Leave a Legacy

Making a legacy gift can be a smart and meaningful way to make an impact on Redwood Day students and the School for generations to come, while also meeting your own personal, financial, estate planning, and philanthropic goals. With thoughtful planning, it may be possible to increase the size of your estate and/or reduce the tax burden on your heirs. Many times, leaving a planned gift to the charity of one’s choice can enable a donor to leave a much larger gift than was possible during their lifetime.  There are many ways to make a legacy gift; below are two of the most common vehicles that our alumni, alumni families, parents, grandparents, and extended family use to leave a legacy and make a lasting impact on Redwood Day and its students into the future. 


Gifts Through Wills or Living Trusts

The amount left to the School (or any charity) can be expressed as a dollar amount or as a percentage of the assets to be given. Many people put aside a percentage -- which could be 10% or 20% -- for their favorite causes, while still leaving a large majority of their assets to family and friends. Others choose to make a charitable gift of whatever balance remains in a retirement account after bequests are made to your family, which may also save on taxes.

To make a gift to Redwood Day from your estate, you must sign a new will or living trust instrument, add a codicil to your present will, or make an amendment to your present trust instrument. We have provided sample language for a will or living trust


Gifts Through Retirement Plans or Life Insurance Policies

Gifts through retirement plans can be a tax-efficient and simple way of including Redwood Day in your estate plan. You can designate Redwood Day as a beneficiary of a retirement plan or life insurance policy. To do so, contact your retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form.

Most retirement plans (other than Roth IRAs) are subject to income taxes—and possibly estate taxes—if left to an individual beneficiary; however, a charity that is named as the beneficiary does not pay income or estate taxes on the distribution. Thus, the full value of what is distributed can be used by Redwood Day.


Advantages

Remembering Redwood Day with a bequest from your estate will help sustain and strengthen the School in years to come. Some of the advantages of creating a bequest include:
  • A bequest costs nothing now, yet gives you the satisfaction of knowing you created a lasting legacy for Redwood Day in the future.
  • You retain control of and use of your assets during your lifetime.
  • You may modify your bequest if your circumstances change.
  • Gifts to Redwood Day from your estate are exempt from federal estate taxes.
  • If you let us know of your plans, we will be able to thank you now and recognize you as a member of our Redwood Day Legacy Society.


Redwood Day Legacy Society

The Redwood Day Legacy Society honors those who have included Redwood Day in their estate plans. Legacy Society members are invited to our donor appreciation event every fall and acknowledged in our Annual Report. 


Let us Know

In addition to the step(s) above, please fill out this form for Redwood Day so we ensure your gift is designated and fulfilled according to your wishes. We look forward to recognizing you as a member of our Redwood Day Legacy Society! 


Questions?

Please contact Redwood Day’s Director of Advancement Rachel Cannon at rcannon@rdschool.org or 510.534.0800 x 284.


Redwood Day Tax ID Number and Legal Name

Redwood Day is a non-profit, 501(c)(3) corporation. Our tax identification number is 94-2289521 and our legal name is “Redwood Day School”.