Giving
Legacy Society

Gifts that Return Income

Gifts that Return Income

These plans ensure you (and even a survivor) payments for life as well as substantial tax savings. You can convert low-yielding assets into a higher income stream. You transfer assets to the plan now, and Jackson Prep will receive the remainder after the beneficiary’s lifetime.

List of 3 items.

  • Charitable Gift Annuity

    In return for a charitable gift, Jackson Prep will make fixed payments to you and a maximum of one beneficiary for life. At the death of the last beneficiary, Jackson Prep will use the remaining balance of the annuity for the purpose specified when the gift was made by contractual arrangement.
  • Charitable Remainder Trust

    Funded with cash, securities, or other assets, CRT’s are individually managed irrevocable trusts that pay you either a fixed percentage of trust income or a fixed dollar amount on an annual basis.They provide for and maintain two sets of beneficiaries—income beneficiaries (you and, if married, a spouse) and Jackson Prep, if selected, would receive the principal of the trust after the income beneficiaries pass away.
  • Life Insurance

    An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. A gift of life insurance may directly fund a gift, permitting you to make a substantial gift to Jackson Prep (face value of policy) for a relatively modest annual outlay (the premium payment). You may contribute either a new policy or allocate a portion of an existing policy, naming Jackson Prep as a primary or contingent beneficiary.
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What do you do next?

  1. Contact Stacey Ferreri at 601-939-8611 or sferreri@jacksonprep.org to talk about supporting Jackson Preparatory School through a legacy gift.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Prep in your plans, please use our legal name and Federal Tax ID.
Legal Name: Jackson Preparatory School Foundation
Address: PO Box 4940
                Jackson, MS 39296
Federal Tax ID Number: Please contact us for our federal tax ID number.

The information in this brochure is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Additionally, all gifts are subject to review by the Gift Acceptance Committee before being accepted by the School, and are subject to the School's Gift Policies and Guidelines.
3100 Lakeland Drive, Flowood, MS 39232 | 601-939-8611
Mail: P.O. Box 4940, Jackson, MS  39296 | prep@jacksonprep.net
Equipping students to lead lives of distinction in service to society