You may give to McQuaid Jesuit in various ways, all of which provide the school with financial support while enabling the donor to realize immediate tax savings, and in some cases, additional income. Recent tax legislation may make one gift vehicle more advantageous than another. Please seek counsel from your tax advisor.
Gifts of Cash
Cash gifts entitle you to a charitable deduction against income. The deduction must be taken within the year it is made. Cash gifts can be made as a onetime contribution, or over several years as payments toward a pledge.
Many companies match their employees’ contributions to independent schools. You must initiate the process to double or triple your gift through your place of employment.
Gifts of Appreciated Securities
A gift of appreciated securities entitles you to a charitable deduction equal to the fair market value of the securities, and none of the appreciation in the security is taxable to the donor.
Gifts of Real Estate
When you make a gift of property you may claim an income tax charitable deduction based on the full market value of the gift, avoid capital gains taxes, and eliminate certain costs associated with the transfer of real property.
A life income gift allows you and/or a beneficiary to retain income from the assets donated, take a federal income tax deduction for a portion of the gift value (depending on the terms of the gift) while also eliminating the capital gains tax on gifts of appreciated securities or real estate. For more information on planned gifts please click here.
Click here to view the 2014-15 President’s Report