The Rev. Canon Thomas G. Clarke

The Legacy Continues

Rev Canon Thomas G ClarkeThe Rev. Canon Thomas G. Clarke ‘59 has lived a life of service—to Campbell Hall, the Episcopal Church, and to the broader community. As Campbell Hall’s second Head of School (out of only three in the school’s history) for 32 years, he oversaw many of the institution’s most significant developments—from codifying the first CH mission statement to the construction of major building projects including the Academic Center and Ahmanson Library (ACAL) and the Garver Gym complex to the creation of the Financial Aid program. Having attended Campbell Hall from Kindergarten—8th grade, transferring out in 9th grade as there was no high school option for boys at the time, his lifelong dedication to the school started when he was just a boy.

“I grew up seeing my parents’ involvement in philanthropy and charitable causes both as donors and as volunteers,” Canon Clarke said. In fact, his father, Thomas W. Clarke served on Campbell Hall’s Board of Directors for 51 years, longer than any other member in the school’s history, and was also responsible for drawing up Campbell Hall’s articles of incorporation in 1945. His parents were also among the first to join the school’s Legacy Society, designating Campbell Hall as the charity beneficiary on a charitable remainder trust. “I inherited an attitude of service,” Canon Clarke continued, “and it has stayed with me throughout my lifetime.”

Building on the strong foundation laid by those who established Campbell Hall, Canon Clarke knew there was still important work to do. “When I came to Campbell Hall as Head of School, my charge was to further the legacy of the mission of the school,” he said. “Working closely with the Board of Directors, I knew that Campbell Hall could not exist on tuition alone. It was important to establish a culture of philanthropy that would not only support the school’s existing operating needs but would also secure its future.”

One of the ways in which Canon Clarke and the Board worked to accomplish this was by establishing Campbell Hall’s first endowment. The long-term viability of any nonprofit educational institution relies on such investment vehicles. “A strong endowment, which is grown in a number of ways including through legacy gifts, is a symbol of a strong community,” Canon Clarke said. “It helps the school endure the unexpected. If we learned anything from the COVID pandemic, it’s that we have to plan for any number of contingencies.”

Canon Clarke also helped start Campbell Hall’s professional development program because he recognized the need for faculty to build skills, learn about the latest research and technology, and stay current on best practices, all of which positively impact student achievement. Today, faculty and staff collectively engage in more than 2,000 hours of professional development each year. Like his parents before him, Canon Clark has chosen to include Campbell Hall in his estate planning, naming the school as a beneficiary. The importance of sustaining and growing CH’s professional development is of utmost importance to him, so he designated his gift to support this crucial school program. “Campbell Hall is my top charitable priority because my heart will always be there,” he noted. “I hope each of us values the community and will do everything we can to further that spirit, even when we are no longer here.”

Canon Clarke’s legacy at Campbell Hall is attributable to more than just including Campbell Hall in his estate planning—it is a lifelong commitment to an institution that he helped build and one that he believes should endure forever. His legacy gift will help the school do just that.

A charitable bequest is one or two sentences in your will or living trust that leave to Campbell Hall 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 Campbell Hall, a nonprofit corporation currently located at 4533 Laurel Canyon Boulevard, Studio City, CA 91607, 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 Campbell Hall 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 Campbell Hall 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 Campbell Hall 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 Campbell Hall where you agree to make a gift to Campbell Hall 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.

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