Planned giving is crucial in providing Haystack with financial stability and in determining the future health of the school—enabling the school to plan for the long-term and continue the school’s leadership role in the international craft world, maintain our award-winning campus, attract faculty and students, and explore and develop innovative programs—all of which create memorable and transformative experiences. There are many types of planned gifts, ranging from the simple, such as bequests of life insurance, to the more complex, such as charitable remainder trusts. All planned gifts have tax benefits, and planning should occur with the consultation and advice of a professional advisor. Donors may specify how the gift is used, whether for programs, scholarships, facilities, or outreach.

Haystack’s Employer Identification Number (EIN): 01-0243548

 

“To say thank you for all that it does to make the world a better place for so many, I have decided to include Haystack among my beneficiaries. I know that it changed my life…”
Mary Nyburg (1918 - 2006), Haystack Life Trustee

Ways to Give:

  • Bequests:

A lasting contribution can be made by naming Haystack as a beneficiary in your will or trust.

  • Charitable Gift Annuities

ACGA Single Life Gift Annuity ChartGifts of $25,000 or larger will result in a life income to the beneficiary. A sample illustration of tax benefits can be provided upon request. For some of Haystack’s donors, ongoing sources of income after retirement are necessary.

On November 6th the American Council on Gift Annuities (ACGA) board examined the assumptions that underlie the gift annuity rate schedules and determined that it would make no changes to the suggested maximum rates originally published as of January 1, 2012 (see chart below). The rates reflect the long-standing residuum target of 50%, plus a lower investment return assumption.

The rates for Single Life and Two Lives–Joint and Survivor, are posted on the ACGA website or your may download the ACGA Annuity Rates file.

For a quick review, the chart on the right shows rates for Single Life Gift Annuity.

  • Charitable Remainder Trusts and Charitable Lead Trusts

Dollars or other assets are donated to Haystack—donors receive an income stream from the property and when the annuitant(s) passed away the remainder goes to the school.

  • Life Insurance & Retirement Plans

Donors may deduct insurance premiums by assigning a life insurance policy to Haystack as owner and beneficiary.

  • Haystack Circle

In 2004, the Haystack Board of Trustees established the Haystack Circle to thank those who have provided for the school in their estate plans. Circle members are mentioned in school publications, receive special mailings about Haystack programs and events, and will be recognized in various ways throughout the years.

 

It is recommended that donors consult with their attorney or financial planner in deciding which type of planned giving option best suits their circumstances.

 

For more information about planned giving options, contact Development Director, Ginger Aldrich, at development@haystack-mtn.org or (207) 348-2306.

 

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