Planned gifts are made by donors who believe in Oak Knoll and desire to make substantial gifts to the school through estate planning. Gifts may take various forms, with bequests through wills perhaps the most familiar. Gifts through other instruments can provide the donor with a lifelong income, as well as immediate and long-term tax benefits.
The school’s board of trustees clearly recognizes the importance of planned giving and wishes to thank, recognize, and honor planned giving donors during their lifetimes. To accomplish this, the trustees have established The 1924 Society, named in honor of the year the school was founded. Membership is automatic upon notification of a donor’s intention to include Oak Knoll in his or her estate plan.
The 1924 Society, Oak Knoll’s planned giving society, serves to acknowledge the school’s donors whose vision and generosity are helping Oak Knoll chart its future. Members of The 1924 Society embrace the commitment of the school’s founders, the Sisters of the Holy Child Jesus, to provide students with a Catholic independent education of the highest quality.
We encourage you to join the founding members of The 1924 Society and consider a bequest in conjunction with your other methods of giving to the school.
By including Oak Knoll in your estate plan, you will not only receive the satisfaction of contributing to Oak Knoll, but you also can take advantage of resulting tax benefits. You can:
- Name Oak Knoll as a residuary beneficiary; that is, leave the balance of your estate to the school after all your specific bequests are honored.
- Leave a specific bequest of money or property to Oak Knoll.
- Make Oak Knoll a contingent beneficiary, meaning that, should your primary beneficiaries predecease you, your estate, or some portion of it, would be left to Oak Knoll instead of passing to unintended beneficiaries or to the state in which you reside.
- Establish a charitable testamentary trust in which income would be paid to someone for his/her lifetime and upon his or her death, the remaining principal would be left to Oak Knoll.
For further information, contact Cynthia Prewitt
, director of Institutional Advancement, at (908) 522-8106.