Advisory Guide

Planned Giving Guide

Gifts from Wills and Trusts:

When making a charitable gift to a nonprofit organization, it is vital that the legal name of the charity, city, and other identifying details be included. To name Milton Academy in your will or trust, please use the language suggested below for the scenario that best fits your plans.

Residual Bequest Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to Milton Academy, Milton, MA,  (EIN 04-2103603) all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Bequest Language
You can also name Milton Academy as a beneficiary of a specific amount from your estate:

I give and devise to Milton Academy, Milton, MA,  (EIN 04-2103603) the sum of $ ________________________ (or "____ shares of __________________ stock") to be used for its general support (or for the support of a specific fund or program).

Contingent Bequest Language
Milton Academy can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert individual heir's name) is not living at the time of my death, I give and devise Milton Academy, Milton, MA,  (EIN 04-2103603) the sum of $ (or "all" or " ___________ percentage of the residue of my estate") to be used for its general support (or for the support of a specific fund or program).

Gifts of Appreciated Securities

Milton Academy's Broker:
DTC:
Attn:

,  

Account number:
Tax ID Number: 04-2103603

Beneficiary Gifts From Retirement Plans, Life Insurance, Brokerage Accounts, or Any Other Plan With a Beneficiary Designation:

Please contact your plan provider for a change of beneficiary form. Once you have filled out the form, please send a copy to Carol Giusti-Cahalane, Director of Development at carol_giusti-cahalane@milton.edu

Legal name: Milton Academy
Tax ID number: 04-2103603
Address: 170 Centre Street
Milton, MA 02186

Note To Attorneys, Accountants, and Other Professional Advisors:

Thank you for helping your client with their charitable planned giving. As a professional advisor, you build your client relationships on trust and mutual respect. The same is true for our relationships with our friends and donors.

We understand that financial, philanthropic, and estate goals are unique to the individual. For this reason, we welcome the opportunity to assist as you incorporate your clients' philanthropic objectives into well crafted estate plans. Furthermore, we encourage prospective donors to consult with their professional advisors before making decisions based on information we provide.

If you have any questions or concerns, please contact Milton Academy's Director of Development Carol Giusti-Cahalane at 617-898-2296 or email carol_giusti-cahalane@milton.edu.

Disclosure: This information is not intended as legal advice. For more specific advice, please consult your attorney or financial adviser.