Frequently Asked Questions

• Can I create income with my gift?

  Yes! Lovett has plans for Gifts That Pay You Income.. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs.

• I am unable to make a current gift, but I'd still like to support Lovett in the future. Any ideas?

  An easy and low-cost way to make a gift to Lovett is to include our organization in your will or revocable trust. Gifts by Will are a major source of endowment support at Lovett. Each individual legacy contributes to our financial strength and ability to meet the needs of our teachers, students, and their families. If you have not already done so, please consider putting Lovett in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate Lovett the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.

• What asset should I use to make my gift?

  While cash or a check is a simple way to make a gift, you might want to consider the following:

  Gift Type	Possible Benefits
  Cash	Current income-tax deduction
  Appreciated securities, such as stocks, bonds, or mutual funds	Elimination or reduction of capital-gain tax Current income-tax deduction Generate income
  Make Lovett the owner and beneficiary of life insurance or annuities	Income- and estate-tax savings

   

• Can I direct how Lovett will use my gift?

  Most often the answer to this is “yes”! Some donors direct that their gifts be used to create a named endowed fund that fund specific programs, support specific departments, or remember a loved one. Others choose to give in an unrestricted manner to allow the school to decide where it’s most needed. Please be sure to discuss this when you make your gift.

• How will Lovett recognize my gift?

  Your gift will be listed in the Annual Report of Donors in the year you make the gift. If your gift is a bequest commitment or through life insurance, life-income plans, or lead trusts, you will become a permanent member of Lovett’s Legacy Society. Of course, we will also honor any requests for gifts to be anonymous.

• Why should I consider a gift to Lovett?

  Gifts are made for many different reasons. Often gifts are made:

  • To express gratitude for the education you received.
  • To honor a loved one.
  • To ensure Lovett will remain a vibrant and strong place for today’s future students.
  • To help Lovett provide the very best education to all of our students as well as recruit and retain the best teachers
  • To celebrate a special occasion.

Please contact the director of major gifts and planned giving for more information.