Planned Giving

Many of Oakwood's friends and alumni choose to make a gift to the school in the form of a bequest or a charitable gift annuity. These gifts may offer particular tax advantages to the donor while enabling him or her to support the school in significant ways.

If you are planning for retirement and looking for sources of guaranteed income, consider a charitable gift annuity naming Oakwood Friends School as beneficiary. When you establish a charitable gift annuity, you receive:

1) fixed cash payments, a portion of which may be free from federal income tax
2) an immediate charitable deduction for federal income tax purposes
3) the opportunity to make a significant difference in Oakwoods future

Oakwood's charitable gift annuity program is offered in association with Friends Fiduciary Corporation (FFC). Annuity rates increase with age, but the rate is fixed once the gift is made. Rates offered by FFC are those recommended by the American Council on Gift Annuities. You enter a legally binding written contract with FFC when you establish a charitable gift annuity with your irrevocable transfer of cash or appreciated securities to benefit Oakwood. FFC will mange all aspects of your charitable gift annuity including beneficiary payments, income tax reporting and investment. It is very important that you consult with your legal and financial advisors before finalizing your estate plans.

For additional information on planned giving, contact Elaine Miles, Director of Development and Alumni Affairs, 845/462-4200, x224.