Planned Giving 101

There are many ways to give to Worcester Prep. Please browse the options below for more information and consult your financial advisor and/or estate attorney to determine the gift that is right for you.

Estate Planning Process


Charitable Gift Annuities

This is a simple contract between you and us that pays you a fixed dollar amount for your lifetime. The older you are, the higher your annuity rate. If you use appreciated property to fund the gift annuity, you will escape the capital gains tax on the gift portion of the transaction. Plus, you are able to spread the remaining capital gains tax over your estimate life expectancy. You also receive a partial income tax deduction.

Charitable Remainder Trusts

A charitable remainder trust pays a fixed or variable income to the donor. The payments are made either for life or a period of time not to exceed 20 years. At the end of the trust’s term, the balance in the trust supports our mission. You’ll also receive a partial income tax deduction.


Memorial and Honorary Gifts

If you have a family member or friend whose life has been touched by Worcester Prep, we hope you'll consider making a gift to us in honor of that person. Providing a gift establishes a living tribute that allows you to:

  • Honor a loved one or yourself
  • Support our continuing efforts
  • Receive personal financial benefits from your contribution.

Charitable Lead Trusts

This type of charitable trust pays income to one or more charitable organizations, typically for a period of years, after which the remaining trust assets pass to family members.

Donor Advised Funds

A donor advised fund is a separately identified fund or account that is maintained and operated by a non profit organization. You can open one with a written agreement between you and the organization that gives you (or other family members) the right to recommend that distributions (i.e., grants) be made from your fund to NDP. One caveat: You cannot direct distributions. You have the right only to make recommendations regarding how much, how often and to which charities. Most donor advised funds will follow your advice if it is consistent with the fund's objectives and the selected charities are qualified charities.



Leave us a percentage of your estate. Or, make a bequest of money or a particular piece of property to our organization. Click Here to download the Charitable Bequest Intent PDF.

Beneficiary Designations

Continue supporting our work even after your lifetime by naming us as beneficiary of your retirement plan, life insurance or insurance annuity assets.

Endowed Gifts

When you make an endowed gift, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity. You can give cash, securities or other assets to an endowment you create. Or, you can contribute to our organization's already established endowment.

Give My Home, But Live There for Life

You can transfer the deed of your personal residence or farm to us now and keep the right to live in and use the property for your lifetime. You will receive a current charitable deduction in an amount that is based on your life expectancy and the value of the property.