Benedictine Military School
Ways to Give
The Benedictine Advancement Office is available to serve you and help you create a gift plan that would best suite your desire to support Benedictine and maximize your personal financial goals. Whether you want to support the endowment fund, capital improvements, student scholarships, faculty development, fine arts, JROTC, or athletics; we have a plan that will fit your needs.
It is the most common gift. You will receive a charitable deduction for your gift to Benedictine. Gifts postmarked on or before December 31 may be deducted for that tax year.
Employers will often match your gift to Benedictine.
There are many tax advantages associated with gifts of stock. These gifts allow you to give at a much higher level while avoiding capital gains tax on appreciated assets.
Example: You own a stock that was purchased for $2,500 and now has a value of $10,000. If you give the stock to Benedictine, you can receive a deduction on the fair market value of the stock ($10,000). You will also avoid paying capital gains tax on the $7,500 appreciation.
Gifts of real estate offer many benefits to the donor. For one, you avoid capital gains tax on the appreciation and receive a charitable deduction for the fair market value for the value of the property. By donating real estate, you could also lower your estate taxes considerably. Many types of real estate can be donated such as: a vacation home, undeveloped land, farms, business property, and your personal residence. Gifts of real estate will be evaluated on a case by case basis before acceptance.
Gifts made through your will. They are the simplest and most common. Cash, securities, and real estate can be given through a bequest. You can even designate a percentage of your estate to Benedictine.
Paid up, whole life policies can be donated by naming Benedictine as the beneficiary of the policy. This will allow you to support Benedictine while leaving your current income stream unchanged. The policy proceeds going to Benedictine Military School will be an estate tax charitable deduction.
Charitable Gift Annuity:
You transfer cash, securities, or other property to Benedictine Military School. You receive an income tax deduction and may save capital gains tax. Benedictine pays a fixed amount each year to you or to anyone you name for life. Typically, a portion of these payments is tax-free. When the gift annuity ends, its remaining principle passes to Benedictine Military School.
None of the information contained herein should be construed as legal or investment advice, either expressed or implied. Please see your attorney, accountant, or financial advisor for advice about these options that are available to you.
May 19, 2013
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