Ensuring Ongoing Support of Newark Academy Students Through Life Insurance Gift

Would you like to make a gift to Newark Academy while simultaneously protecting your family? Sounds too good to be true, but alumnus William “Will” Green ’69 showed us a creative, win-win strategy.

By choosing to make Newark Academy the owner and beneficiary of his whole life insurance policy, Will was able to take an immediate tax deduction — and in the future, Newark Academy will receive a gift of Will’s life insurance proceeds.

“This is a final way for my generation to complete its support of Newark Academy so that the next generation can continue,” Will says.

Including Newark Academy in your estate planning will provide scholarship opportunities for future NA students. Will adds, “I owe much of my success to my years at Newark Academy. I’m honored to have the ability to pay it forward, in making the NA experience possible for generations to come.”

If you are interested in exploring this planned giving tool or other related structured giving possibilities that can benefit both Newark Academy and you, please call or email Newark Academy’s Director of Advancement Services Barbara Sine at (973) 992-7000, ext. 362, or bsine@newarka.edu.