Giving Back: Charitable Ways to Help Holy Name High School
Each of us, whether we are alumni, parents, or friends of Holy Name, shares the responsibility of continuing the Green Wave tradition of providing an excellent Catholic education for our youth, today and tomorrow. By making a donation, you inspire our students and give them the tools they need to succeed in today’s world. Your generosity keeps the flame of our noble mission burning brightly. Invest in Holy Name, and invest in the future.
Here are some ways you can donate to Holy Name High School:
Cash Gifts. These are the simplest form of giving and provide a current-year tax savings. To make a cash donation, simply write a check to Holy Name High School. Or, for your convenience, we now accept credit cards or monthly/quarterly payments. Should you wish to make periodic payments, a reminder can be sent to you at your request. In addition, annual gifts from our benefactors directly support the school’s operations and programs. ‘CLICK HERE for a list of companies that match employees” charitable contributions.’
Gifts of Securities Stock, Real Estate, or Art that have appreciated in value can save you from having to pay capital gains taxes. You may also be able to apply an income tax deduction for the current year.
In-Kind Gifts are goods and/or services that would normally be purchased but have been given for free or at a greatly reduced rate. These gifts provide a tax deduction for the current year based on the donor’s stated value.
IRAs. In August 2006, Congress approved legislation allowing individuals to donate assets held in an IRA to charity without penalty, provided they are at least 70. You can donate up to $100,000 per year from an IRA. However, the money must be transferred directly from the IRA to the charitable organization without passing through the donor’s hands. If this happens, the IRA withdrawal is excluded from taxable income.
Deferred or Planned Gifts take a variety of forms:
Bequests offer an opportunity to make a substantial contribution to Holy Name without drawing on your current resources. Simply name Holy Name High School in your will, specifying a specific or residual amount or a percentage of your estate.
Beneficiary Designations may name Holy Name High School as the beneficiary of a life insurance policy; a retirement, IRA or Keogh account; or a savings account or Certificate of Deposit.
Trusts and Annuities offer a means of making a significant gift to the school while retaining a life income. Along with generous federal tax benefits, there are corresponding restrictions. A private attorney or tax consultant should be consulted to determine the best plan.
Please note that all gifts, no matter the size, are greatly appreciated. Your donations make a direct impact in securing a successful future for our students. For additional information about giving to Holy Name High School, please contact the Office of Institutional Advancement at (440) 886-0300, ext. 111.