Planned Giving

List of 8 items.

• Bequests

  A bequest to Mount de Sales Academy is a powerful expression of your faith in the future of the school.  An estate gift provides significant future support to Mount de Sales Academy.  You can provide for the school in your will or in a trust.  The full value of a bequest is deductible for federal estate tax purposes, and there is no limit to the size of a bequest.

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• Charitable Gift Annuity

  A donor may make a gift of property to a charity in exchange for the right to receive annuity payments. The amount of the charitable contribution is the fair market value of the property transferred less the value of the annuity.

• Charitable Lead Trusts

  The Charitable Lead Trust is a separate trust set up outside the donor's estate that provides income to Mount de Sales Academy for an agreed upon time period. The individual making the contribution designates only the earned income or interest, from an asset or cash that is invested, to the school and receives a tax benefit only from the income that is generated by the investment.

• Charitable Remainder Unitrust

  This gift vehicle allows the donor to make a lump sum bequest to Mount de Sales Academy and in return receive an immediate tax deduction plus the right to receive the income from the trust throughout his/her life. At the termination of the trust (death of the donor or end of the designated time period) the "remainder" of the trust is given to Mount de Sales Academy.

• Independent Retirement Accounts (IRAs)

  Accumulations in qualified retirement plans such as 401(k)s, 403(b)s, IRAs and Keoghs can cause the value of many estates to rise above threshold values established by Congress, thus incurring federal, and possibly state, estate taxes. Careful planning can minimize the taxes due on retirement plan assets.
  
  

  One option is to designate a percentage of assets from the plan to Mount de Sales Academy. Because such a gift is for charitable purposes, it is fully deductible from the estate, and can often result in more assets being received by heirs.

• Life Insurance

  You may name Mount de Sales Academy the beneficiary (or co-beneficiary) on an existing life insurance policy. In the event of your death, Mount de Sales Academy receives the proceeds of the policy as a bequest, generating federal estate tax benefits.

  
  If you also make Mount de Sales Academy owner of the policy and relinquish all incidents of ownership, you can claim an income tax deduction for the cash surrender value. You can also purchase, through relatively modest annual gifts, a new policy naming Mount de Sales Academy beneficiary and owner. Not only will you be able to transform a small annual gift into a large one, you can claim the annual premium as a charitable deduction for income tax purposes.

• Stock Options / Appreciated Securities

  If you own appreciated securities, that have been held for more than twelve months, and give them as a gift to Mount de Sales Academy, you can benefit by:

  • claiming a charitable income tax deduction for the full value of the shares; and
  • avoiding the capital gains tax that would have been due if the shares were sold.

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• FAQ

  Questions about Planned Giving? See our Frequently Asked Questions for more information. You can also contact Claire Cohagan '78, director of development, at ccohagan@mountdesales.org.

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