Planned giving provides multiple opportunities for donors to support Trinity Catholic High School while receiving fiinancial and tax benefits. All of these gifts help to ensure a secure future for Trinity Catholic High School.
Bequests are a simple way to help us provide for the future of the school. Remembering Trinity Catholic High School in your estate plans can be a simple and cost-effective way to make a significant contribution to the long-term stability of our school.
Charitable Lead Trust allows you to designate your heirs as the ultimate beneficiaries while also providing Trinity Catholic High School with an income stream for a term of years. You transfer assets to Trinity Catholic High School or a trustee of your choice and during the term of years a fixed or variable income is paid to Trinity Catholic High School. You choose the designated purpose of this gift. At the end of the term, the assets are then transferred to your heirs. The Charitable Lead Trust allows this transfer of assets to your heirs to take place at a reduced gift and estate tax cost. Charitable Lead Trusts are typically advantageous for individuals with a high net-worth.
Charitable Remainder Trust provides income to you or to other named income beneficiaries for life, a set number of years or a combination of the two. The remaining amount is a gift to Trinity Catholic High School. Charitable remainder trusts can offer variable or fixed income and they can help you avoid capital gains taxes as well as reduce income and estate taxes.
Life Insurance Gifts are a good way to make a gift to Trinity Catholic High School without incurring a large expense. You can donate either a paid-up policy or a policy where you are still making the premium payments. In both cases you may qualify for a charitable deduction.
Memorial Gifts please keep Trinity Catholic in mind when you are looking to establish a gift in memory of a deceased loved one.
Real Estate Gifts to Trinity Catholic High School are a unique way to support the school while achieving a possible avoidance of capital gains tax and receiving a charitable income tax deduction. Also, the value of the real estate is taken out of your taxable estate. Real estate can be given to Stamford Catholic High School through different means including bequeathing the property, giving the property outright, transferring the property into a charitable remainder trust, or establishing a retained life estate. A retained life estate is established when you give your residence or vacation property to Trinity Catholic High School but reserve the use of the property for your life and/or the life of another beneficiary.
Retirement Plan Gifts are another easy way to support Trinity Catholic High School and they are a great asset to give to a charity. Retirement plan assets are often taxed at extremely high rates, upwards of 50%. Therefore, it makes more sense to pass assets along to heirs that are taxed at lower rates and donate retirement plan assets to Trinity Catholic High School. Simply name Trinity Catholic High School as the beneficiary of your 401(k), 403(b) or IRA.
Securities we welcome gifts of appreciated stocks, bonds and mutual funds. Not only would your contribution entitle you to an income tax charitable deduction, you may also avoid capital gains taxes.
Stock it may be tax-wise to contribute stock rather than cash. Gifts of appreciated stock help you avoid paying capital gains tax on the stock's full fair market value on the date you make the gift. (Stock must have been held for more than a year.)
Feel free to contact Yvonne Ng, Director of Finance, at 203.322.3401 x300 or via email with any technical questions about making a donation.