Ways of Giving
As donors make a decision on a gift to St. Mary's High School, please remember that commitment payments are tax-deductible as provided by law. Because laws are constantly changing and each person/family is unique, St. Mary’s encourages donors to consult with their families and financial adviser(s) to determine the most beneficial method.
SECURITIES
Making a gift of appreciated stock is one of the most advantageous forms of giving. For example, if a donor gives stock purchased for $2000 more than 12 months ago, and it is now worth $10,000, the donor gets a deduction for the entire $10,000, avoiding the capital gains tax on the stock appreciation.
REAL ESTATE
Gifts of appreciated real estate are similar to gifts of stock. If a donor has owned the real estate for 12 months or more, they will avoid capital gains taxes and may deduct the fair market value of the real estate. Gifts of real estate should meet the criteria set forth by the St. Mary’s administration and advancement staff.
CHARITABLE REMAINDER TRUSTS
The trusts are funded with an asset, and the earnings are paid as income to the donor’s beneficiaries. Upon the death of the last beneficiary, the principal goes to St. Mary’s.
CHARITABLE LEAD TRUSTS
Similar to Charitable Remainder Trusts, however, it is the accumulated interest that is paid to the campaign. When the trust reaches its termination date, the principal goes to the beneficiaries.
LIFE INSURANCE
Donors can give by making St. Mary’s the beneficiary, or partial beneficiary, of their life insurance policy.
SECURITIES
Making a gift of appreciated stock is one of the most advantageous forms of giving. For example, if a donor gives stock purchased for $2000 more than 12 months ago, and it is now worth $10,000, the donor gets a deduction for the entire $10,000, avoiding the capital gains tax on the stock appreciation.
REAL ESTATE
Gifts of appreciated real estate are similar to gifts of stock. If a donor has owned the real estate for 12 months or more, they will avoid capital gains taxes and may deduct the fair market value of the real estate. Gifts of real estate should meet the criteria set forth by the St. Mary’s administration and advancement staff.
CHARITABLE REMAINDER TRUSTS
The trusts are funded with an asset, and the earnings are paid as income to the donor’s beneficiaries. Upon the death of the last beneficiary, the principal goes to St. Mary’s.
CHARITABLE LEAD TRUSTS
Similar to Charitable Remainder Trusts, however, it is the accumulated interest that is paid to the campaign. When the trust reaches its termination date, the principal goes to the beneficiaries.
LIFE INSURANCE
Donors can give by making St. Mary’s the beneficiary, or partial beneficiary, of their life insurance policy.
If you would like to learn more about the different ways of giving, please contact the Advancement Director at 314-481-8400 or [email protected]