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The C.B. Newton Society

Established in 1992, the C. B. Newton Society is named in honor of Pingry's beloved headmaster, Charles Bertram Newton (1920-1936). The C. B. Newton Society was created to both recognize those who have made a financial commitment to Pingry's future, and to provide an avenue through which others in the Pingry community can learn how such gifts, which are typically added to Pingry's endowment, can benefit the School while enhancing their own or a loved one's financial security. These gifts play a vital role in maintaining the School's financial strength and in insuring the quality of the Pingry education and experience for future generations of students.

We welcome the opportunity to have a confidential conversation with you at no obligation. If you should be a member of The C.B. Newton Society, or would like information, please reply to: ebreidinger@pingry.org.

Elizabeth Breidinger
Director of Institutional Advancement
(908) 647-5555 x1233

Welcome Message from The C.B. Newton Society Chair

Dear Members of the Pingry Community,

The C.B. Newton Society is justly named for a very special member of the Pingry community, Charles Bertram Newton, who served as Headmaster from 1920 to 1936. "He was an awe-inspiring tower of dignity, relationship, and discipline," said the late Henry Runkel '32 as quoted in The Greatest Respect: Pingry at 150 Years. He was a wonderful leader in so many ways-pioneering the country day school model, tripling student enrollment, and hiring an exceptional faculty who could teach, coach, and mentor. With people like Mr. Newton at the helm early on, it is easy to understand why Pingry is the high-quality institution it is today. Although I did not have the privilege of knowing him personally, I am honored to continue his legacy by chairing the C.B. Newton Society.

Members of this society have a true passion for The Pingry School and its students. They feel a personal commitment to the school and the faculty who cared about every student and provided a wonderful educational experience for them. It is important to our members, and I hope to you, that the same opportunity will always be available for future generations of Pingry students.

Please consider including Pingry in your estate plans and continuing the legacy that Mr. Newton began so many years ago. Please take a moment to look through our new planned giving web pages that offer a host of new articles, tips, tax updates, and more. We have included some great donor stories, which I hope you will enjoy reading and also find inspiring. Should you have any questions, please contact me or Rob Schur, Associate Director of Advancement, at (908) 647-7058.

I look forward to welcoming you into the C.B. Newton Society. I believe Mr. Newton would be pleased that we continue to invest in the future of a school that has benefited the lives of so many people, and I hope you will join me.

Trustee, Edward S. Atwater IV '63Sincerely,

Edward S. Atwater IV '63
Honorary Trustee

A charitable bequest is one or two sentences in your will or living trust that leave to The Pingry School 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

"I give to The Pingry School, a nonprofit corporation currently located at 131 Martinsville Road, Basking Ridge, NJ 07920, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 Pingry 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 Pingry 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 Pingry 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 Pingry where you agree to make a gift to Pingry 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

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