The term “Planned Giving” is used to describe a wide variety of giving vehicles that allow donors to give a gift during their lifetime and/or after death, while meeting current income needs. Planned giving is typically done in conjunction with estate planning and is an option open to donors of all income levels. To discuss planned giving in further detail, contact the contact the Business Manager at 518-785-6621 or email@example.com
Planned giving options include:
Outright Gifts of Cash or Appreciated Securities
Cash gifts can provide income tax benefits for the donor. Please make checks payable to Saint Gregory’s School and mail to Saint Gregory’s School Development Office, 121 Old Niskayuna Road, Loudonville, NY 12211.
Gifts of appreciated stocks and bonds can offer two tax advantages to the donor. On stocks held for more than one year, the donor may be able to avoid paying capital gains tax on the appreciated value. The donor may also qualify for a charitable tax deduction on the value of the securities on the date the gift is made.
Bequest or Estate Gifts
In writing a will or living trust, donors may designate a portion of their estate to benefit Saint Gregory’s School. The bequest is deductible for federal estate tax purposes.
A trust arrangement enables the donor to make a major gift to Saint Gregory’s School during his/her lifetime and permits the donor to receive income from capital, securities, or other property involved.
Honorary & Memorial Gifts
An Honorary gift to Saint Gregory’s School may be made to honor a person during their lifetime or commemorate a significant event. A memorial gift may be made to honor the memory and ideals of a loved one who is no longer living. Families of those honored or memorialized will be notified of the donor’s gift.
A donor can name Saint Gregory’s School as a beneficiary on a life insurance policy.
Charitable Gift Annuity
A charitable gift annuity is a contract between the donor and the School. The donor transfers securities or real property in exchange for a fixed dollar amount during his/her lifetime. Upon the donor’s death, the remaining principal is available for Saint Gregory’s School.