Rondthaler Circle

To acknowledge Salem’s alumnae and friends who have included the Academy and College in their estate planning, the Rondthaler Circle was established in 1980. The Rondthaler Circle allows Salem to recognize the generosity of those who have so thoughtfully provided for Salem and encourages others to consider including Salem in their estate plans.

Rondthaler is a proud name closely entwined with the rich history of Salem Academy and College. Edward Rondthaler was principal of Salem Academy from 1884 to 1888. His son, Howard Edward Rondthaler, was Salem’s twelfth president from 1909 to 1949. His forty years of leadership in times of war, depression, and profound social change helped to guide Salem securely into the future. At the same time he retained those values and traditions which had made a Salem learning experience synonymous with educational excellence in a nurturing environment. His tenure as president equipped this institution to move confidently into the future, just as the support from bequests, life income trusts, and other forms of planned giving equip Salem Academy and College to look ahead with confidence. The naming of this special group of benefactors—the Rondthaler Circle—brings mutual honor to the Rondthaler family and to the members of the Circle, which bears the name. In fact, the first deferred gifts coordinator for Salem Academy and College was Edward Rondthaler, son of Howard Edward Rondthaler. Not only did he and his wife Dorothy make a deferred gift to Salem, but he worked diligently in his efforts to grow the Rondthaler Circle and the legacy of deferred gifts.

There are many who have made provisions for Salem Academy and College in their estate plans, but of which we have no knowledge. If you have included Salem through a planned gift, please contact us and allow us the privilege of acknowledging your generosity and provision for Salem—either personally or anonymously, if you prefer. Inclusion in the Rondthaler Circle can be achieved by completing a Rondthaler Circle survey and allowing us to document your planned gift. We would like the opportunity to thank you and to let you know how much your love of Salem means to each and every one of us.

charitable bequest is one or two sentences in your will or living trust that leave to Salem Academy and College a specific item, an amount of money, a gift contingent upon certain events, or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequests can take various forms, which we describe below. The sample language following each example is for unrestricted bequests. If you are interested in directing your gift toward a particular program or designated purpose, such as an endowed scholarship, please contact Salem Development Office, director of major and planned giving.

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Salem Academy and College or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property, or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Salem Academy and College as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Salem Academy and College as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Salem Academy and College where you agree to make a gift to Salem Academy and College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.