St. Mary keep donors’ needs in mind by offering a variety of giving options. Unrestricted gifts made to the school go into the general fund and are spent at the discretion of the administration to be used where needed most. Restricted gifts may also be made for a variety of purposes.
The desire to give, investment opportunity, and the impact of federal and state taxes are three considerations that should be kept in mind when planning a gift. The magnitude of a gift can vary considerably depending on timing, type of gift, and vehicle used.
All departments, the library, and athletics have needs and projects to explore.
Cash giving remains the most used and the most feasible giving method. Matching Gift — Many businesses and corporations have a policy in which they will match or partially match an employee’s cash donation.
Millions of Americans own securities. If consideration is being given to making a gift of stocks, bonds, money market or mutual funds, they are easy to transfer and currently offer favorable tax benefits.
Donated personal property in the form of equipment, furnishings, etc., may be an excellent gift opportunity for the donor and of great benefit to the school. These “gift-in-kind” investments are encouraged at any time.
Contributions to this fund are used for student financial aid.
All schools today face rising costs for faculty salaries, scholarship aid, equipment and energy needs, to name a few. A gift through a will can help St. Mary’s meet these needs for the future.
A general bequest of an unrestricted sum of money, or a predetermined percentage of the estate are the most common testamentary gifts. Other forms include designated bequests for specific purposes; residuary bequests consisting of money or property left over after specific bequests have been made and contingency bequests if other heirs have died.
This special form of commemorative giving allows the donor to remember someone the donor admires, respects, loves or wishes to honor on a particular occasion.
If there’s interest in making a lasting tribute to a friend or loved one, furthering a special cause, and helping students now and in the future, the donor should contact the Alumni/Development Department.
Funds have been established to support various purposes. Named funds are established in honor, in memory, or in the donor’s own name. Donors interested in establishing a named fund should contact the Alumni/Development Department.