Ways to Give
St. Edmund Preparatory High School offers a wide range of opportunities for donors at all levels to make a difference in the quality and future of the school.
You can participate in the Innovation Campaign by making a pledge that permits both flexibility and time to complete payment. There are a variety of ways you can make a gift; we’ve outlined some of the most common below, each of which presents certain advantages. All, of course, are tax-deductible within the limits specified by the IRS code. We would recommend that you consult with an attorney or financial advisor when planning your commitment.
Online
For Questions or to Make your Gift by Phone
Contact Mrs. Joanne Blum, Director of Development at 718-743-6100 x5081 to make your gift by Visa, MasterCard, or American Express.
Mail
Mail your check, payable to St. Edmund Prep, to:
Mrs. Joanne Blum, Director of Development
St. Edmund Preparatory High School
2474 Ocean Avenue, Brooklyn, NY 11229
Mrs. Joanne Blum, Director of Development
St. Edmund Preparatory High School
2474 Ocean Avenue, Brooklyn, NY 11229
Recurring Gifts
Monthly or quarterly giving is a great way to give in smaller amounts that can really add up over time. For instance, a gift of just $25/month for 10 months creates a naming opportunity in honor of or in memory of a loved one.
Recurring gifts to St. Edmund Prep can be made through Direct Debit or Credit Card. Direct Debit allows you to make your gift automatically from your checking or savings account by authorizing St. Edmund Prep to conduct the transfer. Simply complete the gift form to authorize regularly scheduled payments from your checking or savings account. If you prefer, these payments can also be made with a credit card. It’s easy to set up a recurring gift online at stedmundprep.org/innovation or please contact the Development team at 718-743-6100.
Securities
If you have owned a stock for more than 12 months and it has appreciated during that time, you would incur a capital gains tax by selling it. However, if you give that stock to St. Edmund Prep as a gift, you avoid the capital gains tax and can also claim an income tax deduction for the full fair market value of the gift up to an amount equal to 30 percent of your adjusted gross income. Any unused deduction may be carried forward for up to five years.
If you would like to make a gift of stock, please call Mrs. Joanne Blum at 718-743-6100 x5081 concerning the specifics of your securities transfer.
Matching Gifts
Double or even triple your gift to St. Edmund Prep by taking advantage of your employer’s matching gift program. To find out if your or your spouse’s employer will match your gift, check with your (or your spouse’s) human resources department. It’s fast and easy!
Estate Planning
Including St. Edmund Prep in Your Will
A gift that costs nothing today
A great way to establish a legacy at St. Edmund Prep is to include a gift to the school in your will or estate plan. When you arrange for a gift in a will or a revocable trust, you may consider leaving a particular dollar amount or a percentage of your eventual estate. You can add a gift in your will with a simple addition or codicil.
A gift that costs nothing today
A great way to establish a legacy at St. Edmund Prep is to include a gift to the school in your will or estate plan. When you arrange for a gift in a will or a revocable trust, you may consider leaving a particular dollar amount or a percentage of your eventual estate. You can add a gift in your will with a simple addition or codicil.
Making a Life Income Gift
A gift to St. Edmund Prep and money back for life
A life income gift helps St. Edmund Prep and helps you. A Charitable Remainder Trust (CRT), allows you to save on income taxes, avoid capital gains tax, and increase your income, all while making a meaningful gift to St. Edmund Prep.
A gift to St. Edmund Prep and money back for life
A life income gift helps St. Edmund Prep and helps you. A Charitable Remainder Trust (CRT), allows you to save on income taxes, avoid capital gains tax, and increase your income, all while making a meaningful gift to St. Edmund Prep.
Qualified Charitable Distributions (QCDs), also called IRA charitable distributions, allow individuals who are 701⁄2 years old or older to donate up to $100,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions. QCDs can potentially enable a donor to give a bigger charitable gift than they could if they just donated cash or other assets.
Considering All of Your Options
There are many other gift plans that would benefit you and St. Edmund Prep, including:
- Remainder interest in real estate, which allows you to take a tax deduction now but stay in your home for life.
- Pooled-income fund, by which you can avoid capital gains tax and potentially increase the annual income of your second beneficiary.
- Name the school as the beneficiary or contingent of your retirement plan or insurance policy.
- Gift of paid-up whole or universal life insurance.
- Charitable lead trust, where you can pass on a significant asset at a lower tax rate.
We are happy to work up a proposal based on your individual circumstances.