Ways To Give

You can make a credit card gift online using Visa, MasterCard or Discover. For wire transfer instructions, please call the Development Office at (301) 424-6550. If making a gift by check, please make it payable to Christ Episcopal School and designate “CES Annual Fund” in the memo field. Gifts may be mailed to:

Development Office
Christ Episcopal School
109 South Washington Street
Rockville, MD 20850

Did you know that many companies offer a matching gift program to encourage philanthropy among their employees? And that some companies will even match to spouses and retirees? By simply completing a matching form (online or paper), you may be able to double, or even triple, the impact of your gift! Contributions of every amount benefit our students and their education at Christ Episcopal School.

Already have your form? Please mail it to:

Christ Episcopal School
109 South Washington Street
Rockville, MD 20850

For additional information or questions about matching gifts, please contact Cyndy Mamalian, Development Director at cmamalian@cesrockville.org.

Gifts made by stock transfer are welcomed and may provide you significant tax advantages. Please consult your tax advisor for more information.

Transfer of Securities in Kind

Fidelity
Account Name: Christ Episcopal School
Account Number: Z40445153
DTC Number: 0226

Contact Information

Please email Christ Episcopal School’s Finance Director, Erin Lopez, to let her know you are making a gift of stock so we can credit your gift. Please include your name, name of the stock, and number of shares. Fidelity does not provide us with this information.

Erin Lopez
CES Finance Director
finance@cesrockville.org

Fidelity
Toll Free: 800-343-3548

A special opportunity for those who are 70 ½ years old and older, you can give a gift of any value $100,000 or less per year from your IRA directly to a qualified charity such as Christ Episcopal School without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. Your gift will be put to use today, allowing you to see the difference your donation is making!

Also, beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD). Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax. Please consult your tax advisor to determine how this strategy might affect your specific tax situation.

Plan your future while helping secure the future of Christ Episcopal School (CES). The generosity of Legacy Giving donors strengthens opportunities for our students, faculty and programs. Our Development Office can help you determine the best strategy to meet your financial needs while making a lasting impact at CES.

Legacy Giving at Christ Episcopal School

Bequests and Estate Plan Gifts

The simplest way to make a planned gift is by naming Christ Episcopal School (CES) in your will. A bequest is a meaningful way to support our work without affecting your cash flow during your lifetime. Your attorney can include it when you prepare or revise your will or you can add a codicil at any time.

There are several types of bequests:

• A specific bequest indicates the amount of cash, securities or other assets you wish to leave to CES. Or it can indicate a specific percentage of the total value of your estate.
• A residuary bequest leaves the remaining portion of your estate (or a percentage of the total) after all other bequests have been satisfied.
• You can make CES the recipient of a contingency bequest, which takes into account the possibility of a change in your beneficiary’s circumstances.

Remembering Christ Episcopal School with a bequest from your estate will help and strengthen our school in years to come. Some of the advantages of creating a bequest include:

• A bequest costs nothing now, yet gives you the satisfaction of knowing you have provided for Christ Episcopal School in the future.
• You retain control of and use of your assets during your lifetime.
• You may modify your bequest if your circumstances change.
• Gifts to Christ Episcopal School from your estate are exempt from federal estate taxes.

Retirement Plans

• Name Christ Episcopal School as a Beneficiary. You can donate to CES through your retirement plan by naming the school as a beneficiary. Certain retirement plans, including IRAs, Keoghs, 401k and 403b plans, allow you to defer paying taxes until you withdraw income during retirement. However, after your death these accounts are often exposed to significant taxes. Therefore, you might find it beneficial to contribute all or part of these funds to Christ Episcopal School while leaving other assets to your heirs. You will retain control of the plan during your lifetime, and you can change your beneficiary at any time if your circumstances change.
• IRA Charitable Rollover or Qualified Charitable Distribution. A special opportunity for those who are 70½ years old and older, you can give a gift of any value $100,000 or less per year from your IRA directly to a qualified charity such as Christ Episcopal School without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. Your gift will be put to use today, allowing you to see the difference your donation is making! Also, beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD). Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax. Please consult your tax advisor to determine how this strategy might affect your specific tax situation.

Charitable Trusts

A charitable trust is a way to achieve your current and long-term financial, estate and philanthropic goals. A donor makes an irrevocable transfer of cash, stock, real estate or other assets to a trust which produces income for the donor or other beneficiary, for a fixed period of time of up to twenty years or until the donor or other beneficiary dies. At the conclusion of the trust period, the remaining principal assets will be distributed to Christ Episcopal School.

Charitable trusts take two forms — charitable remainder trusts and charitable lead trusts.

A charitable remainder trust allows you to designate the beneficiary of regular payouts from trust proceeds (for either a fixed dollar amount or a fixed percentage) during your lifetime or for a period of time, not to exceed twenty years. At the same time, CES is designated a remainder beneficiary. This allows you to claim a tax deduction for the estimated portion of the assets that will ultimately go to CES upon death or the expiration of the fixed period.

Charitable lead trusts appeal to individuals who wish to make a gift but retain the property. These irrevocable trusts are, essentially, the reverse of charitable remainder trusts in that the payments from a charitable lead trust will first go to CES for a specific period of time, usually between 10 and 20 years, after which time the principal of the trust will revert to you or to those you have designated.

Please talk with your attorney about setting up these types of trusts.

Bank Accounts, Securities and Certificates of Deposit

A no-cost way to make a planned gift to CES is by designating it the recipient of a bank account or security. You can instruct any financial institution in which you have an account or are the holder of a security to place your asset in a trust (often called a Totten Trust or a Transfer upon Death Account) which will be transferred, upon your death, directly to Christ Episcopal School.

This allows you to retain complete control of the asset during your lifetime and to give the remaining asset to CES upon your death. Most Totten Trusts can be created easily, using a form obtained from your bank, financial institution or the holder of the security.

Life Insurance Policies

Christ Episcopal School welcomes philanthropic support through gifts of life insurance policies when the policies are paid in full and CES is named as the owner and irrevocable beneficiary of the policy.

You can name CES as the primary or contingent beneficiary of an existing or new life insurance policy. Although a current income tax deduction is not available, it will result in a federal estate tax deduction for the full amount of the proceeds payable to the charity, regardless of policy size. Or you can make an assignment or gift of a life insurance policy that you currently own or donate a new life insurance policy, approaches which allow a current income tax deduction.

Please note the information above about the various donation strategies represents general guidelines and suggestions. Please consult your attorney, accountant, and/or financial advisor to discuss how these strategies may impact your personal financial situation.

Contact Us

Please contact our Development Director Cyndy Mamalian at cmamalian@cesrockville.org or (301) 424-6550 for more information about Legacy Giving.

The Christ Episcopal School tax I.D. number is 52-0846699. You may designate a specific purpose for planned gifts with a separate letter prepared with assistance from the Christ Episcopal School Development Office.