What kind of lasting charitable legacy do you want to create with your planned giving? Would you like to support a particular program? Establish a scholarship? Endow a department Chair? Make a distinctive reunion gift? Make a gift in someone’s memory?
When you include Gould in your estate planning you combine your personal values and your financial goals in a meaningful way.
It is easy to make a gift that provides the maximum benefit to you, your family, and Gould.
- Make a bequest in your will
- Designate Gould as a beneficiary of a life insurance policy
- Designate Gould as a beneficiary of a portion of your retirement plan
- Create a trust that provides annual income to your survivors and ultimately reverts to Gould
- Create a trust that provides income to Gould and ultimately reverts to your survivors
- Donate property
IRA Charitable Rollover
The IRA Charitable Rollover Provision allows individuals who have reached 70 ½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income. This provision was recently reinstated and made permanent.
To learn more, speak with your financial advisor or contact the Gould Academy advancement office at 207-824-7762 or email Amy Connell.
Notable Legacy Gifts
Since the founding of the school in 1836, many Gould alumni, trustees, families, and friends of the school have included Gould in their estate plans. Some of our more notable gifts:
The first legacy gift to the “Bethel Academy” was made in 1842 by the Rev. Daniel Gould, who chose to leave his estate in such a way to further education and to perpetuate his own name.
Alumnus Melville C. Day only attended Gould Academy for half a year and eventually graduated from Phillips Academy. However, he chose to leave a generous gift to Gould when he died in 1913 because “I have always felt deeply grateful to the school for a little of the right kind of help given me at a critical period of my life.”
When alumnus and benefactor Liberty Holden (Class of 1853) passed away in 1915, he bequeathed his estate with the intention that the proceeds be endowed for the upkeep of Holden Hall. He also gave his extensive collection of books to Gould’s library.
Gould alumna and teacher Muriel Park Mason (Class of 1917) donated her estate in 1994, resulting in the largest ever bestowed on the Academy. Her $5.4 million gift included cash, her home and property, and 36 acres of forest land.
In 2007 Rosemary Kelley (Class of 1951) left a substantial gift to endow a scholarship in her name.
Many other generous donors have made gifts of a lifetime by including Gould Academy in their estate plans. Their gifts have varied in size and nature, but their impact will be felt across the campus for generations to come.
Join The William Bingham II Society
William Bingham II was perhaps the most important philanthropist in Gould’s history. Mr. Bingham helped guide Gould’s growth as a school in the early 20th century and the legacy he left behind continues to impact faculty and students today. When you make a planned gift to Gould, you become a member of the William Bingham II Society. The William Bingham II Society recognizes and honors those who have chosen to tie their personal legacy to Gould’s to safeguard the academy’s excellence for generations to come. Many others have formalized their plans, and today, the William Bingham II Society has more than 70 members. Will you join them? To learn more, contact the Gould Academy advancement office at 207-824-7762 or email Amy Connell.