Legacy Giving

‘Iolani welcomes bequests which often can be provided by adding a simple codicil to an existing will or an amendment to a living trust. Bequests are attractive to donors who wish to retain control of their assets during their lifetimes and to assist ‘Iolani School at a future date.

‘Iolani often receives gifts of securities. Gifts of stock/securities are most welcome and provide the donor with benefits and can avoid a donor's capital gain and income tax.

The easy way to transfer stock can be handled by your broker. Call Chris Shimabukuro '85 at (808) 943-2256 to obtain transfer information.

‘Iolani welcomes real estate transferred during a lifetime (resulting in an income tax deduction) or transferred by will resulting in an estate tax deduction. Gifts of real estate would include a personal residence, a vacation home, a farm or ranch, income producing rental property, or undeveloped land. For more information, visit Gifts of Property.

A gift annuity is a contract under which ‘Iolani School, in return for a transfer of cash or other property, agrees to pay a fixed sum of money for a period measured by one or two lives. Gifts are not subject to immediate capital gains and provide donors with the security of fixed income fully guaranteed by ‘Iolani School. ‘Iolani offers both immediate and deferred annuities to meet the individual needs of its donors.

A charitable remainder trust provides current income for the trust's beneficiary after which the principal passes to ‘Iolani. A remainder trust created in the donor's lifetime avoids immediate capital gain tax.

A charitable lead trust provides current income for the school after which the principal passes to the trust beneficiary. It provides income to the school each year, usually for a fixed period of time. Thereafter, the principal passes to another generation, typically the donor's children or grandchildren at a significantly reduced gift or estate tax cost.

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