"We prepare students to engage in the world that is and to help bring about a world that ought to be."
Retirement Plans & Life insurance
Retirement Plans & Life Insurance Policies
By naming Friends Seminary, a qualified non-profit, as a beneficiary of all or a portion of your life insurance policy or retirement plan (IRA, 401k or 403b) enables these assets may pass from your estate to Friends tax-free. When given to individuals as heirs, these assets are subject to personal and possibly estate tax.
Naming Friends as a beneficiary is easy to do. Simply complete the beneficiary designation form which your insurance policy provider or retirement plan administrator can provide. This can be done at no additional cost to you.
Like a bequest, a beneficiary designation allows you to:
Build a strong future for Friends
Reduce the tax liability of your overall estate by removing assets
"Contemplating my precious years at Friends Seminary, enjoyed over half a century ago, fills me with a great sense of gratitude ---gratitude for sparking a lifetime love of learning; for developing my sense of the world and my place within it; for lasting friendships that have defied both time and distance."
"It is in this spirit of gratitude and hope for the future that I have decided to give something back to the place that has given me and others so much. Over the years, I have marveled at the School’s increasing diversity and the expansion of curriculum to prepare students for the world ahead of them, all the while maintaining the core values which were so important in shaping my life. So I have made a provision for Friends Seminary in my Estate Plan. This gift enables me to plan for my own financial wellbeing while making a meaningful gift to the School."
"Friends Seminary, as a qualified non-profit, will receive a percentage of the balance of my IRA, tax free. If I were to give this to a family member it might be taxed at 39.6%. (I am aware that estates subjected to the full tax rate can result in a tax rate as high as 60%.) This gift has the added benefit of reducing the taxable portion of my overall estate."
"I realize everyone’s financial situation is different but I hope this brief missive inspires many in our ranks to do as I have done."
Friends Seminary actively promotes diversity, equity, inclusion, and anti-racism in all its programs and operations, including admissions, financial aid, hiring, and all facets of the educational experience. To form a community which strives to reflect the world’s diversity, we do not discriminate on the basis of race or color, religion, nationality, ethnicity, economic background, physical ability, sex, gender identity or expression, or sexual orientation. Friends Seminary is an equal opportunity employer.