DONORS MAY MAKE COMMITMENTS to St. Joseph Academy in the form of cash, pledges, property, securities, real estate, and planned gifts.
GIFTS FROM CURRENT INCOME
You may deduct a percentage of your adjusted gross income, depending upon your circumstances- the higher the income, the greater the tax savings. Gifts of current income can be spread out over a number of years to take full advantage of tax deductions.
GIFTS OF PROPERTY
Deducting the full market value of your gift on your tax return reduces your personal tax cost. In this way you also avoid payment of capital gains tax on any appreciation in the value of the property.
GIFTS OF STOCK, SECURITIES, OR REAL ESTATE
A gift of stock, securities, or real estate that has increased in value can be one of the most advantageous ways of giving. Gifts of this type allow you the following advantages:
- You may make a significant gift without affecting your standard of living.
- You may avoid paying the sizable income tax on the appreciation of the stock, securities, or real estate that would occur if you sold them.
- You may secure a federal income tax deduction.
GIFTS FROM BEQUESTS
A bequest to St. Joseph Academy will allow you to pass along a greater portion of your estate to your heirs because of the current tax savings and future savings on inheritance tax.
GIFTS OF LIFE INSURANCE
If you choose to make the campaign the beneficiary of a life insurance policy, your premium payments are deductable for income tax purposes. A new policy may be taken out in the name of SJA or an existing policy may be given as a gift to the campaign.
CORPORATE MATCHING GIFTS
Contact your employer to see if there is a corporate matching gift program. If so, this could effectively double your own gift.