Alumni and Friends Can Ensure STVM's Future Through Planned Giving
Charitable gift planning, or planned giving, means making a charitable gift of estate assets to one or more nonprofit organizations like St. Vincent-St. Mary. It presents all members of the St. Vincent-St. Mary family - alumni, parents, parents of alumni and friends - an opportunity to make a substantial gift that is arranged now and paid later.
During these challenged economic times, we all review our values and we re-focus our priorities. The most important thing is obvious. Family is #1, of course. After providing for your own family, you reflect on what else matters to you. Through loyalty and generosity to our Alma Mater over the years, our Alumni have proven we are committed to help secure the mission of a St. Vincent-St. Mary education for the generations to come.
We ask that you please consider a planned gift to St. Vincent-St. Mary High School in your Will or Estate Plans. Bequests, trusts, IRA designations, gifts of life insurance or property have specific advantages that may be tailored to each individual’s needs. This generous decision now does not require any cash gift at all. However your deferred gift may make the critical difference to STVM someday. Our long range plans are based on strategy and resources. Our goal is to remain a strong and viable institution and to continue our growth, so we must rely, in part, on the future financial gifts from our benefactors.
Outright Gift of Cash or Personal Property
This gift is a donation of cash, securities, or real estate. The donor receives an income tax deduction for the value of the gift, plus no capital gains tax due on appreciated property. You can tailor your gift to the school's needs.
Outright Gift of Stock
Gifts of appreciated stocks may allow you to avoid tax on capital gains and entitle you to claim a charitable deduction for the full fair market value of the stock.
Gifts of Life Insurance
If you own a life insurance policy that is no longer needed, it may be the perfect vehicle for a gift. To receive a charitable deduction for this type of donation, name St. Vincent-St. Mary High School as both the owner and the beneficiary of the policy. If the policy has cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, if annual premiums are still to be made and you continue to pay them, those premiums will become tax deductible each year. Please check with your insurance agent for details on which forms to complete.
Bequest in Will
This is the most popular and easiest way to remember St. Vincent-St. Mary High School. When preparing your will, you name STVM as a beneficiary of your estate. Usually this is through a cash donation or real estate. There is usually an estate tax deduction for the value of your bequest. Please check with your attorney for more information.
To receive additional information about giving through your estate, please contact Gino S. D’Andrea VM81, Director of Advancement, at (330) 253-9113 ext. 152 or at firstname.lastname@example.org.