The Foundation for a Meaningful Life
Kindergarten - Grade 9 in Southborough, MA
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Ways to Give

Planned Gifts

Plan Your Gift, Leave Your Legacy

Thanks to the generousity of many alumni, parents, and friends of Fay, planned giving has changed the face of the School, providing for Fay’s continued growth and long-term sustainability.

A planned gift is any major gift, made during one's lifetime or at death, as part of a donor's overall financial and/or estate planning.
 
Planned gifts help the School support its excellent faculty, maintain state-of-the-art facilities, develop new educational programs, and deliver the extraordinary Fay experience to each and every student - now and in the future. Planned gifts also enhance Fay’s ability to accept the most promising applicants regardless of financial need.
 
Please contact Stephen Gray, Senior Advancement Officer, at 508.490.8414 or sgray@fayschool.org for assistance or questions regarding any of the following planned giving options.

The information on this website is not intended as legal or tax advice.  For such advice, please consult an attorney or tax adviser. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. 

List of 4 items.

  • Designate Fay for a future estate gift

    • Bequests to Fay may not be subject to federal estate taxes (thereby reducing estate tax liability) and will support the School’s values and mission for many years. Please consult your tax advisor for specific information.
     
    • Under current law, there is no upper limit on the estate tax deduction for charitable bequests.
     
    Donors may designate their bequest for general support (unrestricted) or for a specific purpose (restricted) such as scholarship grants. Bequests may be for a stated dollar amount, specific tangible personal property, or a percentage of the estate’s residual. Documentation is simple and inexpensive, through a bequest designation in the estate plan or a codicil.
     
    Please advise Fay of a bequest for recognition in the School’s 1866 Legacy Society.
     
     
  • Designate Fay School as the beneficiary of a retirement plan

    Retirement plan benefits are often an excellent choice for funding a charitable gift to Fay from one’s estate.
     
    • Naming Fay as the beneficiary of an IRA, 401k or other qualified retirement plan ensures that the balance will be pass to Fay without any reduction in benefits.
     
    • Designating Fay as the beneficiary is straightforward. The donor contacts the plan’s administrator and completes a change-of-beneficiary form, entirely separate from his/her will.  
     
    Please advise Fay of a retirement plan designation for recognition in the School’s 1866 Legacy Society.
  • Life insurance polices

    Assigning or contributing life insurance policies that are no longer needed will result in a meaningful gift for Fay.
     
    Designating Fay as the beneficiary is straightforward. The donor/owner contacts the insurance company and completes a change-of-beneficiary form, entirely separate from his/her will.
     
    Please advise Fay of an assignment of a life insurance policy for recognition in the School’s 1866 Legacy Society.
  • Personal property

    Consider donating collectables, art work, computers or equipment. Please contact Fay to discuss.