Ways to Give
Contact information for giving stock gifts, cash gifts, and gifts through estate planning:
Firm: Morgan Stanley
A Gift of Cash can be handled many ways. For example, a gift of $25,000 is payable through five annual contributions of $5,000 in cash securities, real estate, or stock options. Should the gift be in cash, you could receive a federal tax deduction of up to 50% of adjusted gross income. Expanding the payment period beyond five years will, of course, reduce the annual contribution accordingly.
A Gift of Appreciated Publicly Traded Securities offers an attractive method of giving for someone with relatively large and varied holdings. Securities held more than 12 months and transferred to the School avoid capital gain taxes. In a highly appreciated market, these holdings provide donors with a level of philanthropy they may have never imagined possible.
A Charitable Lead Trust is another creative method of making a leadership gift. If you placed an income-producing asset in a trust, the income from that investment would be provided to Saint John’s for a designated period of time. After that time period, the trusted asset is returned to you or your estate or a non-charitable beneficiary named by you or your estate.
A Charitable Remainder Unitrust is an irrevocable transfer of assets to a trust, naming Saint John’s as the only beneficiary or as one of several qualified charitable beneficiaries. The donor receives annually a life income of a set amount or a fixed percentage, based on the wishes of the donor and the trust’s value each year. A donor generally receives an immediate tax deduction and may add to the principal of a Charitable Remainder Unitrust in future years. If the donated assets consist of a appreciated securities, capital gains taxes also may be avoided. Gifts made to establish charitable remainder trusts where the remainder is not subject to change or revocation should be credited as future commitments at both the discounted present value of the remainder interest allowable as a deduction by the IRS and at face value.
Matching Gifts are an easy way to double and even triple annual contributions. The donor should contact his/her company personnel office for the appropriate form, which should be submitted with the donation. For specific questions regarding matching gifts please contact your employer.
ESTATE/PLANNED GIFTS & BEQUESTS
Please consult a financial planning professional for specific guidance in regard to the following gift options:
A Current Will
Saint John’s can be designated in a Will through an amount designated by cash, specific Property, or a percentage of an estate.
A Living Trust
A living trust allows the contributor to provide for themselves and their family before and after their death. It also allows for the contributor to have complete control of the assets during their lifetime. Like wills, living trusts are fully revocable.
An Estate or Retirement Plan
By naming Saint John’s Catholic Prep in an estate or retirement plan, the primary beneficiary voids all income and estate taxes. Donating retirement plan assets could be the most cost-effective gift one can make.
889 Butterfly Lane
Frederick, MD 21703
Phone: 301.662.4210
