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An Independent, Coed, Friends School, Nursery Through Grade 12

Planned Giving

Create an Enduring Legacy at Moses Brown School

A planned gift is a powerful act of altruism, and one that serves as a testament to your belief in the importance of a Moses Brown education.

When you make a gift to MB through your will, trust, retirement assets, insurance or other planned giving options, your legacy helps ensure the school’s long-term future.  Planned gifts can also provide considerable tax advantages to you.

We will honor and acknowledge your gift through membership in the Obadiah Brown Society. More than 200 years ago, Moses Brown’s son, Obadiah, made a gift of $100,000  through his estate which built a strong financial foundation for the School. 

If you wish to support Moses Brown through a planned gift, please email Meredith Carlone in the Advancement Office or call 401-831-7350 x235 (office) or 401-678-0347 (cell).

Already included MB in your will or estate plan? Let us know.  Download, print, and mail the Planned Giving Gift Form.

Legal Name
Moses Brown School

Tax ID
EIN#05-0258906

Address:
Advancement Office
250 Lloyd Ave., Providence, RI 02906

Contact MB

Meredith Carlone
Director of Leadership and Planned Giving
mcarlone@mosesbrown.org
401-831-7350 ex. 235

Types of Planned Gifts

While many choose to make gifts of cash, there is a wide array of planned gifts that can provide tax advantages, mitigate estate costs, and leave a legacy. To learn more about these beneficial ways of supporting MB, contact Meredith Carlone at mcarlone@mosesbrown.org or O: 401-831-7350 x235 | C: 401-678-0347.

Will Bequest

The simplest form of gift planning—a bequest is a gift that is created through your will or trust and comes to Moses Brown after your lifetime. Bequests can be for any amount and can include cash, securities, real estate, or other property. They can be stated as a specific dollar amount, a percentage of your estate, or the remainder of your estate.

If you have named Moses Brown School in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift.

Retirement Assets

A beneficiary designation is a simple and easy way to make a meaningful gift to Moses Brown, such as an employee retirement plan, IRA, Qualified Charitable Distribution (QCD), Donor Advised Funds (DAF), or tax-sheltered annuity. A gift of these assets can shield your heirs from taxes while funding MB's future.

Donor Advised Fund

Maximizing Your Impact

A Donor-Advised Fund (DAF) is a flexible, charitable giving account that allows you to recommend grants to 501(c)(3) organizations, like Moses Brown School, at any time. You can make an immediate impact by recommending a one-time or recurring grant.

You can also create a lasting legacy by naming Moses Brown School as the beneficiary of all or a portion of your DAF. To do this, simply contact your fund administrator for a beneficiary designation form, and inform us of your decision. By doing so, you’ll be celebrated as a member of the Obadiah Brown Society, Moses Brown’s group of legacy contributors.
 

Life Insurance

By designating Moses Brown School as the beneficiary of your life insurance policy, you're making a straightforward and impactful contribution. This effectively decreases your estate's value by the policy's death benefit amount. It may reduce the donor's taxable estate, saving estate taxes for upper-income taxpayers. Additionally, selecting MB as the beneficiary guarantees the confidentiality of your philanthropic gesture. This can be particularly valuable for individuals who prefer to keep their charitable intentions private from their relatives or other beneficiaries. Moreover, the transfer of assets from an insurance contract is indisputable, safeguarding the donation from any interference.

Real Estate

Explore the potential of your real estate holdings as a powerful tool for supporting Moses Brown's mission. Whether it's your family home, undeveloped land, rental property, or another investment, your real estate, held for over a year, likely represents significant appreciation. Selling it could result in substantial capital gains taxes. However, by donating real estate to a 501(c)(3) public charity like Moses Brown, you can maximize the impact of your charitable giving while potentially enjoying financial benefits.

Please contact your financial planner or strategist with questions. Then contact the Advancement Office at Moses Brown.

Personal Property

Maximize the value of your assets, both now and in the long term, with the benefit of supporting Moses Brown School. Whether your assets include valuable antiques, stamp and coin collections, works of art, or other personal property, these holdings can serve as impactful charitable contributions. The financial implications of your donation depend on the extent to which MB can integrate the property into our mission-driven initiatives.

Assets deemed related use — such as artwork allocated to enrich our arts programs — qualify for a full fair market value deduction. Conversely, assets classified as non-related use are subject to deduction limitations based on either fair market value or your tax basis in the property.

For federal income tax charitable deductions exceeding $5,000, it's imperative that the donor obtain an appraisal from a qualified appraiser and submit a designated 8283 IRS form with the relevant tax return. While Moses Brown School may provide an estimated value for the donated items in an acknowledgment, it's ultimately the responsibility of the donor to determine and substantiate the fair market value of their donation for tax purposes.

Charitable Trusts

There are two main types of charitable trusts; a charitable lead trust (CLT) and a charitable remainder trust (CRT).

In a charitable lead trust (CLT), the trust makes annual payments (either a fixed amount or a percentage of the trust's value) to the designated charitable beneficiaries (i.e. Moses Brown) for the specified period. At the end of this period, the remaining trust assets are typically transferred to the non-charitable beneficiaries, often the donor's heirs. Charitable lead trusts offer several potential benefits, including the ability to support charitable causes during the donor's lifetime or for a specified period, the reduction of estate and gift taxes for the donor's heirs, and the opportunity to transfer assets to heirs at a reduced tax cost. Additionally, CLTs can be structured to provide flexibility in distributing income to both charitable and non-charitable beneficiaries according to the donor's wishes.

A charitable remainder trust (CRT) is a type of irrevocable trust that allows an individual to contribute assets, such as cash, securities, or real estate, to the trust while retaining an income stream for themselves or other beneficiaries for a specified period or for life. At the end of the trust term or upon the death of the income beneficiaries, the remaining assets in the trust are transferred to one or more designated charitable organizations.

The specific requirements for establishing a charitable trust vary depending on the jurisdiction and the type of trust being established. As such, it is advisable to consult with legal and financial professionals experienced in estate planning and charitable giving.

The Zoom was recorded on Wednesday, March 20, 2024. Watch below: