Legacy for Laurel
Recognizing the Generosity of Gift Planning
Legacy for Laurel is the program by which Laurel supporters in the present honor its past by planning for the School’s future. Over the years, much of the School's financial stability has stemmed from bequests and other planned gifts. For instance, alumnae and friends have used gift planning to help build Laurel's nearly $50 million endowment.
To maintain this progress, we invite alumnae, parents, parents of alumnae, faculty members, grandparents and friends to join those who have already included Laurel School in their estate plans. Membership begins with the date of your commitment and it never ends. There is no minimum amount or percentage of estate that qualifies you for membership: only your desire to make a perpetual statement of support.
A planned gift to Laurel School might take the form of:
- A Bequest in a Will
- A gift from a Trust
- A Charitable Gift Annuity
- A Charitable Remainder Unitrust
- A Charitable Remainder Annuity Trust
- Designation as a Beneficiary of a Life Insurance Policy
- Designation as a Beneficiary of a Retirement Plan or IRA
On Dec. 18, 2015, Congress reinstated the IRA Charitable Rollover Provision. The Protecting Americans from Tax Hikes Act of 2015 is legislation that includes a permanent extension of the IRA charitable rollover. Donors age 70 ½ or older can now make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including colleges, universities and independent schools.
A member of Legacy for Laurel is recognized in every issue of Highlights, Laurel's magazine. Read the interesting stories of these recently highlighted members:
One need only look to the 1945 Laurel Leaves, to get a sense of Nancy Calhoun Wamsley ‘45, an alumna of grace, dignity and style…
“Along with a quiet manner, Nancy has shown great efficiency and thoroughness in carrying out a job which is given to her. She has been treasurer of the class senior year and has done a grand job. We have enjoyed Nancy’s friendly manner and her sincerity as a friend. . . . Wherever Nancy goes, she will succeed with efficiency, thoroughness and her pleasant smile.”
Those very skills noted by her classmates served Nancy well throughout her lifetime. After graduating from Laurel and Skidmore College, she took a job at Pickands Mather as an administrative assistant to the man who would become the company’s President and CEO. Nancy, who commuted from Rocky River as a Laurel student, continued to make that city her home until she passed away in February 2013.
A board member of the Children’s Aid Society, she also volunteered for the Great Lakes Theatre Company and the Women’s Committee of the Cleveland Orchestra, as well as for Laurel. Among her most favorite pastimes were those spent with her two stepchildren, four grandchildren and two great-grandchildren.
A longtime volunteer and supporter of the School, Nancy included Laurel School in her estate plans. Her generous bequest is directed towards science and math facilities.
Kaylie Donahue ’80 looks back on a conversation with her parents as pivotal to charting her life’s path. “I pleaded with my parents to allow me to enter Laurel in the Ninth Grade, having grown bored in public school,” she remembers. “I had known many private school students through activities and I was so impressed with the girls from Laurel that I told my parents not to waste time looking at the other private schools.
“One of the qualities I took away from Laurel was a certain confidence. I believe in my own ability to figure things out, to find an answer, to forge a better solution. Sometimes the best achievements come from learning that which is most difficult. For example, biology might as well have been Urdu, as much as I grasped it initially. But I sought help outside class, which our teacher Mrs. Thomas patiently provided, and I actually learned biology so well that it may be the single course that serves me best in daily life.”
After graduating from the University of Virginia with a degree in foreign affairs, Kaylie attended École de Cuisine La Varenne and embarked on a career of professional cooking in Cleveland. Active in the Laurel School Alumnae Association, she served as its President from 2000-02.
A subsequent career change and relocation to Virginia started her thinking about putting her estate plans in place—ones she knew would include her alma mater “to foster my wish that Laurel will continue to operate long past my lifetime. There was one word we heard a lot when I was at Laurel: integrity. Giving to Laurel is prompted by my integrity, to acknowledge my gratitude.”
For Kaylie, much of it comes down to this essential: “I credit Laurel for convincing me of my own capacity and I count among my closest friends today several members of the Class of ’80 whom I met at age 14. As I now sift through new people I meet since moving to Virginia Beach, I find myself pondering, ‘Where are the Laurel-ish women?’”
Membership in Legacy for Laurel is extended to all alumnae, parents, faculty and friends who make a provision in their estate plans to benefit the School.
For more information about Legacy for Laurel, please contact:
Director of Development