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Alumni Scholarship Fund Centerpiece in Bicentennial Campaign

Once in a lifetime, Kents Hill has the opportunity to celebrate a huge milestone - its Bicentennial! This is our chance to remember the School’s rich history and the impact of those who once walked its halls as young people aspiring to a life steeped in the core values upon which our School was built. If only Luther Sampson and Elihu Robinson could see the magnificent institution their dream has become. For nearly 200 years, thousands of young people have had transformational experiences here and it is our responsibility to see that their vision is continued into the next century.

Imagined by a group of alumni years ago whose life-long support for Kents Hill brought this idea to fruition, the Alumni Scholarship Fund is the endowment scholarship by which all others are measured. It is not only the largest of Kents Hill School's pool of funds, but it has been supported by more people than any other. It is truly the result of alumni, from all generations, coming together to ensure opportunities for deserving students now and for decades and centuries to come.

Will you join us in our goal to build the endowment from its current level of $25 million to $40 million by 2024? We can accomplish this through bequests and other charitable estate planning commitments.

We are all grateful for the enthusiasm of alumni like Hans "Whitey" Ohlin '40, Fred "Moose" Nedvins '39, Bob Irving '40 and fellow alumnus, and former member of the Kents Hill Advancement Office, William H. Dunham '59. By making personal contributions and planned estate bequests and annuities, these individuals got the ball rolling and inspired others to contribute to what has become a significant part of Kents Hill's Endowment.

Now we must continue to build on Whitey's, Moose's, Bob's, and Bill's dream. Many alumni have taken the important step of including Kents Hill in their estate plans. Either by a simple percentage bequest, the establishment of an annuity which provides the donor or loved one with income for life, a donation of an IRA or by creating a trust that will be shared with our School, your pledge today will help grow this fund.

Growing the endowment is vital as Kents Hill continues to build its enrollment and support the nearly 50 percent of our students who cannot afford to attend the School at the full cost. Bequests to the Alumni Scholarship Fund are the best way to ensure the principal continues to grow for many years to come.

For more information on including Kents Hill in your estate plans, please contact Lori Putnam at 207-685-1657 or lputnam@kentshill.org.

A charitable bequest is one or two sentences in your will or living trust that leave to Kents Hill School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Kents Hill School, a nonprofit corporation currently located at PO Box 257, 1614 Main St., Kents Hill, ME 04349, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Kents Hill School or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Kents Hill School as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Kents Hill School as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Kents Hill School where you agree to make a gift to Kents Hill School and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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