What is your Pennington Legacy?
You can make a difference at Pennington in many ways.
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 firstname.lastname@example.org.
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.
- Gifts of Retirement Funds
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Life Insurance
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.
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 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