Wade and Aliza Edwards can sum up Perkins School for the Blind in two words: life-changing.
Their son Win was once pronounced "uneducable" by a teacher at a school in Michigan due to a genetic syndrome that causes vision and hearing loss and other conditions. Now, after 15 years at Perkins' Deafblind Program, Win is preparing to graduate with a host of employable skills.
In gratitude, the Edwards family has funded a life-income gift for Perkins that will help other families secure access to life-changing education.
"Our desire to support the school has increased each year as we witness such remarkable work," Aliza said. "I honestly cannot imagine what my family’s life would be like had Win not been educated at Perkins."
Though it’s been over a decade, Aliza can still remember the day she visited Perkins for the first time.
"I remember clearly the words of the director of the Deafblind Program: 'We would love to have Win at Perkins, and we think we could do great things for him,'" she said. "That day changed not only Win’s life for the better but that of my husband, myself and our other two children."
They moved to Massachusetts two and a half months later and have been supporting Perkins ever since, including the recent funding of a deferred charitable gift annuity that will begin making payments to Aliza when she turns 62.
"We gain current tax benefits and lifelong income," Wade said. "We know that our gift will continue helping other families as Perkins has helped ours."
When the Edwards chose to leave a legacy gift to Perkins, they did so by establishing a deferred charitable gift annuity. Making a deferred charitable gift annuity gave the Edwards an immediate tax income deduction that increased their cash on hand. Deferring income over time also generates an annual payment that is often considerably higher than it would be for an immediate-payment gift annuity.
A deferred charitable gift annuity is one planned giving option. The most popular is a bequest. By designating Perkins as the beneficiary of a will, trust, retirement plan, life insurance policy, or other deferred-giving arrangement, your generosity will underwrite the very best programs and services for children and young adults who are blind, deafblind or visually impaired.
Of course, making a gift that helps Perkins—while also aligning with your year-end planning goals—isn’t easy. If you’d like to learn more about popular and creative charitable planning strategies, please contact us or call 617-972-7328.