The Canterbury Fund

What is the Canterbury Fund?
Gifts made to the Canterbury Fund are unrestricted and directly support the year’s operating budget. Canterbury Fund gifts make up the difference between the amount of tuition collected and the true cost of educating a St. Edmund Prep student. These unrestricted gifts provide the greatest flexibility to meet the Prep’s most pressing needs. Your gifts are a significant and vital source of support. The support of our alumni, families and friends signify the strength of our school.

What does my annual fund gift support?
All aspects of St. Edmund Prep’s campus life, including:

Tuition assistance
Curricular enhancements such as the IB Programme and the World Scholars Honors Program
Technology investments
Arts programs
Student mission service experiences
Faculty professional development
Athletic facilities and equipment
Building maintenance and enhancements

Can I pledge now and make payments over the year?

When is my deadline for giving?

How do I give?

There are many ways to give!

Secure Online Payments:

Make your gift online at www.stedmundprep.org/donate

Venmo:

Use @StEdmundPrepHighSchool2474 and be sure to write your name and class year (if applicable) in the comments!

Cash or Check:

Checks payable to " St. Edmund Prep" may be mailed to:

St. Edmund Prep

Office of Development
2474 Ocean Avenue

Brooklyn, NY 1122

By Phone:

Call the Development Office with your credit card information at 718-743-6100 x5082

How much should I give to St. Edmund Prep?

How can I increase the impact of my gift?

Many companies and foundations will match the value of charitable gifts made by employees and their spouses, board members, and retirees. To find out if your company has a matching gift program, contact your human resources department. A matching gift form will be sent to you. Please include that form in your annual fund envelope, along with your gift and we will take care of the rest!

Can I include St. Edmund Prep in my estate planning?

Yes! Including St. Edmund Prep in your will is 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 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 70½ 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.

Please contact:

Joanne Blum

Director of Development

718.743.6100 x5081

[email protected]

Can I donate stock to St. Edmund Prep?

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 contact:

Joanne Blum

Director of Development

718.743.6100 x5081

[email protected]