In 1916, Sarah Frazer Ellis established "not a large school but a sound and thorough one" to prepare young women for “the rigorous admission requirements of the Eastern women's colleges.” During the 100 years that have passed since the school’s founding, The Ellis School’s mission has evolved beyond just preparing our graduates for college. Today, The Ellis School prepares, empowers, and inspires women to take on the world. Just as The Ellis School’s founding in 1916 laid the groundwork for today’s achievements, support of dedicated donors who plan for Ellis through their estates ensures tomorrow’s continued success. Thank you for your interest in how your gift plans can benefit you and The Ellis School by establishing a lasting legacy through charitable contributions. There are many ways to extend your support of The Ellis School and to make a lasting impact on the many generations of Ellis girls who will follow in your footsteps.
The Ellisian Society was created to recognize and thank those whose thoughtful planning will benefit future generations of students, faculty, facilities, and/or programs at The Ellis School. To learn more about this special group of supporters, or to let us know of your charitable plans, please contact the Development Office at 412-661-6796.
Ways to Give
Gifts by Will or Living Trust through a Bequest
A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit The Ellis School. No other planned gift is as simple to implement or as easy to change should you wish to do so during your lifetime.
Types of Bequests:
Restricted: A restricted gift is given to Ellis with instructions for a specific purpose, such as support for financial aid or curricula/programming that is important to you. Please consult with the Development Office prior to establishing your restrictions to ensure that Ellis is able to carry out your wishes.
Endowed: When you specify that you intend for your gift to be endowed, the principal amount of your gift will be invested and the investment income will be used for the ongoing support of Ellis. If your gift is in the amount of $150,000 or more, you may create your own named endowed fund. If you would like to make an endowed gift but your gift is less than $150,000 or you do not wish to create your own separate endowed fund, the School will invest your gift with the rest of the School’s general endowment. By adding to the endowment, your funds can grow over time. This approach assures that your gift will continue to benefit Ellis long after you are gone. An endowed bequest can be restricted or unrestricted.
Bequest Language for Donors
The following is intended to assist you and your attorney in drafting a bequest that meets your individual interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding The Ellis School, be sure the School's correct legal name appears in all final documents as:
"I give to The Ellis School, a nonprofit corporation currently located at 6425 Fifth Avenue, Pittsburgh, PA 15206, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and/or specific purpose."
To let us know that you have included The Ellis School in your estate plan, please complete a Gift Confirmation Form so we can recognize and thank you as a member of the Ellisian Society.
Distribution from an IRA
If you are 70½ years old or older, you can take advantage of a simple way to benefit The Ellis School and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. One of the key benefits of the direct charitable contribution from your IRA is that the distribution counts towards your Required Minimum Distribution (RMD). You can contribute more than your RMD to charity as long as you do not exceed $100,000 in a calendar year.
This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future.
Designating a beneficiary
A beneficiary designation is one of the simplest ways to make a gift to The Ellis School. This type of gift requires the single act of filling out a form. You can specify the individuals and charities you want to support and you can also specify the percentage of the assets you want each beneficiary to receive.
Beneficiary designations are available when giving the following assets:
Life Insurance: Life Insurance policies may also be used to make a gift to Ellis. You can arrange this type of gift by submitting to the insurance company a form designating that The Ellis School receives all or a portion of the death benefits associated with your life insurance policy. As an alternative to naming Ellis as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.
The Ellis School does not provide tax, legal, or accounting advice. This language has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.