Endowment & Planned Giving

You may want to consider planned giving as part of your overall estate planning. Creating a charitable remainder trust or charitable lead trust may be a very advantageous way for you to make a gift to the school.

Bequests ensure that your contributions will benefit generations of students to come. A bequest may be for a specific amount, a percentage of the donor's estate or a residual portion, and may reduce your amount of estate tax. When you make a planned giving gift, we are proud to welcome you into the Nichols Family Planned Giving Society.

Endowment Giving

Planned Gifts and Outright Gifts can be made to one or more of the following funds:

The Harker School General Endowment

The school's most critical and fundamental endowment is the General Endowment. Established by the board of trustees to provide a major source of support for the school, the General Endowment comprises unrestricted funds and ensures the school's ability to sustain itself, evolve and grow, hire and retain outstanding faculty and staff, attract and nurture gifted students and meet unanticipated demands. Harker's General Endowment is overseen by the audit committee of The Harker School Board of Trustees to provide a perpetual stream of income to the school.

Donors to the General Endowment are assured that only the income from their gifts will be distributed, allowing the principal to remain intact. Harker welcomes gifts in any amount to the General Endowment.

Donor-Restricted Pure Endowments

A donor-restricted pure, or named, endowment is expended over time, as the donor has described in his or her Gift Instrument. Acceptance of gifts establishing pure endowments is subject to prior approval by the school, and endowment management and investment is in accordance with prevailing law. These pure endowments may fund faculty chairs, student financial assistance, curricular innovation, faculty development, academic initiatives or other special uses. They may be named for individuals, families or other honorees. A pure endowment can be established with a minimum initial gift of $100,000. An example of a pure endowment is The John Near Excellence in History Education Endowment Fund. Current endowments are:

  • The John Near Excellence in History Education Endowment Fund
  • Mitra Excellence in Humanities Endowment
  • Vegesna Teacher Excellence Endowment
  • Deferred Gifts Fund

    Gifts to this Board-designated deferred fund, such as gifts of privately held stock or private equity funds, are used after they materialize and/or are redeemed.

    Additional Board-Designated Funds

    The Harker Board of Trustees may from time to time designate additional funds, which are to be used as needed to fulfill each funds' stated purposes. Harker welcomes gifts in any amount to these Board-designated funds.

    Planned Giving

    In their "Primer on Planned Giving," Smith Barney defines a planned gift as, "a mediated gift, that is, a gift which a charity receives through or by means of an agency, such as a will, a contract or a trust." Planned giving is often a part of a family’s estate planning. Planned giving does not always need to be associated with someone dying for the tax incentives to be advantageous to a donor.

    There are numerous "products" and strategies available for individuals and families to maximize the benefits that come from making a planned gift. Some planned gifts bring funds to charities right away, others defer gifts to the charity until a later date. Some are able to be adjusted (revocable) and others are not able to be changed (irrevocable).

    For more information please contact Joe Rosenthal, executive director of advancement, at joe.rosenthal@harker.org.

    Estate Planning

    Planned Gifts are commonly made as a part of a person’s estate plan.

    Did you know that a majority of people in the United States don’t have an estate plan?

    For many of us, estate planning is something we know we should do, but somehow manage to put off. While understandable, it is not wise. There is simply too much at stake. Estate planning involves the accumulation, conservation and distribution of assets. Your "estate" is your real and personal property which you intend to use to benefit yourself, your family and your community.

    With good planning, one can really increase the amount that one leaves to heirs and to favorite charities.

    Types of Planned Gifts

    • gifts of privately held stock
    • gifts of private equity funds
    • naming Harker as the beneficiary of your life insurance policy
    • gifts of real estate, insurance policies, or IRAs
    • gifts of a trust: CRT, CLT or an Insurance Replacement Trust

    Endowment Giving News

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