Planned Giving

Planned Giving

Planning today can support a St. Mary's Education tomorrow.  We ask that you consider St. Mary's School as you plan.

Outright Gift of Cash or Appreciated Securities

• Outright gifts can include cash, appreciated property (stock, real estate), or tangible personal property/equipment.  Your gift is tax deductible.
  

Bequest or Estate Gift

• In writing your will or living trust, you may specify that you would like a portion of your estate to benefit St. Mary's School.  The full value of a bequest is deductible for federal estate tax purposes.
  

Trusts

• A trust arrangement enables you to make a major gift to St. Mary's School during your lifetime and permits you to receive the income from capital, securities or other property involved. Two of the most common charitable trusts are the unitrust and the annuity trust. In both cases, the income is available to you, or a named beneficiary, for the lifetime of the second beneficiary. At the same time, you will receive an immediate charitable deduction on your income tax. Capital gain, if any, is exempt from capital gains tax.  Exact exemptions vary according to your own personal situation.
  

Life Insurance

• You can name St. Mary's School as a beneficiary on a life insurance policy.  If you also make Holy Names owner and beneficiary and relinquish all incidents of ownership, you can claim an income tax deduction for the cash surrender value.
  

Gift of Personal Residence with Life Tenancy

• It is possible to transfer ownership of your personal residence to St. Mary's School while retaining enjoyment of your property during your lifetime.  This is a way to receive a current income tax deduction for the property's discounted value and continue to use the property for as long as you live.  You remain responsible for insurance, maintenance and taxes.  However, you receive a substantial income tax reduction in the year of the transfer, thus moving a tax benefit for a future gift in the current year.
  

Charitable Gift Annuity

• A charitable gift annuity is a contract between the donor and the school.  The donor transfers property (cash securities or real property) in exchange for a fixed dollar amount during his/her lifetime.  Upon the death of the annuitant, the remaining principal is available for St. Mary's School.
  

Honorary & Memorial Family Gifts

• An honorary gift to St. Mary's School may honor a person during their lifetime or commemorate some significant event.  A memorial gift can help perpetuate the values and ideals that guided a loved one's life.  Families of those honored or memorialized will be notified of the donor's gift.