Planned Giving

The simplest way to remember McDonogh in your estate plans is to include the school in your will. This can be done by simply adding the following paragraph to your will: I give, devise, and bequeath to McDonogh School of Owings Mills, Maryland, the sum of $_____ (or a percentage or a description of the specific asset), for the benefit of McDonogh School and its general purposes.

A bequest can be unrestricted allowing McDonogh to use the gift where it is needed most, or it can be restricted for a specific purpose such as scholarship, faculty development, or student programs.

• Contact your retirement plan administrator, bank, or financial institution for a change-of-beneficiary form.
• Decide what percentage (1 to 100) you would like the school to receive and name McDonogh School, along with the percentage you chose, on the beneficiary form.
• Return the completed form to your plan administrator, bank, or financial institution.

• Contact your insurance company for a change-of-beneficiary form.
• Decide what percentage (1 to 100) you would like the school to receive and name McDonogh School, along with the percentage you chose, on the beneficiary form.
• Return the completed form to your insurance company.

Charitable remainder trusts allow you to put a gift of cash or property into a trust that pays you income during your lifetime (or a fixed period of time up to 20 years). After your death, the trust is dissolved and the gift is given to McDonogh. In addition to the supplemental income during your lifetime, you also receive a charitable tax deduction in the year the trust is created. Additionally, capital gains are not incurred if the trust is created with appreciated securities.