Giving to Saint Saviour
Giving to Saint Saviour allows you to create your own legacy within our school; one that provides the school with financial support while enabling you to realize immediate tax savings and, in some cases, a larger income than before your contribution. If you have any questions about the ways to give to Saint Saviour, please contact Christine Bove at bove.c@stsaviour.org or 718-768-0210. Thank you.
Planned Gifts are one of the best long term ways that you can help Saint Saviour High School. Donors receive benefits during their life and bequeath the remaining funds to the school. These tax efficient gifts allow you as the donor the opportunity to give while providing our school with financial security. This can be done in three ways:
1) Annuities of charitable gifts (i.e. leaving property to school) which allow for a fix income stream for the donor and provide the school with an immediate benefit.
2) Bequests which provides outright gifts of cash, securities (stocks) or property at time of death. Examples of securities are an insurance policy, retirement plan or private business.
3) Charitable trusts can be executed in two ways – through Remainder Annuity trusts or Lead Annuity Trusts. Both require you as the donor to have specific goals and can vary depending on your current financial situation. These provide large tax benefits and protect heirs/family members.
There are also other ways to help Saint Saviour High School in your long term planning:
Gifts of Cash: A cash gift entitles you to a charitable deduction against income. The deduction must be taken in the year in which your gift is made. Cash gifts can be made as a onetime contribution, or over several years as payments toward a pledge to Saint Saviour High School. If the amount of your gift exceeds 50% of your adjusted gross income, you may carry over the excess of your contribution for as many as five years.
Matching Gifts: Many companies match their employees’ contributions to schools. You must initiate the process to double or triple your gift through your place of employment. Please ask your employer if they will match your gift to Saint Saviour.
Gifts of Appreciated Securities: A gift of appreciated securities entitles you to a charitable deduction equal to the fair market value of the securities, and none of the appreciation in the security is taxable to the donor. You can direct your gift to a specific fund/purpose within the school (i.e. art, education or sports) and Saint Saviour benefits by selling the securities which directly and immediately affects the school.