Planned Giving
Planned Giving in Support of the Highland Park Schools
Over our lifetime, there are many people and institutions that have significant impacts on our lives. Among them are our families, our churches and our colleges and universities. Another very important influence on us, as we are growing into adulthood, is the community in which we were raised. One way to give back to that community is to help to ensure that the very heart of the community, its schools, stay strong and vital.
Giving Hope to Future Generations
When you support the Highland Park Education Foundation through a gift to the permanent endowment fund, you are helping to ensure that future generations have the opportunity to enjoy the highest quality of education. The Education Foundation is committed to building a significant endowment fund to maintain our commitment to excellence. These funds can not be diverted to any other use than to support the faculty, technology, and educational needs to secure the long-term excellence of Park Cities Schools.
Planned gifts are a simple and very effective way of making gifts to the community, as they can often result in larger donations while providing powerful tax benefits or sources of income to the donor.
Perpetuating Tradition through Planned Giving
Through the many planned giving options available, you and your family can benefit from making a gift to the Highland Park Education Foundation that is consistent with your own financial and estate planning needs.
There are many methods of deferred giving that can be of tax benefit to the donor, as well as making a significant difference to the schools and the community:
- Charitable Remainder Unitrusts and Annuity Trusts
- Charitable Gift Annuity
- Deferred Payment Gift Annuity
- Gift of Home, Farm, Ranch
A Gift by Will
A scholarship was established in 2002 by a generous bequest from Mr. L. E. (Luke) Marshall and his wife Evadna (Boots) Marshall. Luke and Boots did not have children of their own, but delighted in the children of friends and neighbors. The Marshalls made certain that their loved ones and institutions that had been important in their lives received specific proceeds from their estate. After all of those obligations were met, they decided to give away any remaining assets in support of the community that they loved so dearly. Through their gift of remaining assets, the Education Foundation was able to establish the Marshall Scholarship in their memory.
A carefully prepared will can achieve important tax and estate savings and allows you, rather than the state, to determine the disposition of your property. A gift by will allows an unlimited estate tax charitable deduction for gifts to the Education Foundation.
A Gift of a Retirement Account
"The success of this community has always been one of my highest priorities. After talking with my family and my financial advisor, I decided that one of the best ways to ensure the strength of the community was by giving my IRA to the Foundation. The entire amount can become a part of the permanent endowment in support of our schools. If I had chosen to leave the IRA to members my family, they would have had to pay both federal estate tax and federal income tax, leaving them with only 35% of the initial value of the IRA. It just made sense to me to have this lifetime of retirement savings benefit our community rather than having the amount decreased so significantly by taxes."
- Barbara Lomax Hitzelberger
A Gift of Life Insurance
"My family and I have been residents of the Park Cities for many years. All of our children and grandchildren have benefited from our excellent school system. As we began to plan our estate, we wanted to make a gift to our schools to insure that our great grandchildren and those who come after them can have the opportunity for the same wonderful education that we enjoyed. Our gift to the Foundation of the proceeds from a life insurance policy helps to assure that Highland Park Schools will continue that legacy of excellence."
- Don Houseman
Donor Appreciation
All planned giving participants will become members of the Education Foundation's Legacy Society and will be recognized on the Wall of Honor at the Highland Park High School. In addition, the Education Foundation has devised special recognition and naming opportunities for those participating in the Tartan Fund. This provides donors with the opportunity to perpetuate the name of a loved one, a family, or a special mentor or friend.
Each donor's circumstances differ, and individuals are urged to consult their legal and financial advisors about the planned giving vehicle that is right for them.
For more information about how you can make a gift to the Highland Park Schools through the Highland Park Education Foundation, please contact the Foundation office:
4201 Grassmere Lane
Dallas, TX 75205
214-780-3062
Or contact us online.
The Education Foundation is a tax-exempt entity established pursuant to Section 501(c)(3) of the Internal Revenue Code.
