Planned Giving

A bequest is the most traditional way to provide for the future work of Crespi. With a donation through your will or living trust, you retain full use of your gift during your life and pass the earmarked contribution onto Crespi thereafter. Typical forms of bequests:

• General Bequest – specifies that Crespi will receive a designated amount
• Percentage Bequest – provides that a predetermined percentage of your estate will go to Crespi. For example: By leaving 10% of your estate to Crespi Carmelite High School, your estate is not obligated to make the charitable bequest in the event of catastrophic estate losses. 
• Residuary Bequest – directs that everything remaining in your estate after all general bequests, specific bequests, and costs, will go to Crespi.

A Qualified Retirement Plan places Crespi as a beneficiary, leaving the account to a “non-taxable” entity rather than a relative or loved one who may otherwise bear the taxes. You can reduce potential estate and income tax by naming Crespi a beneficiary of your retirement plan with a specific dollar amount or percentage designation. Some Crespi supporters are naming the school as a secondary beneficiary of their retirement plan after their surviving spouse’s passing. 

A life insurance policy donation is quite common in planned giving. Life Insurance, under proper planning, can provide a benefit that costs cents on the dollar for an organization of your choice. Naming Crespi Carmelite High School as the beneficiary of the policy creates an end-of-life Legacy Gift to help Crespi continue to thrive and grow. Life Insurance Strategy and Planning can have significant benefits for the owner and beneficiaries.

A gift annuity comes in many forms, and we recommend reaching out to your financial professional for additional information. We would be happy to provide recommendations for a financial professional if you require one. 

A Planned Gift will ensure that Crespi Carmelite High School continues its mission of educating young men in the Carmelite tradition. Please reach out our Advancement Team at advancement@crespi.org to obtain your Legacy Letter of Intent.