Why does Cedarwood Waldorf School have multiple fundraising campaigns throughout the year?
All independent schools in the U.S. rely on gifts from parents, past parents, faculty, staff, grandparents, alumni and friends to make up the difference between tuition and the actual cost of educating students. Gifts to the campaigns are tax-deductible and provide resources to help cover the current year’s operating expenses.
What is the Annual Appeal?
The Annual Appeal is money given to Cedarwood that is spent in that same year. Our fiscal calendar goes from July 1 to June 30, and these gifts directly impact the experience of our children now. Giving to Cedarwood’s Annual Appeal campaign affects our programs and teachers, helps with tuition aid, contributes to maintaining our buildings and supports much of the important work of the school.
What is the Capital Campaign?
The Capital Campaign is a one-time opportunity to help Cedarwood gain the necessary square footage it immediately needs to expand our admissions and programs. By giving to the Capital Campaign you are supporting the future of our school. The annex to the main Cedarwood School building has already increased our total square footage by 50% and provided necessary classrooms, performance spaces, an industrial kitchen, and library.
Are there opportunities for planned giving at Cedarwood Waldorf School?
Yes, there are many ways to give a planned gift to Cedarwood Waldorf School. There can be tax advantages depending on the kind of gift you establish and many ways to give that offer benefits to the donor during their lifetime.
What is planned giving?
While the primary purpose of this type of gift is to support Cedarwood Waldorf School, its secondary purpose may be the financial benefits to you and your family. A planned gift means that Cedarwood Waldorf School will receive the gift at some time in the future, often after the donor has benefited from interest off the funds.
How does your gift help?
Planned gifts help to ensure that Cedarwood Waldorf School can continue to achieve its mission well into the future. Your planned gift can extend the support you give Cedarwood Waldorf School beyond your lifetime and help to build an endowment for the school.
An endowment will be an indicator of Cedarwood’s financial stability and highly symbolic of the loyalty of the school community and its supporters. Money placed in an endowment will be there “forever,” with a set percentage of the interest from the endowment being used each year to benefit the school.
What are the options for planned giving?
There are a variety of opportunities to make a charitable gift to Cedarwood Waldorf School.
The simplest form of planned giving is through a bequest in your will. Bequests are exempt from estate taxation and allow for a much larger gift to be made than might be possible during your lifetime. A bequest can be property, a fixed dollar amount, a percentage of your estate, or the remainder after other recipients are named. Bequests can be made when creating a new will or adding to an existing will.
Charitable gift annuity
Gift annuities are simple. You support Cedarwood Waldorf School by making a gift of cash, marketable securities or other property. In exchange, Cedarwood Waldorf School guarantees to pay you a fixed income for life based on the suggested annuity rates set forth by the American Council on Gift Annuities. A portion of the income paid to you will be tax-free.
Charitable Remainder Trusts (CRT)
CRT’s are trust arrangements established by you to provide lifetime income to you or a beneficiary with Cedarwood Waldorf School as the final trust beneficiary. Due to their significant tax advantages, the IRS regulates CRT’s. You may set up a charitable remainder Unitrust or Annuity trust. Each trust has its own requirements and offers unique financial and tax advantages.
Charitable Lead Trusts (CLT)
CLT’s are trust agreements established by you to provide a future gift to a beneficiary at a predetermined time. You place the assets in a trust for a specified period of time. Earnings go to Cedarwood Waldorf School during the life of the trust. The principal goes to your beneficiaries when the trust terminates. Each trust has its own requirements and offers unique financial and tax advantages.
Other planned gifts
Other options include life income trusts and gifts of life insurance and retirement plan benefits.
How do I set up a planned gift?
When you are ready, please contact Jean McGowan, Cedarwood Waldorf School’s Development Director & Communications Coordinator, at (503) 245-1477, ext. 14. We would be happy to meet with you.