Planned Giving-Building a Legacy, Supporting Our Faith
The McGill family provided the first “planned gift” in 1896 for a Catholic High School in Mobile. Their legacy still lives on today as the earnings from the McGill family gift have supported the school for more than 120 years. The McGill family had a vision and a belief that Catholic education played a vital role in the future of the Church. McGill-Toolen continues to benefit from the generosity of benefactors who share this belief in the importance of Catholic education and determined that a planned gift is the most effective means of supporting the mission of the Church. Planned gifts designated to McGill-Toolen Catholic High School have provided much of the funding for the capital campaign as well as a significant portion of our scholarship funds. Individuals and families who have demonstrated their commitment to Catholic education through a planned gift to the McGill-Toolen Foundation will become a member of the Lipscomb Legacy Society.
How do I join the Lipscomb Legacy Society? To become a Lipscomb Legacy Society member, one must leave a planned gift to the McGill-Toolen Foundation. We ask you complete a planned giving agreement to confirm the intention of the gift. The agreement is signed and filed until the gift is realized. This ensures the intent of your generous planned gift is recorded accurately and that we honor your legacy. For information on how to become a member of the Lipscomb Legacy Society, please click here.
What is a Planned Gift? A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a will or a trust, planned gifts are most often granted once the donor is passed away.
Why Make A Planned Gift to the McGill-Toolen Foundation? If you believe in the mission of Catholic education, specifically a McGill-Toolen Catholic education, then you believe it should be preserved for the future. Planned Giving helps ensure a secure financial future for our school and continues the tradition and importance of Catholic education.
Who Can Leave a Planned Gift? Anyone at any age! Planned giving is not just for the elderly. If you have created your will or are in the process of completing your estate planning, it’s not too late to leave McGill in your will.
Can I direct how I would like my deferred gift to be used? Yes, you have a range of options available including designating your gift as restricted with a specific purpose.
What types of gift will the McGill-Toolen Foundation accept? Charitable bequests for a will or a trust are the most common ways to leave a legacy gift to the McGill-Toolen Foundation. Planned gifts accepted by the McGill-Toolen Foundation include:
Because everyone’s financial situation is unique we recommend you contact your financial advisor or attorney for information regarding the most favorable option for you. We want to work with you to create a gift that best fits your wishes and our financial needs. A sample of a IRA/401K beneficiary form is available below.
To learn more about how to leave a planned gift, please refer to our step-by-step instruction guide (Planned Giving Instruction Guide 2020) below.
Your Legacy is Their Future
“All you can take with you is that which you’ve given away. “
- Peter Bailey-It’s a Wonderful Life
Thank you for supporting the mission of McGill-Toolen Catholic High School. You have our deepest gratitude and may God continue to bless you and your family.
To learn more about the type of charitable giving that is right for you, please contact
Jenna Wood, Executive Director of the Foundation