It's only through the vision and generosity of many that St. Francis High School exists. There are many ways to make a lasting contribution to the community through support of St. Francis. Giving provides an enduring way to support a cause in which you believe. To help you be a wise steward in gifting strategies to ensure that St. Francis is a priority in your philanthropic endeavors, please contact the main office and ask for Ms. Michele Bowling or Mr. Patrick Lee to assist you in this giving endeavor. Since our founding in 2001, St. Francis High School has made a commitment to “Excellence” in preparing well-educated graduates who are “good Christians and global citizens committed to lead, serve, and inspire…” Undoubtedly, the St. Francis community could not continue to fulfill our mission and vision without those alumni, parents, faculty, staff, and friends who make gifts and provisions in their estate plans. Thank you for your consideration in making a commitment that will have a lasting benefit to the students of St. Francis High School.
GIFTS OF PROPERTY:
A gift of appreciated property, such as stock or real estate, can be one of the most advantageous ways of giving. If you have held the property for more than one year, you can avoid capital gains tax and receive a tax deduction for the market value of the property on the date of the gift.
GIFTS THAT PROVIDE LIFETIME INCOME:
Perhaps you would like to give more during your lifetime, but cannot because of your present needs. By considering gifts that provide income, you may be able to achieve your charitable goals and still meet your own needs. Through the use of a charitable remainder trust, you can receive income for the rest of your life, receive an income tax deduction, and eliminate capital gains tax. A charitable gift annuity can also provide you with guaranteed lifetime income and a valuable tax deduction.
Perhaps you would like to give more during your lifetime, but cannot because of your present needs. By considering gifts that provide income, you may be able to achieve your charitable goals and still meet your own needs. Through the use of a charitable remainder trust, you can receive income for the rest of your life, receive an income tax deduction, and eliminate capital gains tax. A charitable gift annuity can also provide you with guaranteed lifetime income and a valuable tax deduction.
GIFTS OF RETIREMENT PLANS:
Retirement plans are different than other assets. At death, retirement plans are exposed to not only estate tax, but also income tax. Unfortunately, the beneficiary of your retirement plan must pay the income tax. If you plan on making a charitable gift, consider making it from your retirement plan to eliminate income tax.
Retirement plans are different than other assets. At death, retirement plans are exposed to not only estate tax, but also income tax. Unfortunately, the beneficiary of your retirement plan must pay the income tax. If you plan on making a charitable gift, consider making it from your retirement plan to eliminate income tax.
GIFTS OF CASH:
Cash is one of the simplest and most popular ways to make a charitable gift. A gift of cash may be deductible up to 50% of your adjusted gross income. The excess may be carried over as deductions for the next five years.
Cash is one of the simplest and most popular ways to make a charitable gift. A gift of cash may be deductible up to 50% of your adjusted gross income. The excess may be carried over as deductions for the next five years.
GIFTS OF LIFE INSURANCE:
As you review your financial situation, remember that a life insurance policy is a unique way to give. To qualify for a tax deduction, St. Francis High School must be named owner and beneficiary. If your policy is paid up, your deduction will equal the policy’s replacement value. If your policy requires on-going premiums, you will receive a deduction for the premiums you pay.
As you review your financial situation, remember that a life insurance policy is a unique way to give. To qualify for a tax deduction, St. Francis High School must be named owner and beneficiary. If your policy is paid up, your deduction will equal the policy’s replacement value. If your policy requires on-going premiums, you will receive a deduction for the premiums you pay.
GIFTS THROUGH WILLS & TRUST:
Many people would like to do more to advance our mission, but have other responsibilities to consider. Naming St. Francis High School a beneficiary in your will or trust can be an effective way to make a gift and it lowers your estate taxes.
Many people would like to do more to advance our mission, but have other responsibilities to consider. Naming St. Francis High School a beneficiary in your will or trust can be an effective way to make a gift and it lowers your estate taxes.
For additional information, please contact Ms. Michele Bowling, Assistant for Development.