Planned Giving

There are many ways to support Miss Porter's School. To match your means of making a gift with your philanthropic intention, please see the opportunities listed below in the Q & A. The Alumnae/Development Office staff will be pleased to discuss each method with you, but the school recommends that you also have this discussion with your attorney, financial planner, or tax adviser.
 
For further information about gift planning, please contact Director of Gift Planning and Stewardship Susan MacColl Walker, 60 Main Street, Farmington, CT 06032, (860) 409-3626, or susan_walker@missporters.org.

Additional Information:
Legal name: Miss Porter's School, Inc.
Tax ID number: 06-0646786

Find Out Which Means of Giving Matches Your Objective

List of 11 frequently asked questions.

  • Q. How do I keep my gift giving simple and maximize my charitable deduction?

    A. A cash gift is the simplest and most direct way to support Miss Porter's School. A cash gift may not provide as many tax benefits as a gift of appreciated securities, but giving cash means not having to disturb a securities portfolio.
  • Q. How do I minimize or avoid capital gains tax liability if I have highly appreciated property?

    A. Donating appreciated securities is a good way to make a gift to Miss Porter's School. If you own stock or mutual fund shares that have appreciated in value, you can give these shares to the school and not have to pay any capital gain tax on your "paper profit." And you can take a federal income tax charitable deduction for the full appreciated value of the securities, subject to some limitations, if you have held them for more than one year.

    Miss Porter's School prefers to accept gifts of stock that have been electronically transferred into the School's Fidelity account.

    Please contact our Manager, Database and Gift Services at (860) 409-3625 or giftadmin@missporters.org if you would like to donate securities.You may provide your broker the following information to electronically transfer your securities to our account:

    Fidelity Investments
    Account Number: Z49-975249
    Name on account:  Miss Porter's School Inc
    DTC # 0226

    If a donor is transferring funds from a Fidelity Investments account they should submit a letter of instruction to Fidelity with a transfer form stating their account to take the shares from and our account to transfer the shares to.  They will also need to include the share symbol and the number of shares being transferred.


    Miss Porter’s School will credit the gift at the mean value on the day of irrevocable transfer to our account at Fidelity. Miss Porter's School is a 501(c)(3) organization. Our Federal Tax ID is 06-0646786.
  • Q. What means do I choose if I wish to defer my most significant gift until after my lifetime?

    A. A bequest is the simplest form of estate giving and may take the form of a percentage of the estate, a dollar amount, the residue of an estate or a specific named asset.
  • Q. What means do I choose if I wish to make a significant bequest with a highly taxed asset?

    A. You may want to name Miss Porter's School as the beneficiary of all or a portion of your retirement plan, such as an IRA, 401 (k) or Keogh.

    Making Miss Porter's School the residuary beneficiary of these plans at your death is the most tax-efficient way to make a bequest to the school. It will save your estate both the income taxes due on these funds as they flow into the estate and the federal estate taxes.

    Designating Miss Porter's School as the residuary beneficiary does not limit your ability to withdraw and use these retirement funds as you need them during your lifetime.


  • Q. How do I make a gift that will not affect my income or assets now?

    A. A bequest is the simplest form of estate giving and may take the form of a percentage of the estate, a dollar amount, the residue of an estate or a specific named asset.  However, you might also want to consider naming Miss Porter's School as the beneficiary of all or a portion of your retirement plan, such as an IRA, 401 (k) or Keogh.

    Making Miss Porter's School the residuary beneficiary of these plans at your death is the most tax-efficient way to make a bequest to the school. It will save your estate both the income taxes due on these funds as they flow into the estate and the federal estate taxes.

    Designating Miss Porter's School as the residuary beneficiary does not limit your ability to withdraw and use these retirement funds as you need them during your lifetime.
  • Q. How do I receive guaranteed, fixed income from a gift?

    A. Through a gift annuity, you may receive fixed payments for life (or designate someone else to receive the payments), save regular income taxes, save capital gain taxes, and provide a gift to Miss Porter's School.

    Gift annuity payment rates are based on the age of the person who is to receive the annuity at the time the annuity is established.


  • Q. How do I provide an immediate gift stream to Porter’s and leave the principal to heirs?

    A. Charitable Lead Trusts
    A lead trust is a charitable arrangement whereby the donor transfers assets to an independent trustee for at least ten years. During this time, Miss Porter's School is named to receive the trust income. Upon termination of the trust, the assets revert to the donor or other designated beneficiaries (such as children or grandchildren). The trust income is not taxable to the donor during the term of the trust. Substantial gift and estate tax benefits are available to the donor of this type of trust.

  • Q. How do I make a gift and provide income to a loved one?

    A. Through a gift annuity, you may receive fixed payments for life (or designate someone else to receive the payments), save regular income taxes, save capital gain taxes, and provide a gift to Miss Porter's School.

    Gift annuity payment rates are based on the age of the person who is to receive the annuity at the time the annuity is established.
  • Q. How do I make a gift to Porter’s and receive income?

    A. Donors may arrange for gifts that will ultimately come to Miss Porter's School while receiving income from the gift for life.

    Such gifts, especially when funded with appreciated assets, offer significant, immediate tax benefits to the donor. An increased income flow can often be achieved as well.

    Life income gifts, which are irrevocable, are usually made in one of the following forms:

    Charitable Gift Annuity
    Charitable Remainder Unitrusts
    Charitable Remainder Annuity
    Charitable Lead Trusts
  • Q. Is it possible for me to give the school valuable assets that are difficult to liquidate?

    A. You may want to name Miss Porter's School as the beneficiary of all or a portion of your retirement plan, such as an IRA, 401 (k) or Keogh.

    Making Miss Porter's School the residuary beneficiary of these plans at your death is the most tax-efficient way to make a bequest to the school. It will save your estate both the income taxes due on these funds as they flow into the estate and the federal estate taxes.

    Designating Miss Porter's School as the residuary beneficiary does not limit your ability to withdraw and use these retirement funds as you need them during your lifetime.
  • Q. How can I  avoid estate tax liability on a highly appreciated home or other property by making a gift?

    A. A gift to Miss Porter's School of real estate can be very advantageous for both the donor and the school.

    For the donor, there is the opportunity to save taxes three ways: through a federal income tax charitable deduction; by avoiding capitals gains taxes on appreciated property if the property were to be sold; and by removing the property from the donor's estate.

    For the school there may the opportunity to use the property or to sell it.


Moonbeams Circle

The Moonbeams Circle of Miss Porter's School honors individuals who have the school in their estate plans. Among the various forms of planned gifts that are recognized by membership in the Moonbeams Circle are bequests, charitable gift annuities, pooled income fund contributions, charitable remainder trusts, charitable lead trusts, and gifts of life insurance.

For further information about methods of giving or the Moonbeams Circle please contact:
Susan MacColl Walker
Director of Gift Planning and Stewardship
(860) 409-3626
susan_walker@missporters.org