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Planned Giving


Many potential donors mistakenly assume the only way to support CP is by making an outright gift. Not true.
In fact, with careful and thoughtful planning, you can provide for your loved ones and support CP at the same time by choosing a financial option that is right for you.

All members of the Founders Society are investing in the future of our students at Community Preparatory School. The Society seeks to ensure the future excellence of a Community Prep education through support of the endowment. Once you have completed your estate plan, please let us know so we can appropriately thank you and acknowledge your commitment to Community Prep's future in our annual publications. 

Gifts That Cost You Nothing Over A Lifetime

There are many ways to support Community Preparatory School’s future that do not affect you and your family during your lifetime. Although including a bequest to Community Prep in your estate plan is one way to leave a legacy, there are other arrangements, similar to bequests, which are simple, straightforward, and accomplish the same goal.

Gifts that pay lifetime income may have many benefits: Dependable income for you and your family, current and future tax savings, and an important way to support Community Prep. Life income gifts can be an excellent way to balance your personal and philanthropic goals.

Charitable Remainder Trust

A CRT is an arrangement that allows you to provide an income to yourself or others for life (or a term of years), after which the trust assets go to Community Preparatory School to help educate Community Prep students for years to come. A charitable remainder trust is a special type of trust fund that achieves three things:

  1. It generates income for a beneficiary of the trust fund to live upon
  2. It results in a significant gift to a non-profit charitable institution at the end of a set amount of years or when the beneficiary passes away.
  3. It lets the donor avoid capital gains taxes on appreciated investments, resulting in more money for both the beneficiary and the charitable institution. To clarify, normally, if you have a highly appreciated investment paying few dividends and want more income, you must sell the asset and pay capital gains taxes. The great benefit of CRTs is you donate the appreciated stock to a CRT, then the CRT's trustee can sell the stock, pay no capital gains taxes, and invest 100% of the proceeds to produce income for both the donor and the charity.

Charitable Lead Trust

A charitable lead trust is an arrangement that allows you to provide an income to Community Preparatory School for a specified length of time, after which the trust assets pass to your heirs.

IRA Rollover

The recently signed legislation, Protecting Americans from Tax Hikes Act, permanently extends the IRA Charitable Rollover Provision. The provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income.


If you have any questions about making a legacy gift or would like more information about planned giving vehicles, please contact Lisa Dantas, Chief Development Officer: or (401) 432-7318.

While we are always happy to talk to you, we would be remiss if we did not advise that you discuss your plans with your financial advisor or attorney.


135 Prairie Avenue
Providence, RI 02905

P. (401) 521-9696
F. (401) 521-9715

Located on the southside of Providence, Community Preparatory School is an independent middle school for grades 4-8.

Since 1984, Community Preparatory School has committed to nurturing an environment of cultural and economic diversity.

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