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George Sykes

George Sykes
After 40 years as a security guard — 29 of those years spent at The Bishop's School - George Sykes has a new "home," the U.S.S. Midway where he volunteers four days a week.

During his time at Bishop's, George greeted students and parents by name and, even after his July 2014 retirement, alumni look for him when they return to the campus.

His affection for the School and his belief in its mission are foremost when he talks about why he has designated his estate gift for financial aid endowment.

"My reason for contributing is to make sure young people get a good education and are able to support themselves. They shouldn't be a burden to society."

Part of George's testamentary commitment to The Bishop's School includes a gift of retirement assets.

Retirement plans are excellent assets to leave to charity and most of us hold some retirement savings in IRAs, 401(k)s, 403(b)s and pension plans. You may have held these assets for a long time and have seen them grow. When thinking about designating beneficiaries for your retirement plan, it is important to consider the issue of taxation. When leaving these assets to family members (other than your surviving spouse), your loved ones will have to pay tax at their ordinary tax rate on the gift. The assets will also be included in your estate, making them subject to estate tax. Other estate assets may be a better choice to leave your family members and loved ones.

Retirement assets left to qualified charities are not subject to taxation, leaving the entire amount available to further charitable causes important to you. For more information on how and what to give, please visit our web site at http://bishopslegacy.com or contact John A. Trifiletti, chief advancement officer, at (858) 875-0851, trifilettj@bishops.com.

THE BISHOP’S SCHOOL     7606 La Jolla Boulevard     La Jolla, CA 92037     (858) 459-4021
Founded in 1909 and affiliated with the Episcopal church, The Bishop’s School is an independent coeducational college preparatory day school for students in grades six through twelve who live throughout San Diego County.
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