There are several ways to make a gift to Saint
Gertrude High School, each responsive to a donor’s particular
circumstances and each with distinct tax advantages. The options
below enable
donors
to fulfill their wishes by supporting the Annual Fund, Scholarships
or the other priority needs of the School.
Outright Gift
You may choose to make an outright gift of cash or securities as
the most direct way to give to Saint Gertrude High School. A
gift of appreciated securities, whether publicly traded or from
a private company, may provide greater tax advantages than gifts
of cash. The donor can deduct the current fair market value as
a charitable gift, avoiding capital gains taxes on the appreciation.
To make a direct transfer to Saint Gertrude High School’s
account, please call Amy Singleton, Director of Development,
at (804) 358-9885 ext. 343 to receive the School’s account
number and DTC routing number.
Multi-Year Pledge
You may choose to make a gift to Saint Gertrude High School through
a multi-year pledge. Pledges can be fulfilled over a specified
period of time relative to the fundraising needs and goals of
the Annual and Scholarships Funds.
Corporate Matching Gifts
Donors can increase community support to the School through corporate
matching gift programs. You (and/or your spouse) are encouraged
to contact your employer’s human resources office to inquire
about a possible matching gift. This is a great way to possibly
double your gift to Saint Gertrude High School.
Planned Giving
There are a variety of tax-wise planned giving options enabling
donors to make a gift to ensure a bright future for the School.
Planned gifts may include a charitable bequest, life insurance
designation, gifts of retirement plan assets and IRAs, charitable
gift annuities, charitable remainder trusts, charitable lead
trusts, and survivorship designations.
Pension Protection Act
The Pension Protection Act of 2006 allows individuals who are at
least 70 ½ years of age to transfer up to $100,000 during
2006 and 2007, directly from an IRA or Roth IRA to a charitable
organization. This allows otherwise taxable distributions to
be excluded from gross income. In addition, the amount rolled
over will count against a donor’s minimum distribution
requirement. It’s important that the funds be transferred
on or by December 31, 2007 directly to the nonprofit organization
by an IRA custodian to take advantage of the tax incentives.
Please be sure to contact Saint Gertrude High School and let
us know if you would like to direct your gift to the Annual Fund,
Scholarships or another important initiative of the School.
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