Endowment

After Lee Pesky Learning Center was founded in 1997, Alan & Wendy Pesky made a thoughtful decision to direct the remainder of Lee’s estate to create a separate endowment fund to support LPLC’s work. This initial investment has grown into a source of strength for LPLC’s future.

As of June 30, 2019, the LPLC’s endowment is valued at $2.4 million.

Our endowment helps us make strategic decisions to increase our services and scale our impact.

With endowment, the principal of the fund is preserved and the income generated through careful investment can be directed to LPLC’s budget each year. The LPLC Endowment Board is responsible for overseeing the investment and distribution of funds from the endowment. The LPLC Board is responsible for overseeing the policies of receiving and using distributions from the Endowment and for making transfers of funds into the Endowment.

Our endowment provides budgetary support for all areas of LPLC – research, services, and training – and increases LPLC’s impact on student outcome.

We accept gifts of cash, check, credit card, and/or securities towards the endowment. If you would like to make a gift to the Lee Pesky Learning Center Endowment Fund, please contact our Advancement Director, at (208) 333-0008 or advancement@lplearningcenter.org.

Planned Giving

Lee’s Legacy Society recognizes those individuals who have chosen to include Lee Pesky Learning Center in their estate plans, helping to ensure our long-term fiscal health. By contributing in this way, you can decrease your income, capital gains, or estate tax liability and retain income. More importantly, you can ensure that Lee Pesky’s legacy lives on and that the people and programs you value most will continue to benefit for years to come.

There are many options to choose from when giving to Lee Pesky Learning Center. Start achieving impact where it matters to you with a gift today; or leave a lasting legacy of learning for every child with one of the planned giving options below

Give Later

Charitable Bequest

  • How it works:
    • Donor names Lee Pesky Learning Center (LPLC) in their will. Possibilities
      • Leaves a specific amount
      • Leaves a percentage of estate
      • Leaves a percentage of the remainder of estate (i.e., what’s left after certain distributions are made, for example, to loved ones)
      • These gifts can be unrestricted, or restricted for a particular purpose
  • Benefits:
    • These gifts pass to LPLC free of any estate taxes.
    • Removing these assets from the estate will lower the amount of taxable estate.
  • Ideal for:
    • Anyone who would like to leave a gift to LPLC
    • Anyone who is unsure about their expenses towards the end of life
    • Particularly valuable for those who are concerned about estate taxes

Charitable Gift Annuity or Trust

  • How it works:
    • Donor makes a gift to LPLC
    • LPLC pays donor a percentage of that amount per year, for life
    • Donor realizes a tax deduction in the year of the gift
    • Remainder (what’s left at the end of donor’s life) passes to LPLC for support of its mission
  • Benefits:
    • Meets charitable goals and provides an income stream for life
    • Diversifies retirement income
    • Provides a stream of income for life for the donor and/or a loved one
  • Ideal for:
    • Donors who wish to make a charitable contribution (and realize a deduction), yet who also need reliable income for retirement
    • Donors who wish to make a charitable contribution (and realize a deduction)who wish to provide an income stream for a third party (e.g., parent, assistant)

Life Insurance Policies

  • How it works:
    • Donor transfers ownership or names LPLC as beneficiary of their life insurance policy
  • Benefits:
    • Allows a donor to create a charitable legacy without invading cash and other assets designated for heirs or loved ones
  • Ideal for:
    • Anyone who would like to leave a gift to LPLC
    • Anyone looking to also provide for heirs or loved ones in a meaningful way
    • Anyone looking for tax relief

Real Estate or Tangible Personal Property

  • How it works:
    • Donor transfers ownership of a parcel of real estate to LPLC
    • LPLC sells the real estate and uses the net proceeds to support its mission
    • Can be used to fund a life income gift
  • Benefits:
    • Charitable income tax deduction for fair market value
    • Donor does not have to oversee the sale
  • Ideal for:
    • Donors who own real estate who no longer need it
    • Donors who prefer not to handle the sale of real estate themselves
    • Collectors
    • Owners of highly saleable assets

Download the Letter of Intent for Estate Gift Form

Retirement Plan or IRA Assets

Double taxation on retirement plan withdrawals decreases their value for your heirs. Consider providing other assets to heirs and naming the Lee Pesky Learning Center as the beneficiary of your retirement accounts. You can save taxes and preserve your hard-earned assets for the good of your community.

  • How it works:
    • Donor names LPLC as the beneficiary of retirement assets
  • Benefits:
    • Donor avoids double taxation on retirement plans, which decreases their value
    • Donor avoids income tax on IRA rollovers (up to $100,000 annually)
    • Provides other assets to be designated to donors heirs or loved ones instead
  • Ideal for:
    • Anyone who would like to leave a gift to LPLC
    • Anyone looking to also provide for heirs or loved ones in a meaningful way
    • Anyone looking for tax relief

No matter the method you choose, your gift will have an enduring impact on LPLC’s ability to create pathways to learning for everyone.

Ready to get started? Sample gift language can be found here. Please consult your financial planner or tax adviser to learn about your options and make a gift most suited to your own financial situation. For more information about a planned gift to LPLC, please contact our Advancement Director at (208) 333-0008 or advancement@lplearningcenter.org