Planned Giving: An Enduring Impact on Sandia Prep
The Simms Society is named for the school's founder, Barbara Young Simms, and honors donors who have made planned gifts to the school. Whether it be a life insurance policy, bequest, permanent endowment, IRA, or charitable gift annuity, Simms Society members have created a legacy that will benefit students, teachers and programs for generations.
Estate Plan Gifts
You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming Sandia Prep School as a beneficiary of a retirement plan or life insurance policy. The amount left to the school can be expressed as a dollar amount or as a percentage of the assets to be given.
Life Income Gifts
A life income gift allows you to give assets to Sandia Prep School while providing yourself or others with income for a period of time before Sandia Prep School is permitted to use your gift. You may make a life income gift by transferring securities, cash, or other property to Sandia Prep School or a trustee. The School or the trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiariesâ lives or, in some cases, for a term of up to 20 years.
Charitable Gift Annuities
In exchange for an outright gift, Sandia Prep School agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life.
Charitable Remainder Unitrusts
You establish a trust from which you and/or other beneficiaries receive annual payments of a fixed dollar amount for life and/or a term of years, after which the remainder of the trust assets pass to Sandia Prep School for the purposes you designate.
Pooled Income Funds
Your gift goes into an investment pool that functions like a mutual fund. Investment returns are paid to you and/or other beneficiaries for life, after which your gift is withdrawn and used to support your designated purpose at Sandia Prep School.
Charitable Lead Trusts
A charitable lead trust makes an annual payment to Sandia Prep School for a period of years, and at the end of the term, the remaining assets go to your children or other beneficiary.
Donor Advised Funds
A donor advised fund allows you to make a tax-deductible gift to Sandia Prep School to establish a fund today, and later advise the school on how you would like the gift used. At least half of the gift must be designated to Sandia Prep School, and the rest may support other charities.
Director of Development