Alumni, parents and friends of Saint Matthew often seek ways to perpetuate their support for the school. Gifts made as part of your overall estate plan, which benefit you now and SMS later, are known as ‘Planned Gifts’ Planned giving allows you to provide future support for the areas and programs at Saint Matthew School that are of most interest to you and often allow you to make a larger gift than you might have thought possible.
A bequest, or gift given through a will, is a simple and effective way to continue your contribution to SMS beyond your lifetime. You may make a gift to Saint Matthew School by designating SMS as a beneficiary in your will. Bequests permit donors to commit assets after their lifetimes while retaining the property during their lives. Bequests can allow for significantly larger gifts and can reduce estate taxes. A bequest can be made for a specified amount or as a percentage of the estate. Bequests can be unrestricted or used to establish operating or endowed funds to accomplish specific goals. Bequests of any size will help to secure the strength of the school for future generations.
A bequest can:
- endow one’s annual gift in perpetuity
- provide general endowment for SMS for future needs not yet imagined
- underwrite the critical needs of the school from resources you no longer need.
A bequest gift to Saint Matthew School is easy to make with an attorney’s help. Bequest provisions can be written to suit your exact inclination, whether that is to give the school:
- a particular percentage of your estate’s value,
- a specific dollar amount, or
- a specific item of real property.
In addition to adding bequest language to your will, here are a few other simple ways for you to make a bequest to SMS.
- Make SMS a designated beneficiary of a life insurance policy.
- Make SMS a designated beneficiary of an IRA or other retirement plan.
- Make SMS a designated beneficiary of savings bonds.
- Instruct your bank to “pay on death” to SMS some or all of a specific bank account.
- Instruct your brokerage firm to “transfer on death” to SMS some or all of a specific brokerage or other financial account.
Your attorney can also draft a contingent bequest that takes effect only in the right circumstances.
An undesignated bequest gives SMS the flexibility to use the gift where it is most needed.
Please let us know if you have included SMS in your estate plans. We would welcome the opportunity to thank you for your thoughtful gift and to confirm that we can carry out your wishes.
Although you may hesitate to tell the school about its place in your estate plans, it is important to do so, especially if you intend to designate your bequest for a particular purpose. Notifying the school will help to ensure that your gift is used as you intend and confirms that the gift’s designation makes the maximum contribution to the school’s mission to set the pace of excellence in educating our students. The school pledges to keep all such information secure and confidential and to be good stewards of your gifts.
Donors who make documented planned gifts to Saint Matthew School are recognized as members of the The Saint Matthew School Legacy Society. To qualify as a charter member of the SMS Legacy Society, one simply must notify the school that it has been named as a beneficiary within the individual’s will, retirement or life insurance plan, charitable trust or annuity, or any means that conveys future real or personal property rights to the School. You may inform the school by contacting by completing our online form. Click here to access the form.
Want to learn more about including Saint Matthew School in your estate planning? Use the form above or contact Lori bellante at 615-550-5106 or via email at LBellante@stmatthewtn.org