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Legacy Society

Preserving a Legacy of Excellence

1947 Legacy Society logo
Everyone has the ability to create a lasting legacy and support future generations. Becoming a member of the 1947 Legacy Society demonstrates a deep commitment to St. Paul’s Episcopal School and its mission.
We are excited to collaborate with you or your financial advisor to craft a legacy plan that aligns with your financial and philanthropic aspirations. With thoughtful planning, a prearranged gift can help reduce or even eliminate capital gains, gift, and estate taxes, while also providing immediate tax benefits. Most importantly, your meaningful contribution will ensure that the excellence of the St. Paul’s experience continues to thrive for generations.

By designating St. Paul’s Episcopal School Foundation, Inc. as a beneficiary in your will or trust, or by naming the Foundation as the owner of personal property or a new or existing life insurance policy, you are making a profound commitment to the school’s mission and future success. Your generosity will help sustain and enrich this tradition of excellence for years to come.

Planned Gifts

A planned gift is a financial contribution made during your lifetime or through your estate as part of your financial or estate planning. These gifts can take various forms, such as outright donations using appreciated assets instead of cash, contributions that provide you with income or other financial benefits in return, or gifts that take effect after your passing or the passing of a beneficiary.

List of 6 items.

  • Bequest

    You may include a provision in your will directing that a cash, property, or estate gift be paid to St. Paul's after your death, or the death of one of your heirs. Here are some options:
    1. You may give St. Paul's either a specific dollar amount or item of property—a "specific" bequest—or you may choose to give a percentage of your estate balance after taxes, expenses, and specific bequests have been paid—a "residual" bequest.
    2. You may direct St. Paul's to use your bequest for a particular program or activity at our school—a "restricted" bequest—or allow us to use your bequest at our discretion—an "unrestricted" bequest.
    3. You may direct that a bequest be paid to St. Paul's if one of your heirs does not survive you—a "contingent" bequest.

  • Charitable Lead Trust

    A charitable lead trust is an individually managed trust that holds gift assets, makes payments to St. Paul's for a specified period of time, and then returns the balance to you—a grantor trust— or your heirs—a non-grantor trust.

    A grantor lead trust can be an attractive strategy you would like to maximize your current tax deduction but don't wish to part permanently with a valuable asset. A non-grantor lead trust is particularly effective if you wish to reduce the tax cost of passing assets within a family.

  • Giving From An IRA

    Make a difference today and save on taxes. It is possible when you support St. Paul’s Episcopal School through your IRA.

    Are you 70½ Years Old and Older?

    You can give any amount (up to a maximum of $108,000) this year from your IRA directly to a qualified charity such as St. Paul's Episcopal School Foundation without having to pay income taxes on the money. Gifts of any value $108,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at St. Paul's. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

  • Life Estate Agreement

    A retained life estate allows you to make a significant gift to St. Paul's using what may be your most valuable asset, yet does not disturb your current living arrangements or cash.

  • Life Insurance

    An important but frequently overlooked role of life insurance is the role 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 St. Paul's (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 St. Paul's as a primary or contingent beneficiary.

  • Living or Testamentary Trust

    A living trust, which you create, or a testamentary trust, created by your Last Will and Testament, will provide income to you (living) and assets to your heirs (testamentary) for life, with the remainder designated for St. Paul's Episcopal School.

Gifts That Provide Lifetime Income

These plans offer guaranteed payments for life—for you and even a designated survivor—while also providing significant tax benefits. They allow you to turn low-yielding assets into a higher, more reliable income stream. By transferring assets to the plan now, you secure financial benefits during your lifetime, while ensuring St. Paul’s Episcopal School receives the remaining balance after your or your beneficiary's lifetime.

List of 3 items.

  • Charitable Gift Annuity

    A charitable gift annuity allows you to support St. Paul’s Foundation while securing a lifetime of fixed annual payments for yourself—and an additional person, if you wish. Upon your passing, the remaining balance will help advance our mission.

    This giving option not only provides you with reliable income for life but also helps St. Paul’s Foundation continue its vital work. Depending on how your gift is funded, you may also be eligible for significant tax benefits.

