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Planned Giving

Ensuring the Future of GPS

Leave Your Legacy With A Planned Gift

Generosity comes in many forms, and thoughtful giving is often the best way to express what matters most in your life. By remembering GPS in your estate plan, you become part of our beloved Cornerstone Society, a devoted, forward-thinking group of individuals who have chosen to leave their legacy by investing in the future of GPS, its mission, and the education of girls for generations to come. Thank you for considering a planned gift to GPS and playing an essential role in our school’s continued financial health and tradition of academic excellence for girls in our community.

There are several ways to leave a legacy gift to GPS,
but the most common are as follows:

List of 2 items.

  • + Bequest

    • A bequest is a gift of cash, stock, appreciated securities, real estate, or tangible property designated in your will or trust that comes directly to GPS upon your passing.
    • A revocable bequest can be revised any time, as your circumstances change.
    • An outright bequest may be fully deductible for estate tax purposes (consult you tax professional).
    • The most common and useful bequest is an unrestricted bequest, allowing GPS to use your gift wherever it is most needed.
    • Naming GPS a beneficiary of a specific amount or asset from your estate is easy. Just use the language below in your will or trust:
      • I give, devise, and bequeath to Girls Preparatory School the sum of $____(or _____% of my estate) (or description of specific property) for the benefit of GPS and its general purposes.
    If you don’t have a will or your will needs an update, use our estate planning tool at no cost to you. We’ve partnered with FreeWill to make giving easier than ever. Click GET MY FREE WILL to get started. It can take as little as 20 minutes to complete.
  • + Beneficiary Designation

    • You can name GPS as the beneficiary of all or a percentage of your
      • RETIREMENT PLAN (IRA, 401K, 403B), 
      • LIFE INSURANCE POLICY, 
      • DONOR ADVISED FUND, or  
      • COMMERCIAL ANNUITY
    • You may be able to escape both income AND estate tax levied on the residue left in your retirement account when leaving it to GPS
    • You can continue to take withdrawals during your lifetime
    • You can revoke GPS as a beneficiary if your circumstances change
    • It takes only four simple steps to name GPS as a beneficiary:
      1. Contact your retirement plan administrator, insurance company, bank or financial institution and request a change-of-beneficiary form.
      2. Decide what percentage (1 to 100) you would like to give and name Girls Preparatory School, along with the percentage you chose, on the beneficiary form.
      3. Return the completed form to your plan administrator, insurance company, bank, or financial institution.
      4. Contact GPS to let us know you have named GPS as a beneficiary and you will be welcomed into The Cornerstone Society.

List of 2 items.

Already included us
in your will/estate plan?

If you have already made a gift to GPS, please let us know. We would like to thank you and welcome you into the CORNERSTONE Society.

A gift for you and your future

Ready to start writing or updating your will and leave your legacy—for free? Use our online tool at no cost to you.

Have Questions?

If you have questions about making a legacy gift or would like more information about planned giving vehicles, please contact Ali Gant, Chief Development Officer, at AGant@gps.edu or 423-634-7688 or Lisa Reynolds Shanahan ’83, Director of Development for Major and Planned Giving, at LShanahan@gps.edu or 423-634-5436.

While we are always happy to talk to you, we would be remiss if we did not advise that you discuss your plans with your financial advisor or attorney.