Planned Giving

A bequest is the most traditional way to provide for the future work of Crespi. With a donation through your will or living trust, you retain full use of your gift during your life and pass the earmarked contribution onto Crespi thereafter. Typical forms of bequests:

• General Bequest – specifies that Crespi will receive a designated amount
• Percentage Bequest – provides that a predetermined percentage of your estate will go to Crespi. For example: By leaving 10% of your estate to Crespi Carmelite High School, your estate is not obligated to make the charitable bequest in the event of catastrophic estate losses. 
• Residuary Bequest – directs that everything remaining in your estate after all general bequests, specific bequests, and costs, will go to Crespi.

A Qualified Retirement Plan places Crespi as a beneficiary, leaving the account to a “non-taxable” entity rather than a relative or loved one who may otherwise bear the taxes. You can reduce potential estate and income tax by naming Crespi a beneficiary of your retirement plan with a specific dollar amount or percentage designation. Some Crespi supporters are naming the school as a secondary beneficiary of their retirement plan after their surviving spouse’s passing. 

A life insurance policy donation is quite common in planned giving. Life Insurance, under proper planning, can provide a benefit that costs cents on the dollar for an organization of your choice. Naming Crespi Carmelite High School as the beneficiary of the policy creates an end-of-life Legacy Gift to help Crespi continue to thrive and grow. Life Insurance Strategy and Planning can have significant benefits for the owner and beneficiaries.

A gift annuity comes in many forms, and we recommend reaching out to your financial professional for additional information. We would be happy to provide recommendations for a financial professional if you require one. 

A Planned Gift will ensure that Crespi Carmelite High School continues its mission of educating young men in the Carmelite tradition. Please reach out to Executive Director of Advancement, Mrs. Gregoria Leoni, at [email protected]to obtain your Legacy Letter of Intent.