  • 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 St. Paul's, 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 role 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 St. Paul's (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 St. Paul's Episcopal School as a primary or contingent beneficiary.
    • Make an outright gift of an existing policy. You can name St. Paul's as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.
    • Make an outright gift of a new policy. You can take out a new policy and irrevocably name St. Paul's as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

Join the 1947 Legacy Society Today!

  1. Contact Mrs. Carrie Ashbee, Director of Advancement, at (251) 461-2185 or cashbee@stpaulsmobile.net to discuss joining the 1947 Legacy Society with a planned gift to St. Paul’s Episcopal School.
  2. Seek the advice of your financial or legal advisor.
  3. If you have already included St. Paul's in your estate plans, please let us know and ensure our legal name and Federal Tax ID below are included.

    St. Paul’s Episcopal School Foundation, Inc.
    161 Dogwood Lane
    Mobile, Alabama 36608
    Federal Tax ID Number: 72-1395488
The information provided on this page is not intended to serve as legal or tax advice. For personalized guidance, please consult a qualified attorney or tax advisor. Any figures mentioned are hypothetical examples and subject to change. References to estate and income taxes apply to federal taxes only; state laws and taxes may also affect your results. Furthermore, all gifts are reviewed by the Gift Acceptance Committee and must comply with the School's Gift Policies and Guidelines before being accepted.

The following donors have documented a planned gift and joined our 1947 Legacy Society.

Anonymous (5)
Mr. and Mrs. Bret Amon
Mr. and Mrs. Blake Ashbee
Mr. and Mrs. G. Robert Baker Jr.
Mrs. Ann Marie Brooks
Mrs. Lulu Broos
Mr. and Mrs. Thomas B. Clement Jr.
Mr. and Mrs. Roger E. Cole
Dr. and Mrs. James V. Courtney
Mrs. Lulu M. Crawford and *Mr. Stephen G. Crawford
Mr. and Mrs. Dudley Dawson III
Mrs. Jamie M. Elcan
Mr. and Mrs. John N. Ferguson
Mr. and Mrs. Blair Fisher
Dr. and Mrs. Mark Foley
Mr. Alan I. Franco
Mrs. Pat B. Frazer
Dr. Richard Gams
Mr. and Mrs. John L. Godwin III
Mrs. Susan H. Groom
Mr. and Mrs. Mayuki Hashimoto
Mr. and Mrs. Rob D. Hinckle
Mr. and Mrs. Shawn M. Hunter
Mr. and Mrs. Steven M. Hutchings
Mr. John W. Jeffries
Mr. J. Tunstall Inge, Sr.
*Mr. Michael L. Lapeyrouse
*Dr. and *Mrs. John Kellam Lingo
Mrs. Janet Lyon and *Mr. Gaylord C. Lyon Jr.
Mr. Charles A. Marston IV
Mrs. M. Kathleen Miller
Dr. and Mrs. Thomas C. Myers
*Mr. Kleber M. O’Neal
*Mr. and Mrs. Arthur R. Outlaw
*Ms. Sissy M. Outlaw
Mr. and Mrs. Pratt Paterson
Mr. and Mrs. E. Luckett Robinson II
Mr. and Mrs. Robert H. Rouse
Mr. Harry Ruffin
Mrs. Ginny K. Russell and *Mr. David Russell
*Mr. Sandy Santoli
Ms. Charlotte M. Saxon
Mrs. Emily H. Shell
Mrs. Jean O. Sherman and *Mr. Peter Sherman
Mr. Michael E. Stashak
Mrs. Betty Lu Stephens and *Dr. Selden H. Stephens, Jr.
Mrs. Betty H. Stone
Mrs. Ann Marie Terry
Mr. and Mrs. John M. Turner Jr.
Mr. and Mrs. T. Bragg Van Antwerp Jr.
*Mrs. Beverly Bell Walton
*Mrs. Anne W. Walker
Dr. and Mrs. James L. West III
Mr. and Mrs. N. Staples Wood

* indicates deceased

Please contact us if you have any questions.

List of 1 members.

  • Photo of Carrie Ashbee

    Mrs. Carrie Ashbee 

    Director of Advancement
    (251) 461-2185

Contact

161 Dogwood Lane
Mobile, Alabama 36608
P. (251) 342-6700
F. (251) 342-1844

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