Legacy Giving

Make an impact that lasts beyond your life by leaving a legacy gift to CA.

The easiest and most common way to make a legacy gift is through your will or living trust, known as a charitable bequest. With this simple, flexible, and versatile form of giving, you will receive recognition now for a gift that arrives in the future.

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Will or Trust

A bequest to Colorado Academy in your will or living trust can make an impact that lasts beyond your lifetime. A gift may be made for general purposes or may be restricted for a specific use. Most commonly, gifts are made in the form of a percentage of the estate or as a specific amount. Please contact Gravely Wilson, Advancement Officer, 303-914-2543 for additional information and suggested wording.

Donors may arrange for a gift that allows them to retain the income from the gift for life (or the lives of donor and spouse) before the gift ultimately goes to Colorado Academy. This is an ideal way to provide for CA's future without sacrificing investment income and to receive significant income, gift, and estate tax benefits. Such gifts are usually made in one of the following forms:

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Charitable Remainder Trusts

This separately identified trust may be established with a minimum contribution of $100,000. The donor is entitled to a charitable contribution tax deduction for the value of Colorado Academy's remainder interest in the trust. Value will depend on the IRS discount rate in effect at the time of the gift, the age(s) of the income beneficiaries, and the frequency of payments. Please contact us for information on the various forms of charitable remainder trusts.
Gift Annuities

A charitable gift annuity is a gift to Colorado Academy in exchange for a lifetime annuity payment. The amount of the annuity payment (which remains constant during your lifetime) is determined by age(s) of the annuitants at the time the gift is made, the IRS discount rate in effect at the time of the gift, and the amount of the assets given. Establishing a gift annuity requires a minimum gift of $10,000.

There are many other legacy giving options - all of which ensure that your impact at Colorado Academy lasts well into the future.

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Retirement plan assets

Retirement plan assets and assets held in individual retirement accounts (IRA’s) are a popular vehicle for charitable gifts at death. By simply designating Colorado Academy as your beneficiary, the IRA becomes a tax free gift to CA. Otherwise it may be taxable to heirs.
Life Insurance

Donors who assign ownership of a life insurance policy to Colorado Academy receive an immediate charitable deduction equal to the lesser of the donor’s basis or the policy’s net cash value. If the donor continues to pay premiums, he or she receives an additional deduction for amounts paid.
Real Estate

A gift of real estate such as a residence, a farm, commercial property, or undeveloped acreage can provide significant benefits to Colorado Academy and to you. A gift of unmortgaged real estate held for more than one year will generate an income tax deduction based on the fair market property value at the gift date. The donor is not required to recognize any capital gain on the transfer to CA. For gifts of real estate valued at $5,000 or more, the donor must obtain a qualified appraisal.
Gifts of tangible property

You may own works of art, stamps, coins, or jewelry that you wish to donate. If you have owned this property for more than one year, and the property can be used by Colorado Academy to further its exempt purposes, you may claim a deduction for the full fair market value of the property on the date of the gift.

The Musil Society

Follow in the footsteps of CA's first legacy gift donor - A.J. Musil

Legacy donors are recognized as members of CA’s Musil Society. A.J. Musil, a CA teacher and administrator, was a fixture on campus from 1961 until his death in 1991. When he died, Mr. Musil left almost all of his estate to CA to establish the A. John Musil Endowed Scholarship Fund that provides tuition assistance for CA students. In his own quiet way, he was a trailblazer—the first to leave a lasting legacy at CA. In 1992, the Musil Society was created in his honor to recognize those who have included CA in their estate plans.

Include CA in your estate plans today and become a member of the Musil Society.