Planned and Legacy Giving

Planned Gifts

Oftentimes through a planned gift, or by including the Centralia Public Schools Foundation in your will, you are able to make a gift that will have a more substantial impact.  There are many options available in terms of planned giving; you may choose to give to the Foundation with gifts of property, appreciated stock and retirement plans, including 401ks, IRAs and pension plans.  In many cases, there can be great tax advantages in these types of giving, allowing you to make a greater contribution to help students achieve their full potential.

Gifts through a Bequest

Gifts through bequests are common forms of legacy giving.  You may choose to leave a specific dollar amount to the Foundation or a percentage of your estate. Oftentimes, this type of gift can reduce your estate taxes.  If you already have a will, updating it is as simple as adding a one or two page document to your will called a codicil.

Sample legal language for a bequest: I give, devise and bequeath to Centralia Public Schools Foundation, TIN#86-4948188, a Missouri nonprofit, (one of the following) ___ percent of my estate, the sum of ____, or the residue of my estate.

Gifts of Life Insurance

Maybe you own an existing life insurance policy with a payment that you would no longer like to carry. If this policy has a cash value, you can make the Centralia Public Schools Foundation both the owner and beneficiary and receive a tax deduction for the cash surrender value of the policy.  You can also make the Centralia Public Schools Foundation the beneficiary or one of the beneficiaries of an existing or new policy that you purchase and make payments on.

If you plan on leaving a legacy gift for the Centralia Public Schools Foundation, please let us know so we can celebrate with you and assist you in planning how your gift can make the most impact.

For further information or to notify us of your intent, please contact Jenne Auck, President at cr6foundation@gmail.com.