As a member of the Cardinal Newman School Family, you're probably among the more than 90% of Americans who donate time or money to their school and/or other non-profit organizations. But did you know that only about 5% of all people remember these organizations when planning the distribution of their estate upon passing?
Planned giving provides an excellent opportunity for you to leave a legacy of your own. As a supporter of Cardinal Newman School's mission, we would be very pleased to work with you to make arrangements that work best for you and your family.
Below are some of the most frequently asked questions regarding planned giving:
What is an estate? I don't have a lot of money or property!
"Estate" is simply a word describing any money or belongings you have at the time of your death. Most people have an estate, even if they are not wealthy. Anyone can leave a gift to Cardinal Newman School, as well as to their family.
What are some examples of planned gifts?
• Life Insurance
• Charitable Remainder Trust
• Charitable Lead Trust
How do I leave a gift to Cardinal Newman School?
You may leave a charitable gift in a will or trust, or by naming Cardinal Newman School as a beneficiary of an insurance policy or retirement plan such as an IRA.
Some people donate something they own, like a car, coin collection, or their home. Others leave a paid-up life insurance policy, retirement account or their financial investments.
Do I tell Cardinal Newman School that I've left a gift to the School in my will?
That's up to you. Cardinal Newman School would prefer that you let us know about gifts in advance. This way, we can recognize your generosity and possibly use your support to encourage others to do the same.
Who can help me in making a gift to Cardinal Newman School?
A professional advisor, such as a financial planner, an attorney, or an accountant, will get you off on the right foot by advising you on the various ways in which you can make a gift.
The Development Office at Cardinal Newman can also help you get started. According to the laws of South Carolina, an attorney should prepare your final will or estate plan.
Can I leave a gift in memory of a special person or for a specific purpose?
A charitable gift is a wonderful way to recognize someone who made a difference in your life. You may also want to contribute to a special area of need at Cardinal Newman School. This kind of memorial gift can be specified in your will.
Why should I leave a gift?
You truly will leave a legacy for the future by supporting Cardinal Newman School through a will or estate. As we celebrate the more than 140 years we’ve educated and shaped the minds of young men and women, and anticipate building for our future, your generosity will play a major role in the development and growth of our school for years to come.
Everyone at Cardinal Newman School is very appreciative of your support. We hope that this information makes you aware of a very special way to leave a legacy of your own by supporting our school which means so much to you. For more information, please contact the Development Office at 803.888.1641.