Planned Giving

Let us help you sustain the school that you love and that Dr. Hans Froelicher Sr., one of the founders and the first President of the Board of Trustees of The Park School, had in mind.

A planned gift to Park provides membership to the Hans Froehlicher Society. Planned gifts can be donated in one or more of the following ways:

  • Establishing a Charitable Remainder or Charitable Lead Trust with The Park School of Baltimore as the beneficiary.
  • Naming The Park School of Baltimore as the owner and beneficiary of a life insurance policy.
  • Naming The Park School of Baltimore as a beneficiary of a retirement asset.
  • Gifting personal property or real estate to The Park School of Baltimore.

All members of the Hans Froelicher Society will receive the commemorative HFS pin, celebrating the vision and progressive ideals established in part by Hans Froelicher Sr. Membership in the Hans Froelicher Society is also recognized annually in a listing of all Society members, invitations to special events, and through publications and events throughout the year.

Contact the Development Office at 410-339-4146 / development@parkschool.net to learn more.

This webpage is for informational purposes only. Please consult your personal financial advisor, attorney, or accountant regarding the creation of a planned gift.

Additional Information About Planned Giving

BEQUEST

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A bequest is a provision in the donor’s will or in a codicil to the will that provides for a gift of a specified amount or percentage of the donor’s estate.

Benefit to the Donor

The donor receives an estate tax charitable deduction. In addition, the donor does not pay capital gains tax on appreciated property or real estate left to the school.

Benefit to Park

The school receives the bequest in the form of cash, personal property, securities, or real estate upon the donor’s death.

RETIREMENT ASSETS

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The donor identifies a percentage or dollar amount of a retirement account such as an IRA, 401(k), or 403(b), to be given to Park upon death.

Benefit to the Donor

The amount passing to the school is not subject to either income tax or estate tax as it would have been had the retirement assets been left to an individual.

Benefit to Park

The school receives the full value of the retirement asset without any reduction for income or estate tax.

LIFE INSURANCE

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The donor makes Park the owner and beneficiary of a life insurance policy. The donor gives Park a cash gift each year in the amount of the annual premium, and then Park pays the premium to the insurance company.

Benefit to the Donor

The donor receives an income tax deduction for cash contributed to the school to purchase the policy and/or to pay premiums. In addition, the proceeds of the policy are not subject to estate tax.

Benefit to Park

The school receives the face amount of the policy upon the donor’s death free of estate and income tax.

CHARITABLE LEAD TRUST

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A charitable lead trust provides income to Park for a specified term of years. When the trust terminates, the principal goes to the persons designated by the donor.

Benefit to the Donor

The donor receives an upfront income tax deduction for the present value of the future income stream to Park. When the principal passes to the beneficiaries, the gift tax is reduced or eliminated.

Benefit to Park

The school receives income each year during the term of the trust.

CHARITABLE REMAINDER TRUST

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A charitable remainder trust is the reverse of a charitable lead trust. Income is paid to the donor, or someone the donor designates, for a specific term of years or for life. When the trust terminates, the principal goes to Park.

Benefit to the Donor

The trustee, who the donor selects, can sell the trust assets, without incurring a capital gains tax, and invest the proceeds to provide a higher annual return. In addition, the donor receives an immediate income deduction for the value of the deferred gift.

Benefit to Park

The school receives the principal of the trust at the end of the specified term.

REAL ESTATE

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The school may receive either: 1. an outright gift of real estate or 2. a deferred gift of a home that the donor continues to occupy for the rest of his or her life.

Benefit to the Donor

In the first instance, the donor receives an income tax deduction for the fair market value of the home. In the second instance, the donor receives an income tax deduction, when the arrangement is created, for the present value of the deferred gift. In both situations, the donor does not pay capital gains tax on appreciated real estate.

Benefit to Park

The school can sell the property and have the immediate use of the proceeds without incurring capital gains tax. If appropriate, the school can retain the real estate for its own use.

PERSONAL PROPERTY

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The school also accepts gifts of personal property, such as paintings, silver, valuable stamp or coin collections, or other items of value. Please contact the Development Office for more information.

Benefit to the Donor

The donor receives an income tax deduction for the fair market value of the property. In addition, the donor does not pay capital gains tax on appreciated property.

Benefit to Park

The school can sell the personal property free of capital gains tax and have immediate use of the proceeds, or it can retain the property for use in its educational program