Many of our alumni would like to make a significant gift to Germantown Academy but feel their generosity must be considered along with the financial responsibility for themselves and loved ones. Some, however, have discovered that through their wills it is possible to help GA without neglecting other obligations.
The Samuel E. Osbourn Society, GA’s planned giving recognition society, honors one of our school’s most visionary leaders. Osbourn had a keen appreciation for preserving the future of the school and assuring the educational progress for generations of students to come.
Similarly, you can make a direct impact upon our school’s future by planning a gift through your estate for GA. Perhaps the most common gift vehicle is the charitable bequest. By making a bequest provision in your will, you simply direct that certain funds or property be transferred to GA from your estate. Bequests can take various forms.
A general bequest, the most popular type, provides a specific dollar amount. Specific property bequests designate a gift of other types of holdings such as specified stock or real estate. A residuary bequest is used to give a charity all – or a portion of – one’s property after all debts, taxes, expenses and other bequests have been paid. A percentage bequest can be expressed as a percentage of an estate or residuary estate.
The GA Office of Institutional Advancement would be pleased to assist you, by providing sample bequest language and further explanations of other gift vehicles, as you consider this and many gift planning options. Further, your attorney and other advisors can assist you in assuring that your plans fully incorporate your charitable intent to benefit GA.