Estate Planning

Estate planning protects your family and perpetuates your values. Estate planning is a way to make a lasting gift to those organizations that have made a significant and positive difference in your life. 

FOFwebsiteFor many parents, staff members and alumni, Lake Country School is one of those organizations. It has provided a caring and quality educational environment for children and a warm, welcoming community for adults. Everyone who remembers Lake Country School in their estate plans becomes a member of the Friends of the Future Circle, and are celebrated at a biennial dinner and recognized in the Annual Report.

Please consider including Lake Country School in your estate plans. Remember to always review all planned gift arrangements with your attorney or estate planner. Click here to download a pdf with sample bequest language.

  • Charitable Bequests

    Charitable bequests to Lake Country School are easily made whether your estate is simple or complex. You may choose to leave a specific dollar amount, percentage, or residue of your estate or to the school, or gift a certain stock or life insurance policy. You can also make your bequest contingent on a certain event. Click here for sample bequest language.

  • Life Insurance

    Lake Country School welcomes being named as beneficiary of a life insurance policy or being gifted ownership and beneficiary interest of paid up policies. You qualify for a charitable deduction for the cash value of the policy. If premium payments remain on a policy, you receive a deduction on premiums you pay after naming Lake Country School as beneficiary.

  • Gift of Retirement Plan Assets

    Lake Country School encourages donors to name the school as beneficiary of IRAs, 401(k)s and profit sharing plans. Gifting retirement plan assets in this way provides for substantial tax savings (income and estate taxes) to the donor’s estate.

  • Real Estate

    By gifting real estate to the school, you can avoid capital gains on the appreciation, receive the fair market value as a tax deduction and decrease the size of your estate.

  • Life Income Gifts

    Life income gift instruments include Charitable Remainder Unitrusts, Charitable Remainder Annuity Trusts, Charitable Gift Annuities and Pooled Income Funds. Life income gifts often provide substantial tax benefits for the donor in the form of charitable deductions, avoidance of capital gains on appreciated securities and decreased taxable estate assets. While Lake Country School does not administer these plans, attorneys, estate planners and community foundations can direct you in establishing life income gifts.

  • Gifts of Interest Income

    Lake Country School welcomes gifts of interest income which are generally made through vehicles such as Charitable Lead Trusts where interest income from a trust is gifted to the school and the assets of the trust revert to the donor or donor’s beneficiary at some future date.

  • Retained Life Estates

    A retained life estate is a gift of real estate with the restriction on it that the donor or the donor’s beneficiaries retain the right to live on the property for a term of years or the rest of their lives.

Mission Statement

Lake Country School is a Montessori learning environment that fosters independence, critical thinking, and creativity within each child. We are a community that promotes diversity and inclusion, as well as respect and responsibility to self, to others, and to the earth.

Contact Us

3755 Pleasant Ave S
Minneapolis, MN 55409
Phone 612.827.3707
Email Us

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