Frequently Asked Questions

• I'd like to make a larger gift to The Pennington School, but I do not currently have the cash flow to do so. Any ideas?

  An easy and low-cost way to make a gift to The Pennington School is to include Pennington in your will or revocable trust. Gifts by Will are a major source of endowment support at our School. Each individual legacy gift contributes to our financial strength and ability to meet the needs of our students and our programs. See our Bequest Language page for samples of how to do this. You can also designate The Pennington School as the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.

• What asset should I use to make my gift?

  While cash or a check is a simple way to make a gift, you might want to consider the following:

  Gift Type	Possible Benefits
  Cash	Current income-tax deduction
  Appreciated securities, such as stocks, bonds, or mutual funds	Elimination or reduction of capital-gain tax Current income-tax deduction Generate income
  Make our institution the owner and beneficiary of life insurance or annuities	Income- and estate-tax savings
  Transfer of residential, commercial, or undeveloped real estate	Elimination or reduction of capital-gain tax Income- and estate-tax savings Generate income Relief from management
  Donate an interest in closely held or family business stock	Reduce the cost of passing the business to heirs Income- and estate-tax savings Generate income
  Give us tangible personal property like art, books, or collectibles	An income-tax charitable deduction

   

• Can I direct how The Pennington School will use my gift?

  Most often the answer to this is “yes”! Many donors direct that their gifts be used to fund programs, support specific departments, or remember a loved one. Please contact The Pennington School to discuss your specific interest.

• How will The Pennington School recognize my gift?

  Your gift will be recognized in our Annual Report and within other donor recognition publications. If your gift is an estate gift or a life-income gift, you will become a permanent member of The Francis Harvey Green Society. Of course, we will also honor any requests for gifts to be anonymous.

• Why should I consider a gift to The Pennington School?

  Gifts are made for many different reasons. Often gifts are made:

  • To express gratitude for the education that you or your child received at Pennington and to ensure that future generations can benefit from the same transformative experience.
  • To ensure Pennington will sustain its mission to developing individual excellence in all its students through strong academic and co-curricular experiences.
  • To honor a loved one or a faculty/staff member who positively impacted your education.
  • To celebrate a special occasion, such as a reunion or a graduation.

Please contact us to learn more about making a lasting impact at Pennington through your planned gift.