What is planned giving?
"Planned giving" is a term commonly used to describe a wide variety of giving vehicles that allow you to give to The Albany Academies during your lifetime and/or after your death, while meeting your current income needs and providing for your heirs. Planned giving is typically done in conjunction with estate planning, and is a viable option for donors of all income levels.

A planned gift to The Albany Academies is attractive for many reasons. It may allow you to make larger gifts than you otherwise could out of your current assets. Depending on how a planned gift is set up, it may also let you receive a stream of income for life, earn higher investment yield, or reduce your capital gains or estate taxes.
 
The Henry Pitt Warren Society at The Albany Academy
Initially known as the Cornerstone Society, the Henry Pitt Warren Society was established to recognize the generosity of all planned giving donors to The Albany Academy. The Henry Pitt Warren Society honors and seeks to perpetuate the tradition of giving back to the Academy. The Albany Academy has benefited from the generosity of loyal alumni, parents and friends who have included the Academy in their estate plans. Their special gifts have helped provide scholarships for deserving students, endowments for our programs and vital support for the instructional and research activities of our faculty.
 
The Twenty Bridges Society at Albany Academy for Girls
The Twenty Bridges Society was established in 1999 to honor dedicated former faculty Martha Decker, Class of 1910. The society acknowledges and recognizes those donors who have made a provision for AAG in their estate plans. All donors who provide for Albany Academy for Girls through their estate plan will become members of the Twenty Bridges Society.

Planned Giving Options

The most common types of planned giving vehicles are bequests, gift annuities, charitable remainder trusts and charitable lead trusts.
 
Bequests
The easiest and lowest-cost way to make a gift to The Albany Academies is to include the school in your will or revocable trust. By remembering Albany Academy for Girls & The Albany Academy in this way, you will help to ensure financial strength and academic excellence for many years to come. You may designate that the school receives a specific dollar amount or a specific piece of property or a percentage of your estate. The language is simple: "I give, devise, and bequeath to The Albany Academies, Albany, New York (insert the dollar amount, or piece of property, or desired percentage) in support of the school's general purposes." This is sample wording for an unrestricted bequest, which allows the school to use the gift however it is needed most, providing the school with the greatest amount of flexibility.
 
Charitable Gift Annuities
A charitable gift annuity provides you with lifetime income. To establish a gift annuity, you contribute funds or assets to The Albany Academies, and the Academies in turn make fixed annuity payments to you from its general assets for the rest of your life. You receive an immediate income tax deduction for a portion of the gift, and a portion of each annuity payment is treated as a tax-free return of the investment. The portion of the gift not used for payments benefits The Albany Academies.
 
Charitable Remainder Trusts
A charitable remainder trust allows you and/or other designated beneficiaries to receive income from a trust for your lifetime(s), or for a period of years not to exceed 20. At the end of that time, the balance of the trust is transferred to The Albany Academies. You can take a charitable deduction for a portion of the gift you make to the trust in the year the trust is formed (in some cases, additional funds may be added in later years). The two most common types of charitable remainder trusts are annuity trusts and unitrusts, which differ in how the income you receive from the trust is calculated and distributed.
 
Charitable Lead Trusts
A charitable lead trust allows you to designate The Albany Academies to receive a regular, fixed amount from a trust for a specified time period or the lifetime of a designated person. At the end of that time period, the remainder of the trust passes to your designated heirs or other non-charitable beneficiaries.
 
Individual circumstances may differ, so we encourage donors to seek advice from their own legal and financial advisors. We are grateful for all types of gifts and welcome the opportunity to work with you and your personal advisors to determine if one or more planned giving vehicles are appropriate for you.
 
For more information on planned giving, please contact Director of Institutional Advancement Ann Wendth at (518) 429-2385 or wendtha@albanyacademies.org.

The Albany Academies

The Albany Academy: 135 Academy Road - Albany, NY 12208
518.429.2300  Fax: 518.427.7016 

Albany Academy for Girls: 140 Academy Road - Albany, NY 12208
518.429.2300  Fax: 518.463.5096

Schellenberger Alumni/ae Center: 93 Academy Road - Albany, NY 12208
518.429.2414 Fax: 518.429.2380

Our Mission

Who We Are: The Albany Academies—The Albany Academy and Albany Academy for Girls—develop capable and confident students through single-gender education in the Lower and Middle School, and through coordinate education in the Upper School.

What We Do: Employing individualized and positive education, The Albany Academies provide students with the knowledge, skills, and character needed for leadership and success in the creative, entrepreneurial century that lies ahead.