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Planned Gifts

The Chadbourne-Thompson Society

The Chadbourne-Thompson Society recognizes the foresight and generosity of donors who have made plans to support Berwick Academy through a deferred gift. Including Berwick Academy in your will and estate plans is a wonderful way to make a lasting gift to the School. Regardless of the size of your planned gift, your bequest will make an important contribution to our long-term strength. financial future and over time have helped to shape the Berwick of today.

In addition to the personal benefits, including valuable tax reductions, augmented income, investment diversification, and the possibility of making a larger gift than would otherwise be possible, bequests create a legacy for the future.

Planned Gifts

Bequests or Gifts by Will

To include Berwick Academy in your Will, the following language is appropriate:

I give, devise, and bequeath to The Trustees of Berwick Academy, a nonprofit, tax exempt organization located at 31 Academy Street, South Berwick, ME, or its lawful successor, the sum of $_________ (or you may describe the gift or the percent of your remaining assets at death) to be used to promote the goals of the Academy as determined by the Board of Trustees.
 
Charitable Remainder Trust
An irrevocable gift to establish a Trust that in turn provides the donor income for life or a period of years. Upon the death of the donor and/or the secondary beneficiary, the assets in the Trust become a gift to Berwick Academy.

Charitable Lead Trust-
An irrevocable gift to establish a Trust that in turn provides income to Berwick Academy for a defined period and then the Trust allows the assets to be transferred to family beneficiaries at a low transfer cost.

Retained Life Estate
Allows you the donor to use the property during your life and then upon your death the property is transferred to Berwick Academy. You the donor receive a charitable deduction during your lifetime.

Gifts Annuities
The Charitable Gift Annuity is a simple contract between the donor and Berwick Academy Trustees. In exchange for the irrevocable gift of cash or securities, the Academy agrees to pay up to two annuitants a fixed sum each year for life. Gift Annuity payments are based on the American Council on Gift Annuities. The payments are guaranteed by the Academy.
  • Minimum amount is $25,000
  • Payout is quarterly - March, June, October, and December
  • Donors must be at least 70 years of age
  • Gifts of cash or appreciated securities are accepted
  • Administration of the Fund will be by HM Payson, Portland, ME
  • Management fees will be net of the investment income
  • If corpus is to a newly named fund, amount must be equal to $50,000 upon death of the donor
  • Only gifts in support of the Unrestricted Endowment Fund are accepted unless otherwise approved by the Board of Trustees.
Retirement and Life Insurance Plans
Consider naming Berwick Academy as a beneficiary of your plan.
 

Chadbourne Thompson Society Members

Anonymous
Deborah K. Blouin '59
James Cook ’63 and Paula Cook
Bradley M. Damon '63
Marie A. Donahue '37
Aurora Dube '25
Preston N. Eames ’65
C. Dennis Fink '44
Nancy B. Fort, former parent
Adolph Geyer '31
Russell Grant '45 and Marty Grant
Doris Dixon Griffith '39
Seth A. Hurd '90
George E. Janetos, former advisor
Alberta Morrill Johnson ’28
Kennett and Patricia Kendall, former trustee/parents
Mary Jacobs Kennedy 1908
Stuart Kerr, son of former headmaster
Lawrence A. Martineau ’64 and Karen Martineau
Perley D. Monroe '48
Olive Purrington Moulton '22
Victor Perreault '33 and Helen Hasty Perreault
Nancy Pindrus '69
Wendy K. Pirsig, former parent
Richard and Susan Ridgway, former headmaster/parents
Anna May Flynn Smith '31
William R. Spaulding
Owen Stevens '48 and Margaret Stevens
Ella Estelle Geyer Stonebraker '29
Mark H. Tay, trustee/former parent
Roger Thompson '25 and Theresa Thompson

Serving Maine, The Seacoast of New Hampshire, and the North Shore of Massachusetts

Berwick Academy, situated on an 80-acre campus just over one hour north of Boston, serves 600 students, Pre-Kindergarten through grade 12, from Massachusetts, New Hampshire, and Maine. Deeply committed to its mission of promoting virtue and useful knowledge, Berwick Academy empowers students to be creative and bold. Berwick strives to graduate alumni who shape their own learning, take risks, ask thoughtful questions, and come to understand and celebrate their authentic selves.  Founded in 1791 and rooted in a tradition of college preparation, our culture of innovation prepares students for a complex and dynamic world.