Types of Planned Gifts

 

There are many types of planned gifts, all with their unique benefits for St. Joe’s and for the donor. Choosing the right planned gift depends on your personal circumstances and financial goals.

 

 

One flexible and popular method of building a charitable legacy is through a bequest for St. Joe’s in your will. The bequest can be a specific sum or a percentage of the balance of your estate.

 

The most common bequest is unrestricted, which allows St. Joe’s to use your gift wherever it is most needed. However, if there is a particular aspect of St. Joe’s you wish to support, we will work with you to ensure your request is directed effectively.

 

 

 

Life insurance is an easy way to make a gift to St. Joe’s that can also provide tax benefits to the donor. If you have an existing policy that is no longer needed to protect your family or business interests, you can name St. Joe’s as the beneficiary.

 

You can also purchase a new policy to benefit the school. With St. Joe’s as the owner and beneficiary, you can be eligible for an income tax deduction.

 

 

 

For many of us, a retirement plan is one of our most important assets – built on years of hard work and stewardship. The balance of an IRA, 401(k), or other retirement account can be, however, an expensive asset to pass onto our heirs.

 

You may consider designating St. Joe’s as the beneficiary of your retirement account, allowing you to support our school and pass other more tax efficient assets to your heirs.

 

 

 

Appreciated securities are one of the most efficient ways to make a gift to St. Joe’s. By giving St. Joe’s a gift of appreciated securities, you can avoid capital gains on the transfer and are entitled to a charitable tax deduction for the full, fair market value of the securities.

 

The result is that your investment will provide a great return for St. Joe’s and reduce your tax liability.

 

 

 

From the vacation home you plan to sell to an undeveloped piece of land you bought as an investment, there are many ways to give real estate to St. Joe’s. You can even donate your home but keep living there for life.

 

No matter the property, a gift of real estate can provide you with tax benefits and St. Joe’s with a valuable asset.

 

 

 

There are many ways to structure your planned gift. Our Institutional Advancement team is ready to work with you and your financial advisor to craft the right planned gift for your particular needs.

 

If you are interested in more information on planned giving, please contact Dan Warner '06, Vice President of Institutional Advancement, at 716-270-4115 or [email protected].

 

The information on this website is not intended as legal or tax advice. Full Disclaimer.