Planned Giving

Ways to Give

Founded in 1926 by Arthur Gulliver, and acquired by Marian Krutulis (Mrs. K) in 1953, Gulliver has been shaped by Mrs. K’s vision for a grand school home where everyone, both students and teachers, would feel part of a caring, challenging family of learners. More than 60 years later, Gulliver remains committed to and inspired by this legacy.

By joining Gulliver's Legacy Society, you are honoring our school's founder and helping to sustain her vision for Gulliver today and in the future. The society is composed of donors who include Gulliver in their wills or other estate plans. Their gifts provide essential financial support for all aspects of the school. Common types of gifts that qualify for membership include:

  • Bequests (gifts made through your will or living trust)
  • Charitable gift annuities
  • Gifts of retirement plan assets after your lifetime
  • Charitable remainder trusts

Planned Giving is a process of charitable, legal, financial and tax planning that enhances your philanthropy and enables you to address other financial and estate planning issues while making a gift. Each gift option offers various benefits.

For more information or for assistance in exploring the various options and your personal benefits, please contact the advancement department at 786.709.4005.

Sample Wording of an Estate Gift

Please help us to honor your wishes by using the following language in your estate plan:

Direct Request

I/We give, devise, bequeath, ______________________ to Gulliver Schools, Inc. or its successor organization, a nonprofit corporation as described in section 107 (c) of the Internal Revenue Code located at 9350 South Dixie Highway, 11th Floor, Miami, FL 33156, to be used for its tax exempt purposes.

I/We give, devise, bequeath, ______________________ to Gulliver Schools, Inc. or its successor organization, a nonprofit corporation as described in section 107 (c) of the Internal Revenue Code located at 9350 South Dixie Highway, 11th Floor, Miami, FL 33156, to be used exclusively got/in [insert restricted use language here].

Residuary Request

I/We give, devise, bequeath all the rest residue and remainder of my estate to Gulliver Schools, Inc. or its successor organization, a nonprofit corporation as described in section 107 (c) of the Internal Revenue Code located at 9350 South Dixie Highway, 11th Floor, Miami, FL 33156, to be used for its tax exempt purposes.

Legal Name: Gulliver Schools, Inc.
Address: 9350 South Dixie Highway, 11th Floor, Miami, Florida 33156
Tax ID: 65-0900712

Membership Form

Thank you for considering Gulliver as a beneficiary of your estate plan. Click here to access the membership form.

Gift Annuity

A charitable gift annuity pays you (and another beneficiary, if you so desire) a fixed dollar amount for life in exchange for an irrevocable gift to Gulliver Schools. You receive an immediate tax deduction for the gift portion of the annuity and a portion of each annuity payment is tax-free. The amount of income you receive from the annuity is based on your age (and the age of any other income beneficiaries), using the standard rates recommended by the American Council on Gift Annuities.

Deferred Gifts

Deferred gifts allow the donor to receive important tax benefits immediately and provide for the school to receive a significant gift in the future.

Gifts from Retired Funds

Making gifts from your retirement fund may offer significant financial benefits. Many retirement assets accumulate on a tax-free basis, and after retirement, when you begin drawing your income, you will have to pay income taxes on any disbursements. In addition, if retirement funds remain in your estate, they are subject to significant reduction by estate and inheritance taxes. These taxes, especially on large retirement funds, could reduce your retirement assets by as much as 80 percent.

By making Gulliver Schools a beneficiary of all or part of your retirement funds, your deferred gift will not be reduced by income or estate taxes. Such gifts are ideal ways to maximize the impact of your retirement funds and make a significant charitable gift.


A bequest is the most traditional way to donate to Gulliver Schools. Because a bequest is a gift made through your will, you retain full use of your gift property during your lifetime. There are several types of bequests, but all may offer significant estate and inheritance tax benefits.

Listed below are several common forms of charitable bequests that will likely fit most individuals’ needs. Included in some of these descriptions is sample language a donor may use when creating the gift. Of course, donors are encouraged to consult their own attorney when redrafting a will document to ensure that it is appropriate for their personal needs.

The most familiar type of bequest is the general bequest, which specifies that Gulliver Schools will receive a designated sum of money. For example, a donor might make a general bequest of $50,000, which is considered a primary charge against the estate.
Sample Language: "I give, devise, and bequeath to Gulliver Schools ________, the principal and income which may be used for such purposes as the Board of Trustees may determine."

