Many planned giving options are available to Storm King donors. The School recommends that you choose the option that is best suited to your financial situation. While cash gifts are still the most popular among Storm King supporters, you may want to consider the array of giving options available.
Many donors choose to remember The Storm King School in their estate plans. Bequests are made for a specific amount, a percentage of the estate, or as a residual portion. Gifts made through a will or a living trust—which leave the asset in your hands during your lifetime—are also popular. For more information about planned giving options and how to maximize the benefits for yourself and your family, feel free to contact the Development Office at (845) 534-7892.Life Insurance:
A contributor can designate The Storm King School as a beneficiary of a life insurance policy or transfer the ownership of an existing policy to the School.Income Interest:
An income-interest gift allows donors to contribute the income from an asset while retaining ownership of that asset. You can specify that The Storm King School receives the income for a pre-determined period of time, after which the asset and its subsequent income is returned to yourself or to other designated recipients.IRAs & Pension Funds:
Your estate saves both income taxes and estate taxes by making The Storm King School a beneficiary of part or all of your individual retirement account or alternative retirement savings plan. Donors can also arrange to provide for a family member after their death and have the school benefit at a later date.Remainder Gifts:
The remainder gift is one of the most popular ways to provide for the donor's family while maximizing the charitable tax benefits available.