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Other Planned Gifts
Gifts of Real Estate

Real estate can be given outright to Andover Newton or used to fund a charitable remainder trust.  Using real estate to make a charitable gift can result in a significant reduction in probate costs and estate taxes.  If the property has appreciated a considerable amount, you can also save on capital gains taxes.  Funding a charitable remainder trust with a piece of real estate is a good way to turn it into an income-producing asset with no management and investment worries.

Gifts of Life Insurance

You can use life insurance that you no longer need to make a substantial charitable gift at little or no new cost to yourself.  Making Andover Newton both the owner and beneficiary of a paid-up policy entitles you to a charitable deduction at the time of the gift.  If you make Andover Newton both the owner and beneficiary of a policy on which you are still paying premiums, you can take a charitable deduction at the time of the gift and you may also deduct each premium payment as a charitable gift. Gifts of life insurance can also reduce probate costs and estate taxes by removing those assets from your estate.

Changing Beneficiaries

Contact your insurance company for its change of beneficiary form for your life insurance policy. If you would like to name Andover Newton as a beneficiary, simply decide what percentage of the policy's value (0 to 100 percent) you would like us to receive and name us, along with the stated percentage, on the beneficiary form. Then return the form to your insurance company.

For more information, please contact:

Institutional Advancement
Andover Newton Theological School
169 Herrick Road
Newton Centre, MA 02459
(617) 831-2409

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