Skip to Content

Cynthia Bassett '57

Cynthia Bassett As a member of a community, Cynthia Bassett '57 believes it is imperative to support that community. So she does, in many ways, not the least of which is Hathaway Brown School. "HB is such an exciting institution as it exemplifies educational excellence in Cleveland as well as providing a myriad of opportunities for women that didn't exist when I was in school," says Bassett.

She believes that "our alums need to develop a strong, active leadership society for giving." She has been a loyal contributor to Hathaway Brown's Annual Fund and a member of the Mary E. Raymond Legacy Society since 2001.  She challenges HB alumnae to support their outstanding alma mater and cheers the relatively recent concept of women taking charge of their philanthropic interests and activities.

Bassett became a member of the Mary E. Raymond Legacy Society when she designated HB to receive a percentage of her IRA upon her death. It was an easy process that did not require the services of an attorney. She merely had to complete a "Change of Beneficiary Form" to the custodian of her IRA. When completed, Bassett informed HB, where upon the School was delighted to recognize her as a member of the Mary E. Raymond Legacy Society.

The Mary E. Raymond Legacy Society was established in 1994 to honor the beloved headmistress of HB of the early 20th century and to recognize alumnae and friends of the School who perpetuate their educational ideals by making a planned gift.  Membership in the Society does not require a minimum gift and members will be included in special events at HB. 

The Society is a special way for the School to honor donors, such as Cynthia Bassett, who have paved the way for current and future students by daily living the School's motto, Non scholae sed vitae discimus.  It recognizes all thosewho have made a planned commitment to HB's future—its students, faculty, and programs.

Bassett especially hopes that HB alums will designate their giving for general endowment and faculty salaries, areas that can have the most impact. She emphasizes that designating the School to receive a percentage of an IRA is such a simple, easy way to give.  

To learn of ways you can give and about the benefits of becoming a member of the Mary E. Raymond Legacy Society, please contact Terry Kurtz at 216-320-8799.

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address

Shaker Heights, Ohio Girls K-12 Coed Early Childhood

19600 North Park Boulevard Shaker Heights, Ohio 44122 P: 216.932.4214
powered by finalsite

A charitable bequest is one or two sentences in your will or living trust that leave to Hathaway Brown 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

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Hathaway Brown School [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 Hathaway Brown School 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 Hathaway Brown School 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 Hathaway Brown School 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 Hathaway Brown School where you agree to make a gift to Hathaway Brown School 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.

First name is required
Last Name is required
Please include an '@' in the email address