The King Cummings Society
Named after one of CVA’s most influential and visionary founders, The King Cummings Society recognizes the loyal and committed alumni, parents, grandparents, benefactors, friends, and associates of Carrabassett Valley Academy who have made an important commitment to its future through generous gift planning by bequest or a charitable trust.
Leave Your Legacy with a Bequest
A bequest is a gift by will or living trust that provides an opportunity to make a meaningful gift to Carrabassett Valley Academy while retaining control and possession of the asset for the duration of your life. Bequests may be unrestricted or restricted; they typically include cash, securities, real estate, or personal belongings. A bequest may be for a specific amount, may be such that it is dependent on your estate reaching a certain amount, or may be for a percentage of your estate.
Donors may also name CVA as a designated beneficiary to receive all or some of the proceeds from a retirement account, life insurance policy, or other asset that pays cash benefits to a designated beneficiary. For maximum tax benefit, CVA must be named as the beneficiary rather than your estate. Supporters of CVA who are considering designating the Academy as a beneficiary are encouraged to contact CVA’s Development Team in advance of making such a designation.
Maybe We’re Already There?
Too often, people make a provision for organizations like Carrabassett Valley Academy in their estate plans but we do not know until it is too late for us to thank them in person or get clarity on what they would most like their eventual gift to accomplish. If you have already included CVA in your plans, please tell us by completing the simple King Cummings Society Membership Form. We are happy to keep this information confidential/anonymous if you so desire.
Why Your Future Gift is So Important Now
Although gifts made by bequests will not help us with our current building projects, they will most certainly provide a critically important funding stream for future projects, to ensure that CVA remains the vibrant and wonderful place that it is today. Bequests are often used to support endowment gifts. What better way to leave a sustainable legacy to bolster the next generation of world-class winter athletes?
We’re Here To Help
We understand that providing for your family and loved ones is your primary concern. Once that is complete, we hope that you will consider including CVA in your estate and philanthropic plans. We would love the opportunity to speak informally with you to help explore what gift planning options might best fit your situation and meet your needs.
If you are considering including CVA in your estate plans or would like more information, please contact Kate O’Halloran, the Director of Development and Alumni Connections at 207.237.4498 or send a message to firstname.lastname@example.org.