Planned Gifts to Bank Street

Donors who make a Planned Gift become members of the Lucy Sprague Mitchell Society, named after Bank Street’s founder who also left a bequest in her will. Our philosophy is that first and foremost, estate planning means ensuring that one’s loved ones will be safe and secure. And secondly, estate planning means taking care of any personal obligations. When one has taken care of these important things, we hope that one will think of Bank Street.

Ways to Make a Planned Gift:

The most popular way of becoming a Lucy Sprague Mitchell Society member is by mentioning Bank Street in one’s will:

for a specific amount
for a percentage of one’s holdings
for the residual of what remains after all obligations have been met
with a contingency bequest that names Bank Street if others mentioned in the will have previously passed on
The following information should be given to one’s lawyer:

The full name of the College: Bank Street College of Education
The College is located in: New York, New York
The tax identification number is: 13-5562167

By naming Bank Street as the recipient of a retirement account
One must designate Bank Street as the recipient on the proper form used by the company holding the retirement account

By naming Bank Street as the recipient of a life insurance policy.
By signing one’s insurance company’s form designating Bank Street as the recipient

By taking out a Charitable Gift Annuity. The Donor makes a gift of at least $10,000 to Bank Street. Bank Street sends the gift to TIAA-Cref, which invests it. Donor receives guaranteed income for life, along with a large tax deduction. At the end of the Donor’s life the remainder passes to Bank Street.

For further information please contact Barbara Perry Morgan, Director of Planned Giving at 212-961-3328 or at bpm@bankstreet.edu.

Making your gift to Bank Street

Planned Gifts to Bank Street