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Phillips Academy Giving

Dick Phelps

Dick Phelps ‘46, P’73, ’89, GP’14
Read his story »

Kalksteins

Paul ’61, and Marnie Kalkstein, P’88, ’90, ’94 Read their story »

Gift Planning

Remembering Andover in your planning helps assure a brighter tomorrow for the Academy. Samuel Phillips Jr. and Sarah Abbot first provided for their fledgling namesakes through their estates, and, since then, countless alumni, faculty, parents, and friends have chosen to follow in the founders’ footsteps by providing for the Academy in their estates and/or by establishing planned gift arrangements that benefit PA and themselves. All donors whether through a bequest provision or a life income arrangement are automatically granted membership in the Samuel Phillips & Sarah Abbot Society.

Bequest Provision for Andover

You can remember the Academy through a simple provision in your estate. Whether giving through your will, living trust, life insurance policy or qualified retirement plan, you should make your designation for “Trustees of Phillips Academy, a charitable and educational institution in Andover, Massachusetts.”

Gifts That Give Back to the Donor

Andover offers an assortment of mutually beneficial arrangements that provide a variety of benefits, including, lifetime income, capital gains tax savings, income tax deductibility, and state tax savings

These significant benefits enable many donors to leverage the amount of their support to the Academy. In some cases, gifts can be designated toward named permanent endowment accounts for financial aid, faculty support, or other areas of mutual interest.

The following arrangements can generate significant tax and income benefits for you:

Examples throughout the Gift Planning section of this Web site assume an IRS discount rate of 2.4 percent. This rate changes monthly, and your deduction amount may vary. To receive current deduction quotations, contact the Gift Planning Office at 978-749-4297.

Andover’s Gift Calculator

Andover’s gift calculator helps you review the tax and income benefits you would generate through an Andover planned gift.

Sam and Sarah