The use of a specific bequest is required to provide a bequest that specifies certain restrictions, such as the use of income only. When making a specific bequest, a donor is directing that one particular piece of property be transferred to Gulliver Schools. This type of bequest is ideal for individuals wishing to donate individual stocks, real estate, or particular assets. However, a specific bequest can be satisfied only with the specific property designated in the will. If that property has been sold or otherwise removed from the estate, Gulliver Schools would not receive anything in its place.

A percentage bequest is an excellent alternative to the general bequest. It states that a donor provides Gulliver Schools with a predetermined percentage of his or her estate. By making a percentage bequest of 10, 25, or 50 percent of their estate, for example, donors assure themselves that inflation will not reduce the true value of their bequest intended for Gulliver Schools.
Sample Language: "I give, devise, and bequeath to Gulliver Schools _________ percentage of my entire estate, the principal and income of which may be used for such purposes as the Board of Trustees may determine."

A residuary bequest directs that Gulliver Schools receive either everything remaining in a donor’s estate, or a designated percentage of a donor’s remaining estate, after all necessary costs, all general bequests, and all specific bequests are satisfied. This type of bequest allows donors the flexibility to make several primary bequests, while still giving them the assurance that Gulliver Schools will be a secondary beneficiary of their estate. The residuary bequest has the drawback of uncertainty because Gulliver Schools receives only as much or as little as is left after all primary obligations are satisfied.

Sample Language: "I give, devise, and bequeath to Gulliver Schools all the rest, residue, and remainder of my estate, both real and personal, of any kind and description, wherever situated and whether now owned or hereafter acquired, including any power of appointment."

A contingent bequest is a bequest that is contingent on some event. For example, a donor might make a primary bequest for a relative, with the contingency that if that relative is not living at the time the will is probated, the bequest will pass on to Gulliver Schools. The contingent bequest is often used in the case of a husband or wife who stipulates that if his or her spouse is not living when the will is probated, then the bequest specified for the spouse will pass to a contingent charitable beneficiary.

A codicil (or an addendum to a will), drafted by an attorney, is all that is typically necessary for donors to add a bequest to Gulliver Schools in their will. A donor’s will does not have to be revised to accomplish this.

Life Income Gifts

Life income gifts provide donors or their beneficiaries with income for their lifetime or for a period of years. At the same time, these gifts produce important tax benefits and positively impact the future of the school.

Gifts of Life Insurance

Life insurance policies allow donors to make significant future gifts to Gulliver Schools by donating an existing policy that is no longer needed for its original purpose or by purchasing a new policy for the purpose of making a charitable gift. The policy may name Gulliver either as the beneficiary or as the owner of the policy.

Gifting an existing life insurance policy may yield significant tax benefits. For example, assume your family has grown and that you no longer need a $50,000 policy that you purchased many years ago. The policy has a cash value of about $20,000. You can make Gulliver Schools the owner and beneficiary of the policy and continue to pay the premiums. In doing so, you’ll gain an immediate tax savings of $6,200 (based on a $20,000 deduction at an assumed 31 percent tax bracket). You’ll also gain additional tax savings if you continue to pay premiums in future years. If you do not wish to make future gifts (to offset premium payments), you could transfer ownership of the policy to the school, in which case the policy could be redeemed for the full cash value of $50,000 with no reduction for estate tax.

To donate a current life insurance policy, you will need to change the beneficiary and ownership of the policy to Gulliver Schools and then send a letter to the school indicating your intentions.

It is also possible to purchase a new life insurance policy naming Gulliver Schools as the owner and beneficiary. This allows for your future premium payments (made as gifts to Gulliver Schools) to be tax deductible. To donate a new life insurance policy to Gulliver, consult the Institutional Advancement Office and your insurance agent.

The Testamentary Trust

The testamentary trust is an arrangement in a will where either a unitrust or an annuity trust is set up in a donor’s will to take effect after the donor's death. A trust of this type provides a donor with the opportunity to control certain property that might be mismanaged if left outright to the beneficiary. Furthermore, the trust can yield significant estate tax savings for the donor’s estate.

For example, suppose in her will, Jane created a charitable remainder unitrust that provides lifetime income to her daughter. Upon Jane’s death, the estate tax due on the value of the trust’s assets is greatly reduced, since Gulliver Schools will eventually receive a significant gift. In doing so, Jane has provided a secure income to her daughter as well as a generous gift to Gulliver Schools.