Founded in 1998, The Sutphen Society recognizes the generosity of alumni, parents, and other members of the Peck family who establish a planned giving arrangement with The Peck School. Membership in the Sutphen Society demonstrates a commitment to elementary education and perpetuates your relationship with The Peck School.
Planned gifts include bequests, life income trusts, and other deferred giving arrangements. A bequest of any size qualifies a donor for membership in the Sutphen Society. Donors are advised to consult their financial advisors who are experienced in the area of estate planning.
Unrestricted planned gifts are usually designated to the School's endowment. Donors wishing to restrict the purpose of their gift or establish a named fund should discuss their intentions with representatives from the School to ensure that their wishes can be met.
Remembering Peck in this special way establishes a tradition of philanthropy so important to The Peck School. For further information, please contact the Peck Development Office at (973) 539-8660, ext. 113 or send email to: development@peckschool.org
INVEST IN PECK
Charitable Planned Giving can be an important part of your estate planning. Bequests, gift annuities, and charitable trusts are vehicles through which you can provide valuable financial support to The Peck School. They also can provide significant financial benefits for you and your loved ones. We encourage you to seek advice from a tax professional about including Peck in your estate planning.
There are several ways you can support an institution such as Peck. The following are among the most popular choices for making a charitable gift:
Bequests
You may make a gift to The Peck School by designating the school as a beneficiary in your will. A bequest can be made for a specific amount or as a percentage of the total estate. Bequests can be unrestricted or used to establish named gift funds (e.g. scholarship fund) or memorial funds. Bequests of any size will help to secure the strength of the School for future generations.
Gift Annuities
Under a gift annuity agreement, you make a gift to Peck in return for the School's promise to make an annual payment to you of a specified dollar amount for as long as you live. The amount of the annual payment depends upon your age and is based on a fixed percentage of the initial fair market value of your gift. A portion of your gift is tax-deductible.
Charitable Remainder Trust
A charitable remainder trust may be designed to provide you with income throughout your lifetime as well as support to The Peck School upon your death. The trust may be established with a gift of cash or appreciated stock. A trust can be structured in one of two ways - either as an annuity trust or unitrust. The important difference between the two options involves the way distributions are handled.
Charitable Lead Trusts
With a charitable lead trust you essentially "lend" a charity your assets for a set period of time. At the end of the gift period, the property you placed in the trust either returns to you, or is passed on to named individuals.
Charitable giving is important to the growth of the School's endowment. Income from the endowment fund helps Peck remain a leader in elementary education by providing a stimulating environment for learning, scholarship funds, augmenting faculty salaries, and supporting programs and curriculum needs.
Our staff welcomes the opportunity to meet with you and your advisors to discuss how you can include Peck in your estate plan.
Discussions are confidential and are held without obligation.
Questions and inquiries should be addressed to:
The Peck School Development Office
247 South Street
Morristown, NJ 07960
(973) 539-8660 ext. 113
development@peckschool.org