Do you have an IRA, 401(k), life insurance policy, or any other asset not included in your will? If so, these are called non-probate assets and you must plan your beneficiaries for them separately.

You can add Providence Academy when you choose or change your beneficiaries.

A bequest is a gift made by including Providence Academy as a recipient in one’s will. The gift can be a particular amount of money; all or a percentage of the estate; or a gift of a specific asset such as a piece of real estate or financial security.

If you own real estate or securities that have appreciated greatly over the years, a Charitable Remainder Trust may be an option for you.

Using your appreciated property or securities, set up an Irrevocable Remainder Trust with your attorney or financial planner and name Providence Academy as the beneficiary. The Trust, which is not subject to tax, sells property or securities, reinvests the proceeds and makes specified annual payments to you or other designated individuals for a specified period of time. At the end of that period, the remaining funds in the Trust go to Providence Academy. 

If you are 65 or older, a charitable gift annuity (CGA) is a way to receive reliable income and support Providence Academy's mission. Upon establishment of the annuity, an individual can receive fixed payments for the rest of his or her life. Upon death, the remaining portion of the annuity will be released to Providence Academy. A CGA may have a number of tax advantages as well.