Planned Giving - 1839 Society

Elgin Academy wants you to know about some of the unique financial tools you can use to plan your gift so that it also returns benefits to you.

Did you know that:

• You don't have to use cash to make your gift — donate appreciated securities instead. The deduction is the same as for a cash gift, and you pay no capital gains tax on the transfer.
• Give an asset that may help us more than it's helping you — such as a life insurance policy whose coverage your family no longer needs, or real estate like a second home or a parcel of undeveloped land, or even a collection of books or artwork that you no longer have room to display.
• You can make a gift that costs you nothing during your lifetime — name The Academy as a beneficiary of your will or revocable trust, or of your retirement plan.
• You can make The Academy a partner in your giving — you can deed us your home but continue to live there or you can sell us property at a charitable discount.

How do I start?

• Please contact Elgin Academy's Development Department by phone at (847) 695-0309, ext. 256 or by e-mail to scottone@elginacademy.org.