Plan Ahead | WJA legacy society

To leave a gift to the Washington Jesuit Academy in your estate plan, please consider using the following language:

I give to the Washington Jesuit Academy (Tax ID # 52-2336694), located in Washington, D.C.,

The sum of $ ____; it is my preference that this gift should be used for its general support (or the support of a specific fund or program)

An amount equal to ___ percent of the net value of my estate; it is my preference that this  gift should be used. 

All the rest, residue, and remainder of my estate. It is my preference that this gift should be used to support the Washington Jesuit Academy.

Marketable Securities: Donating marketable securities held long-term allows you to fully avoid capital gains taxes and claim a charitable income tax deduction based on the fulll fair market value of your gift.

Real Estate: Donating your primary home, vacation home, commericial porprety, farm, or undeveloped land may offer special benefits to both you and the Washington Jesuit Academy. 

By naming the Washington Jesuit Academy as a beneficiary of your retirement plan, the assets, which may be taxed much more heavily than other estate assets, may completely avoid estate tax and income tax. Recent changes to the tax laws also make lifetime gifts of retirement assets attractive in

certain cases.

You can leave a significant legacy by donating a paid-up policy you may have outgrown, or by naming the Washington Jesuit Academy as a beneficiary of an insurance policy. Life insurance paid to a charity is not subject to federal estate tax and you may be able to receive an income tax deduction for your premiuim payments. 

A charitable remainder trust allows you to provide income distributions for yourself or others while making a gift of the remaining assets to WJA when the trust ends. 

The income distributions may continue for the lifetimes of the beneficiaires, a fixed term of not more than 20 years, or a possible comnbinatino of the two.