Foundation

Gifts of Securities or Other Assets

Securities 
Donations giving long-term appreciated stock offers you a two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the transfer, which is the date the stocks are received in the St. Mary Catholic School Foundation. Contact Kathleen McCurdy, Director of Advancement, Advancement@smcatholicschools.org, 920-722-7796, ext. 1005 for stock transfer instructions and always consult your tax advisor to see how a gift of securities can benefit you and St. Mary Catholic Schools Foundation.

Stock Donation Instructions
To ensure that your stock gift is promptly and properly administered and acknowledged, please contact us prior to transferring the shares to let us know the stock name and number of shares. Contact Kathleen McCurdy, Director of Advancement,  at:
advancement@smcatholicschools.org | 920-722-7796, ext. 1005.

Please provide the following information to your broker so that he or she may direct your thoughtful gift to the St. Mary Catholic Schools Foundation’s account at Associated Bank:

Account Name: St. Mary Catholic Schools Foundation
DTC Number: 2257
Foundation Tax ID Number: 83-1198784

Primary Contact for Gifting questions:
Molly Carlson | (920) 727-8332 | Molly.Carlson@associatedbank.com

For mutual fund gifts, please contact Molly Carlson to obtain delivery instructions. The donor should make sure to request that the broker includes their name when sending the gift otherwise the gift is received as anonymous.

It is the SMCS Foundation’s policy to sell all shares upon receipt. The sale proceeds will be allocated to the charitable purpose(s) or need(s) that you specify, and a formal acknowledgment of your gift (indicating the value of your gift for federal tax purposes) will be mailed to you. 

Qualified Charitable Distribution (QCD) from an IRA
Gifting your IRA rollovers may be especially beneficial if you're age 70½ or older, you can make direct contributions, up to $108,000 annually, from your IRA to qualified charitable organizations, such as St. Mary Catholic Schools Foundation.  This donation can count toward your Required Minimum Distribution (RMD) and is excluded from taxable income. This can provide a tax-efficient way to support SMCS Foundation.

Life Insurance
If you own a life insurance policy that is no longer needed, consider it as the perfect vehicle for a year-end charitable gift. To receive a charitable deduction, name St. Mary Catholic Schools Foundation as both the owner and beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, if annual premiums are still to be made and you continue to pay them, those premiums will become tax deductible each year. Check with your insurance agent and tax advisor to determine if this may be an appropriate opportunity for you.

Planned Giving

Traditionally, people think of planned gifts as estate planning. While that is one option, there are many other ways for you to make a lasting gift that will sustain SMCS well into the future.

Charitable Remainder Trust:
By placing appreciated property or cash into a charitable remainder trust, a unique gift arrangement can be made that would provide income for you and perhaps a specified beneficiary. Tax benefits include an initial income tax deduction and avoidance of capital gains tax for appreciated assets. At the end of the agreed period, usually the donor and/or beneficiary’s lifetime, the remainder of the trust’s assets would be given to St. Mary Catholic Schools Foundation, to support future generations of students.

Bequest:
Leave a gift specific to St. Mary Catholic Schools Foundation in your will. Charitable bequests can be structured in many ways and are deductible for estate tax purposes.

Charitable Gift Annuity:
When you make a gift of cash or securities in exchange for guaranteed payments for life, the remainder of your gift will be used to benefit SMCS after your passing.

Retirement Plans:
Unless designating differently, amounts withdrawn from retirement accounts can be taxable to you and your heirs. Enjoy little or no tax penalties with an offsetting charitable deduction to benefit SMCS.

Cash:
Through checks and electronic transfers, gifts of cash to SMCS outside of an IRA are not limited, and can reduce income tax liability. IRA gifts have generous limits.