Ways to Give
Giving to the DuBois Central Catholic…your gift benefits the school and students!
There are many charitable gift giving solutions just right for you. Here we have provided detailed information on ways an individual or group may support the activities and programs of the DuBois Central Catholic through charitable giving. All are dedicated to raising gift support for the DuBois Central Catholic.
Make a Gift of Cash
Gifts of cash represent the most fundamental and important source of funding for the DuBois Central Catholic. It is the easiest and most popular form of gift, and offers a tax deduction equal to the full value of the gift.
Make a Gift of Stock
In many cases a gift of stock may provide even greater tax benefits than a gift of equal value in cash. Why? A stock (held more than 1 year) that has appreciated in value will generate capital gains tax if it is cashed in. By gifting the appreciated securities directly to the DCC you can avoid paying capital gains tax and take a charitable deduction for the full market value of the securities.
Oftentimes a stock will ‘split’ over the years and provide additional shares for the donor. Gifting part of a stock certificate is also a great way to make a gift to the DCC.
Make a Planned Gift
When it comes to making a long-term impact on DCC, there are many options to choose from besides simply writing a check. Listed below are common types of planned gifts. Please contact your advisor for help in choosing a gift that best suits your situation.
Gift Annuities (Click here for FAQ’s on Annuities)
Through a charitable gift annuity, you can make a gift to the DCC and receive guaranteed lifetime payments for yourself or designated beneficiaries. The payments are a fixed amount and generally depend on the number (up to 2) and ages of the beneficiaries. In most cases gift annuities are funded with either cash or securities.
This gift giving vehicle allows a donor to make a sizable gift at the time of death that wasn’t possible during a lifetime. Three ways to benefit the DCC with life insurance are:
1. Name the DCC as primary or secondary beneficiary of an existing policy.
2. Name DCC as the owner and beneficiary of an existing policy.
3. Buy a new policy and contribute it to DCC.
Retirement Plans & IRA’s
Both are great examples of deferred gifts (those committed in the present, but received by a charity in the future). Thanks to great tax advantages, please consider using IRAs and retirement funds to fund a charitable gift. If these assets are left to heirs, most of the gift will be lost to taxes. The funds from an IRA or retirement plan that you leave to the DCC qualify for an estate-tax deduction and are not subject to income taxes because the School is tax-exempt.
To do this, you will need to name the DCC as beneficiary of a portion of your IRA or qualified retirement fund. It could be a percentage or even the entire amount if you have no heirs to consider. Upon your death, the portion (mentioned above) will be paid to the School in a lump sum, totally tax fee.
Wills & Bequests
One of the most precious legal rights is the opportunity to dispose of property the way you want. Only through a valid will can you ensure that your wishes will be carried out. For example, a will allows you to make a gift for charitable purposes in the form of a specific amount, a particular property, a percentage of your estate, or a portion of the residue, or “what’s left over” after providing for other heirs.
“I bequeath to the DuBois Central Catholic, DuBois, PA $_____________ (insert dollar amount, percentage of estate or description of property) to be used for its general purposes.”
A thoughtfully prepared and carefully drafted will can provide peace of mind for both you and your beneficiaries. What’s more, you can maintain complete control over assets during your lifetime, while enjoying estate tax savings for amounts transferred at death.
For more information, please contact Mark Barchony, Director of Advancement at firstname.lastname@example.org or 814-371-3060 ext. 632