60 years ago…
In 1955, when Dutchess Day School first opened its doors at the Red Pheasant Inn down the road, there were 19 students and 3 teachers. Two years later, the property on 343 was obtained and most of the work to transform the two homes into a single school was done by founders and trustees who worked weekends and evenings painting, repurposing, and furnishing what was once living space and would ever after be a school. And a good one. Dutchess Day School has become one of the premier independent elementary schools in the Hudson Valley, even the Northeast.
“When honoring my life, I want to honor the institution that provided me with educational support and continue that legacy as part of my legacy.”
At the present time the Dutchess Day School budget is tuition-driven.
- This means that in any given year, the school is vulnerable to the vicissitudes of the economy, demographics, and other unexpected circumstances outside anyone’s control.
- Unlike wealthy boarding schools, Dutchess Day does not have a large endowment from which to draw to stay afloat in hard times and to keep tuitions down.
- We are far too dependent on our annual fund drive to cover the unexpected and to keep a Dutchess Day education affordable.
“It is terribly important to give to the best of our ability to guarantee the future for institutions like Dutchess Day School that are important assets to the community. Dutchess Day has remained true to its mission to educate and inspire.”
– DDS past parent
Endow Dutchess Day School with the stroke of the pen…
Through a charitable bequest in your will or living trust, you can:
- Ensure that Dutchess Day School will keep its doors open to qualified students whose families cannot afford the full cost of a private school education.
- Safeguard the excellence of the education our students receive by helping the school attract, keep, and inspire superb teachers.
- Protect our physical plant and allow it to be maintained and improved as needed far into the future.
Tuition and financial aid. Dutchess Day School offers financial aid in order to maintain diversity and allow local families to afford a superior education. A solid endowment would allow the school to have the financial security to be able to offer aid where and when it is needed while keeping tuitions reasonable.
Faculty advancement and salaries. Our goal is to attract and retain quality teachers, to continue offering high quality professional development, and increase salaries to better reflect the commitment and gifts they bring to our school. We could not do what we do without them. A secure endowment will allow us to attract and compensate the most engaging, knowledgeable, and professional educators.
Capital improvements. We’ve come a long way from the days when the head of school and the faculty shoveled snow and painted classrooms. Nowadays, the costs of maintaining and improving our beautiful campus are high. We depend entirely on generous donors for capital improvements of any kind, while maintaining and refurbishing the existing plant must be paid for out of our operating budget. A substantial endowment would secure the future of our physical plant and grounds.
Dutchess Day offers information on a variety of ways to make your commitment.
- A charitable bequest.
Instruct your attorney to add a charitable bequest for Dutchess Day School to your estate plan for a specific amount, a specific property, or for a percentage of the estate.
- Retirement plans.
Designate Dutchess Day School to receive part or all of what remains of your retirement plan after your death. Such a transfer can be a very tax-efficient way to make a gift. For example, heirs may receive as little as 30% of a retirement plan from a large estate after estate tax and income tax. Dutchess Day will receive all of it tax-free.
- Insurance policies.
Designate Dutchess Day School’s endowment to receive all or part of the proceeds of a life insurance policy. Ask your insurance company for a beneficiary designation form.
- A charitable remainder trust.
You can transfer cash or securities to a trust which distributes annual payments to you for life, and leave the remainder to the charities of your choice. This option protects you from up-front capital gains tax on donated appreciated assets, and will allow an immediate income tax deduction for a portion of your contribution while ensuring a future gift to Dutchess Day School.
We want to thank you now
Our Tower Society provides lifetime recognition to donors who have included the school in their estate plans. All you need do is tell the school that your plan is in place and that you have no objection to being publicly listed in the Tower Society honor roll.
For additional information on making a planned gift commitment to Dutchess Day School, call Vanessa Park, Director of Development, (845) 677-5014.