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Planned Giving

What is your Pennington Legacy?

You can make a difference at Pennington in many ways.

Planned Giving

A planned gift to Pennington indicates a commitment to the long-term success of the School and its students. These gifts, generally made through bequests and trusts, will create a very strong cornerstone for the future of Pennington. Making a planned gift confers membership in the School's Francis Harvey Green Society.

Planned gifts to Pennington can help:
  • further the School and its mission
  • ensure the future financial strength of the School
  • provide future generations of students with an exceptional learning experience
Planned giving is simple.

Click on the tab "gift ideas" below to see how easy it is to include The Pennington School in your estate.

Many loyal supporters of the School have chosen to join the Francis Harvey Green Society by including The Pennington School in their estate planning. There is no minimum contribution—just the desire to participate in Pennington’s future.

The Planned Giving office is committed to providing you with the information you need to pursue your personal, financial, and charitable giving goals. If you have an interest in learning more about the Francis Harvey Green Society and how you can make a gift to the School that will last a lifetime , please contact Director of Leadership Giving Sarah Mertz at 609–737–6141 or via email at smertz@pennington.org.

Donor Profiles

"Pennington changed my life. I learned to study, accept others for what they are, respect teachers and leaders and realize that the world is very small and very competitive. The high points of my four years were my induction into the Tri-Steps, the School's honorary society, and my acceptance to The Wharton School of Business and Finance at Penn."

Elliot Smith

Class of 1950

"I played basketball for Pennington; Coach Waters and Coach Long were mentors to me. I had a great, diverse group of friends, and the teachers really had time for us. You got to form trusting relationships with teachers. I had such a great experience in high school and Pennington was a big driver of that.”
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Drew Curry

Class of 1976

"We are so grateful for Pennington's open arms, and we want to extend that support to another young person trying to find his or her way."

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Steve and Beena Levy

P'09

Dr. Green's Legacy

Dr. Francis Harvey Green was headmaster of The Pennington School from 1920 to 1943, making his administration the second longest in Pennington history. Dr. Green's legacy to Pennington encompassed far more than the letters, manuscripts, and books he presented to the School on his retirement. His legacy lives on in the commitment to academic excellence and respect for each individual that was his hallmark as a teacher and administrator. In order to perpetuate his good work, The Francis Harvey Green Society was formed to provide for The Pennington School's future through planned giving.



Gift Ideas

Bequests

Including The Pennington School as a beneficiary in your will ensures that the school is able to provide an excellent education for students in the future. You can choose to bequeath a monetary sum or a percentage of your estate. If you already have an up-to-date will, you may add a provision for The Pennington School through a codicil that simply states your latest intentions.

For specific bequest information, including sample language, please click here.

Gifts of Retirement Funds

Qualified retirement plans are a good choice for investing in the future of The Pennington School. If left in your estate, your heirs will pay income tax on these assets in addition to estate taxes, often amounting to a total taxation of up to 75 percent. By bequeathing your retirement plan assets to The Pennington School, you will make sure that 100 percent of these funds will support your wishes.

Charitable Remainder Trusts

Charitable remainder trusts are individual trusts that can be funded with cash, tax-exempt assets or appreciated property. Remainder annuity trusts distribute a fixed dollar amount of income, and remainder unitrusts distribute a variable amount either for a set term of years or for the lifetimes of the beneficiaries. The Pennington School then receives the remainder of the trust assets. Advantages include:

  • Annual income for yourself and/or other beneficiaries
  • An immediate charitable deduction
  • Elimination of capital gains tax on appreciated assets
  • Estate tax savings

Charitable Lead Trusts

A lead trust pays income to The Pennington School for a number of years or a lifetime and then transfers the principal in the trust back to you or to another individual of your choice.

Life Insurance

An outright gift of a paid-up life insurance policy makes an excellent charitable gift. You can also make The Pennington School the beneficiary of an existing policy, or take out a new policy with The Pennington School as the owner and beneficiary.