Planned Giving

Leave a legacy for Curtis.

Deferred giving arrangements such as bequests, life-income gifts, and others assure the continuation of Curtis’s celebrated musical tradition and esteemed legacy.

When you include Curtis as a beneficiary under your will, trusts, life insurance policies, retirement plans, and other estate plans, you can receive a variety of financial benefits along with the satisfaction of supporting the education and training of the next generation of exceptionally gifted young musicians at Curtis. You will also be recognized as a member of the Founder’s Society and receive distinctive recognition for your sustaining generosity.

Planned-giving arrangements call for careful consideration and a complete assessment of your financial situation. Curtis encourages you to consult with your attorney, tax advisor, or financial advisor about the application of planned gifts to your particular situation.

To learn more, contact Charles Sterne III, director of principal gifts and planned giving, at charles.sterne@curtis.edu or (215) 717-3126.

Ways to Make a Planned Gift

Bequests

Although a bequest is literally a gift specified in your will or codicil, today the term is widely used to include charitable gifts from a variety of estate-planning arrangements, including:

    • lifetime revocable trusts, also called "living trusts"
    • "payable on death" or "transfer on death" arrangements
    • retirement plans, such as IRAs, 401(k) plans, and 403(b) plans
    • life insurance policies, including whole-life and group plans

Life-Income Gifts

Life-income gifts are those which pay the donor (or other designated individual) regular income while helping Curtis build a stronger endowment to support the education and training of exceptionally gifted musicians. As deferred gifts to the school's endowment, life-income gifts ensure the continuation of full-tuition scholarships for all Curtis students.

Charitable Lead Trusts

With a charitable lead trust, the donor transfers property to a trust that pays income to Curtis for a specific number of years or for the life of one or more individuals. The income can be the same amount each year (a charitable lead annuity trust) or a percentage of the trust's value, determined once a year (a charitable lead unitrust). When the term is up, the remaining trust principal is returned to the donor or paid to the donor's family, with estate and gift taxes reduced or even eliminated.

Real Estate Gifts

Real estate often becomes the most challenging asset to deal with in an estate plan. To begin with, real estate may be your most valuable asset. It may be located in a different state than your state of residence. It may be your most illiquid asset. And the capital gains tax breaks available when you sell your personal residence do not apply to non-residential properties. You may find that transferring ownership to Curtis, now during your lifetime, or with a deferred arrangement such as a charitable remainder or a bequest, may give you significant benefits while helping support Curtis.