Estate Planning to Achieve Your Philanthropic Goals

Riverside Military Academy is grateful to the donors who have already provided generous gifts through their estates. While current gifts – such as annual giving and capital gifts – meet immediate needs, estate gifts ensure the financial stability of Riverside for years to come through the valuable foresight of our donors.

If you would like to explore the benefits of any of the common practices listed below, please contact Ms. Amanda Griffin, CFRE in the advancement office at 770-538-2924 or by email to discuss options. She will work with you and your advisors to determine the most efficient and effective gift based on your family’s individual situation.

Please complete and submit our Estate Planning Notification form to let us know of any plans you have made. We would like to ensure we understand your intentions and thank you appropriately.

Common Estate Planning Practices

Bequests

The most common form of planned gift is a bequest. It is often the simplest as well. Most bequests provide a specific amount distributed from an estate, a percentage of the estate, or the residual amount of an estate after commitments to family members and other charitable interests have been fulfilled.

Retirement Assets

Because retirement assets are taxed heavily when passed to family members (sometimes 75 percent or more!), they are a wise choice when fulfilling donors’ charitable intentions. In this manner, charities receive the full value of the assets; and family members’ needs can be addressed in more advantageous ways.

Life Income Plans

By setting up a life income trust, you can provide for your ongoing income needs for a set period of time or for the remainder of your life. Many of these arrangements can also benefit the needs of a loved one – such as an elderly relative with ongoing health care needs, or a grandchild who could benefit from assistance with college tuition payments.

Life Insurance

Once children and other family members are adequately cared for, many donors include charities as life insurance beneficiaries. The tax-deductible amount of life insurance varies based on several factors. Please contact us for additional details.

Other Options

If you would like to discuss any estate planning strategies not listed above such as annuities or gifts of real estate, please contact us in the development office. More than likely, a quick discussion can get us on our way to making your goals a reality.