St. John’s Northwestern

Military Academy

Giving

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Planned Gifts

The information on this page is general in nature and may be subject to change. Due to the complexity of applicable laws and regulations, you are encouraged to consult an experienced attorney, certified public accountant or financial planner.

Bequest through Will
One of the simplest ways to support the Academy’s future is through your estate. After others have been provided for, you can make a gift bequest of a dollar amount, specific property, percentage of the estate, or what is left (remainder) to the Academy. You may designate the proceeds of your will for "general purposes" or for a specific purpose such as the endowment. If you plan to include St. John's Northwestern Military Academy in your will, please contact us so we can help you direct your gift according to your wishes.

Life Insurance
An easy way to make a significant future gift is to name St. John's Northwestern Military Academy as a beneficiary to receive all or a portion of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value, thus reducing your tax liability in the year of the gift.

Charitable Remainder Trusts (Annuity and Unitrusts)
Plan a gift that makes a difference in your life and the lives of cadets. A charitable remainder trust is a trust in which you irrevocably place cash, securities or other property, but keep a specified income—usually for life. When the trust ends, the property in the trust passes to the Academy—much as if you had left it in your will. Donors can select the rate of return from these income arrangements and also choose a fixed or fluctuating annual payment. Both the annuity trust and unitrust generate significant tax advantages for the donor.

Charitable Lead Trust
A Charitable Lead Trust is a remarkable way to make a gift to both the Academy and to your heirs, and eliminate or significantly reduce all inheritance tax! Your assets are put into a trust where the charity is paid income for a specified period of time. At the end of the trust time, the remaining assets and any growth are passed on to your heirs.

For example, if you set up a $1 million Charitable Lead Trust, the Academy would receive approximately $65,000 per year in income for the period of the trust. At the end of the period of the trust, the remaining principal can be given to your heirs with significantly reduced or no transfer tax. This can save up to 45 percent in estate taxes.

Other Planned Gift Options
Other planned gift options include:

  • Revocable Living Trust
  • Retirement assets
  • Collectibles and other personal property
  • Real estate
  • Charitable gift annuities