Planned giving is the process of carefully selecting the best method and asset for making a charitable gift. Such a gift can enable you to take full advantage of the tax laws to accomplish your financial and charitable goals.
Archbishop Bergan Catholic School relies on charitable gifts to meet the needs of our students to provide an affordable Catholic education. There are a number of easy giving options from which you can choose to help - from naming Archbishop Bergan Catholic School as a beneficiary in your will; to the donation of stocks or mutual funds. See planned giving options below:
You can provide for the future of Archbishop Bergan Catholic School by naming Archbishop Bergan Catholic School as a beneficiary of your will or trust. By doing so your estate may save taxes.
Life Insurance or Retirement Plan Beneficiary Designation
You can name Archbishop Bergan Catholic School as a beneficiary of all or part of your IRA, 401(k), 403(b) or other retirement plan. You may also include Archbishop Bergan Catholic School as a beneficiary of your life insurance policy.
Gifts of Stocks, Bonds or Mutual Funds
You can donate stocks, bonds, or mutual funds to Archbishop Bergan Catholic School. If you have held the stock for more than a year you can deduct the fair market value of the stock as a charitable contribution on your personal tax return as the date of the gift. Also, if the stock has appreciated in value, you will avoid the capital gains tax that you would pay if you sold the stock and gave the resulting cash to the charity. These transfers should be done without selling the stock, so please contact Archbishop Bergan Catholic School to coordinate a broker to broker transfer.
Other Planned Giving Opportunities
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Charitable Lead Trusts
In all planned giving cases, it is recommended to contact your tax advisor.