Horace Dutton Taft Legacy Society
During the school's formative years, Horace Taft needed to borrow substantial sums of money for capital and operating purposes. Tuition barely offset the latter, and he constantly worried about the school's bank loans. He wrote to a friend in January 1900: "I shall hope to pay off about $5,000 a year until I get my debts down below my life insurance and can die with decency."
He named the school as the beneficiary of his life insurance policy, the school's first planned gift, to leverage funds that would retire any outstanding obligations in the event that something happened to him prematurely. In honor of the first head of school and founder, as well as all individuals who have made some provision in their estate plan benefiting the school, the Board and Willy MacMullen established the Horace Dutton Taft Legacy Society in 2011.
The society's ongoing purpose is to acknowledge and thank like-minded individuals who endeavor to ensure that Taft has the necessary means to consistently deliver an exceptional, world-class educational experience. Planned gifts can significantly bolster the endowment needed to keep the school competitive with schools such as Hotchkiss and Deerfield as well as maintain its premier status as one of the finest educational institutions uniquely devoted to preparing the "whole student."
Once you establish a documented planned gift benefiting the Taft School, and with your permission, we would be delighted if you would consider membership in the Horace Dutton Taft Legacy Society now consisting of over 240 living members. We are proud that we have been responsible stewards of our fiscal resources—but there is a limit. A strong endowment is imperative to keeping pace with ever-increasing operating and capital expenses as well as providing resources for timely and important initiatives.
Thank you for your loyalty to and support of The Taft School. We are eager to know if you have made a provision in your estate plan or if you are thinking about this initiative so we may warmly thank you in person or answer any of your questions.
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