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The St. Andrew's Endowment: Plan to Keep It Strong

When A. Felix duPont envisioned St. Andrew's, he knew from the start that a significant endowment would be needed to support the school's distinctive mission, strengths and identity.

St. Andrew's budget for the 1930—1931 school year was just over $34,500. The endowment contributed more than $15,500 toward the operating expenses. Tuition and fees made up more than $20,000. Though a surplus of $1,000 was realized, the endowment was called upon to provide roughly 45 percent of St. Andrew's needs in its first year.

Today, the model is similar: 45 percent comes from the endowment, 45 percent from tuition and 10 percent from the annual fund.

Every St. Andrean knows that the endowment is critical to St. Andrew's School. At the same time, the endowment has taken on a mythical status in the minds of many St. Andreans. Some believe the endowment to be more than large enough to support the school for its entire future. Unfortunately, this is simply not the case. St. Andrew's endowment is working hard to meet the school's ambitious and expensive program needs.

What has become clear is that without continued endowment growth—not only through investment, but through philanthropy—St. Andrew's will not be able to remain a distinctive community of students and faculty all working and living together in an atmosphere characterized by high academic and personal expectations, trust, warmth, and respect.

Now more than ever, St. Andrew's needs the support of its alumni, parents, grandparents and friends to sustain Felix duPont's vision. St. Andreans must ensure this important foundation remains strong.

One way you can help is to make a planned gift for St. Andrew's. To get more information about gift planning options, please contact Chesa Profaci at 302-285-4260 or today.

A charitable bequest is one or two sentences in your will or living trust that leave to St. Andrew's School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to St. Andrew's School, DE, Inc. [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to St. Andrew's or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to St. Andrew's as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to St. Andrew's as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and St. Andrew's where you agree to make a gift to St. Andrew's and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.