Give for the Future

>> Giving to the Village School 

Village School Endowment

Your lasting gift of any size will help ensure that the Village School of North Bennington mission continues to benefit future generations of Village School children. The Village School’s Endowment is invested in the Vermont Community Foundation’s socially responsible investment fund. Every year approximately 5% of the Endowment’s value is withdrawn to benefit the Village School. The principal is secure, and, with time, the endowment will grow as investment gains exceed the spending rate, allowing for increased support that can offset the effect of inflation. 

Endowment Funds are governed by the Uniform Prudent Management of Institutional Funds Act. This law dictates “prudent” investment and use [??] of all endowment funds. 

Gifts of any size may be added to the existing endowment fund:

Planned gifts can be made through the Vermont Community Foundation for the benefit of the Village School. Please contact…

• Starting an [adj here to distinguish from above] Endowment…

Text depends on what is decided (what minimums, naming fund opportunities, etc.)  New funds (unrestricted or restricted may be created with a minimum gift of $XXX.

For more information on giving to endowment, contact Head of School Tim Newbold at 802-442-5955 or tnewbold@vsnb.org.

Planned Giving

Planned Giving offers a variety of ways to support your current and future needs, provide for loved ones, and support the Village School of North Bennington in the future. The Village School works in partnership with the Vermont Community Foundation to offer a full range of planned giving services for donors interested in giving to the Village School now and in perpetuity.

Some suggestions for planned gifts are below, please contact Head of the Village School Tim Newbold at tnewbold@vsnb.org or 802-442-5955 x201, the Vermont Community Foundation, or your financial advisor to learn more about these options and others.

Gifts from Your Retirement Plan

Perhaps the easiest way to make a planned gift is to name The Village School of North Bennington as a beneficiary of your IRA, 401(k), 403(b) or other retirement plan. Simply get a change of beneficiary form from your plan provider and make the change! This can often be done online at your provider’s website or on their mobile app.  There’s no need for a lawyer, it’s easy and revocable, and there’s no income tax on the distribution that comes ultimately to the Village School of North Bennington.

Bequests

Including the Village School of North Bennington in your will or estate plan is as simple as inserting this language in your will: “I give________ [specific dollar amount or percent of your estate] to the Village School of North Bennington, having its principal offices at 9 School Street, North Bennington, Vermont 05257, for its general purposes.”

Gifts of Life Insurance

If you give the Village School of North Bennington a life insurance policy, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after making your gift, the premiums are also tax-deductible.

Gifts of Real Estate

You could deed your home or other real property to the Village School of North Bennington, but retain the right to live in it for the rest of your life, a term of years, or a combination of the two. (You could, of course, donate your house to the Village School of North Bennington in your will, but you would not receive an income tax deduction, as you would if you made the gift during your lifetime.)

Gifts that Provide Income

These include charitable remainder trusts, deferred gift annuities, and more. Visit our “Gifts that Provide Income” page (UPDATE AFTER WE SEE EXAMPLE: https://www.vermonthumanities.org/support-us/planned-giving/gifts-that-provide-income/) to learn more about these options offered in partnership with the Vermont Community Foundation.