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Legacy Challenge

Double the impact of your planned gift

 

“Legacy donors are the founders and framers of Peddie’s future. They will shape the hearts and minds of generations of students whose names they will never know, whose faces they will never see, but whose lives they will touch in foundational and enduring ways.”  

— Head of School Peter Quinn

Thanks to a remarkable challenge from a generous alumnus, you can double the impact of any new planned gift you create before June 2023. All new planned gifts will be matched dollar-for-dollar, up to a cumulative total of $5,000,000. 

These legacy gifts will create life-shaping experiences for future Peddie students during the most formative time of their lives. Craft your legacy knowing it will strengthen Peddie’s commitment to developing students with the highest qualities of citizenship.

JOIN THE CHALLENGE TODAY

To participate in this challenge you must: 

  • Reach age 70 by June 30, 2023.
  • Make a planned gift to Peddie by June 2023 (see the “Qualifying Gifts” section below).
  • Tell us about your planned gift to ensure it qualifies for the match.

Begin your conversation with Peddie to learn more about how you can benefit from a planned gift and double your impact through the One Peddie Legacy Challenge!

 

QUALIFYING GIFTS

Bequest in your
Will or Living Trust

Name Peddie as a non-contingent beneficiary or establish a bequest that will come to Peddie after a spouse passes. 

Beneficiary of your
IRA or Mutual Fund

With one simple form, you can make Peddie a non-contingent beneficiary of your retirement account or mutual fund. 

Life Income Gift

Create a charitable gift annuity* or charitable trust that names Peddie as an irrevocable beneficiary and receive tax benefits and lifetime income for yourself and/or a loved one. 

*Gift annuity rates range from 4.7% to 8% depending on the age of the beneficiary. 

Looking for more predictable returns?

CHARITABLE GIFT ANNUITY ONE-LIFE PLAN ($50,000)
Age Payment Rate Annuity Deduction

70

4.7%

$2,350.00

$19,907.50

75

5.4%

$2,700.00

$22,542.00

80

6.5%

$3,250.00

$24,522.50

85

7.6%

$3,800.00

$27,682.00

CHARITABLE GIFT ANNUITY TWO-LIFE PLAN ($50,000)
Age Payment Rate Annuity Deduction

70/70

4.2%

$2,100.00

$15,299.00

75/75

4.6%

$2,300.00

$19,059.50

80/80

5.4%

$2,700.00

$21,320.00

85/85

6.5%

$3,250.00

$23,566.50

 

 

Both charts above are based on the IRS discount rate of 1.2% for August 2021. 

*The information does not attempt to explain how a gift to a charitable gift annuity may fit your particular financial or tax situation or that of any annuitant.  Nor does it provide information on the tax consequences of your gift.  Because the financial and tax consequences of a charitable gift annuity depend on the donor’s and annuitant’s personal circumstances, it is important for you to consult with your personal tax, financial or estate planning advisors.