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A gift in your will provides you with a flexible way to support what you care about at Breck. You can make great things happen for students and faculty in the future and provide continuity of excellence for Breck by making a gift to Breck in your will or living trust.

A gift in your will for Breck allows you to:

  • Make a gift while maintaining control of your assets during your lifetime
  • Designate your gift to support the Breck program or fund of your choice
  • Fund it with the assets of your choice
  • Protect those assets from the estate tax
  • Change your gift designation at any time during your life

In as little as one sentence, you can complete your gift. This type of donation to Breck School in your will or living trust, helps ensure that we continue our mission for years to come.

An Example of How It Works

Bruce JacobsonBruce Jacobson '66 has fond memories of his six years at Breck. Now retired from practicing medicine, Bruce and his wife Ann Morrissey took a careful approach to estate planning a few years ago. "I got some books, talked to friends and relatives and interviewed three attorneys," he says, "before I found the right person and the right advice." He and Ann feel strongly about making their wishes known and keeping their wills up-to-date. "No one really likes to think about it," Bruce observes. "It was hard to get started, but we worked together and feel confident that we can help support our favorite charities as well as family members."

Personal Estate Planning Kit

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Next Steps

  1. Contact Sara H. Jones, J.D. at 763.381.8208 or sara.jones@breckschool.org for additional information on bequests or to chat more about the different options for including Breck School in your will or estate plan.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Breck School in your plans, please use our legal name and federal tax ID.

Legal Name: Breck School
Address: 123 Ottawa Ave N, Golden Valley, MN 55422
Federal Tax ID Number: 41-0693894

A charitable bequest is one or two sentences in your will or living trust that leave to Breck School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give [the sum, percentage, or description of property] to Breck School, Golden Valley, Minnesota, to be used ['where it is needed most', or 'for the endowment', or 'for the ____ program endowment', or 'according to my written instructions on file with Breck School']."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Breck School or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Breck School as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Breck School as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Breck School where you agree to make a gift to Breck School and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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