Maryvale is grateful for those members of our community who have thoughtfully named the School as a future beneficiary of a planned gift.
Legacy giving encompasses charitable gifts that are arranged with forethought and planning, and executed over an extended period of time or at some point in the future.
Legacy gifts are a popular method of giving because they can provide significant tax benefits and sources of income. They take various forms - bequests, trusts, annuities, and gifts of real estate - and provide for the future needs of the School. These gifts are testaments to the loyalty and dedication of their donors, those who care so deeply about the School to plan for its future.
Legacy Giving Types
A provision in a will or estate plan that allocates all or part of an individual’s estate to be directed to Maryvale Preparatory School.
Bequest Language
The official bequest language for Maryvale is: “I <Name> of <City, State, Zip> give and bequeath to Maryvale Preparatory School <written amount or percentage of the estate or description of the property>, to be utilized for <general use or name restricted purpose>.
A Charitable Gift Annuity (CGA) is an arrangement whereby a donor transfers cash or other property to Maryvale in exchange for a commitment by Maryvale to pay the donor an amount (annuity) each year for a specified term or for the remainder of their life. At the death of the beneficiary, Maryvale will use the principal in accordance with the terms of the gift.
Either cash or other assets (appreciated stock) can be put into a remainder trust, which is irrevocable. During the donor’s lifetime she/he can receive payments, at least quarterly, amounting to five percent or greater, depending on the age of the donor. At the death of the donor the remaining balance transfers to Maryvale.
A donor can transfer her/his IRA at their death to a qualified charity as beneficiary. Because of its tax-exempt status, neither the donor nor their heirs will incur income tax.
A donor can create a trust naming a charitable beneficiary and specifying the trust terms, then transfer the property to the trust. The Trustee who administers the trust is responsible for the investment of the assets and administration of the trust. The Trustee pays the required amount to Maryvale at specified times and the remaining balance is distributed to the beneficiaries at the end of the trust term.
Life insurance provides several options: A donor may designate Maryvale as the beneficiary, or partial beneficiary of a life insurance policy. There is no income tax benefit with this option but a possible estate tax benefit. A donor may also donate existing life insurance policies. Tax deductions may be equal to the policy’s replacement value. A third option is to purchase a policy and name Maryvale as the owner and beneficiary. The premiums the donor pays are fully tax deductible. At the donor’s death, Maryvale receives the insurance proceeds.
The Trinity Society
Those who include Maryvale in their planned gifts are welcomed into the Trinity Society. The Trinity Society of Maryvale was established in 1999 by the Board of Trustees to honor alumnae/alumni, parents, grandparents and friends who have included Maryvale in their estate plans.
Members of the Trinity Society leave a lasting legacy, ensuring Maryvale's mission as a Catholic, independent girls' school. Members are regularly listed in school publications and invited to special events at the School.
Trinity Society Members
Bonnie Caslow Allan '68
Susan Melvin Ayres '67 †
Kathleen Bitzel Bennett '57
Kathy Murphy Blue '83
Patricia M.C. Brown '78 and Joseph P. Gill
Mary Castagna Carrillo '58
Cindy Davis '82
JoAnne Brandt Dolan
Tracey H. Ford
Mr. and Mrs. William J. Frank
Mary Agnes Gahan †
Mercedes Greene '90
Susie Guzzo Good '57
Frances Flannery Gunshol '65
Elizabeth A. Hart '81
Bette Jean Braden Heins '61
Ralph Joseph Hilsher LS '62 and Joyce Abate Hilsher
Laura E. W. Nolan Holden '02
Tracy Bagli Hooper '73 and Henry Hooper
Cathy Vitrano Kellermann '73 and Mark Kellermann
Peggy Harrison Kenney '64
Trinity Society Members
Mary Lochboehler Kilbourne '57
Francis R. Kimmel †
Heather Klink '84
Mary Jo Lancaster †
Marie Lerch '72
Jane Bracken Mace '65
Bridget Maginn†
Kim Goldsmith McCain '71
Mary McGeady '77
Mitchell-Huether Family
Patricia J. Mitchell '65
Pam Hennegan Moore '58
Karen Geckle Moritz '81 and Stephen Moritz
Libby Bagli Nagle '72
Mary Ann Bauer O’Connell '55 †
Catherine Cochran Peddy '62
Marci Prosser Reihart '73
Bob and Stuart Sanford
Dominick M. Valencia, Jr.
Elizabeth Lerch Visconage '74
Elizabeth Wells '70
†Deceased
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