Bequest from your Will or Trust

16_pfhs_icon1_bequest_will_trust1109_c
How It Works
  • Include a bequest to Pope Francis High School in your will or trust. (Sample Bequest Language)
  • Contact us for language to direct your bequest to a specific purpose.
  • Indicate a specific amount, or a percentage of the balance remaining in your estate or trust.
Benefits
  • Your assets remain in your control during your lifetime.
  • You can modify your bequest to address changing circumstances.
  • You can direct your bequest to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
Next

Bequest from Your Retirement Plan

16_pfhs_icon2_bequest_retirement1109_c
How It Works
  • Name Pope Francis High School as a beneficiary of your IRA, 401(k) or other qualified plan.
  • Designate us to receive all or a portion of the balance of your plan through your plan administrator.
  • The balance in your plan passes to Johns Hopkins upon your death.
Benefits
  • Avoid the double taxation your retirement savings would incur if you designated your heir(s) as beneficiary/ies.
  • Continue to take regular lifetime withdrawals.
  • You can revoke us as a beneficiary if your family’s needs change.
Next

Gifts of Life Insurance

16_pfhs_icon3_gift_life_insurance1109_c
How It Works
  • You can provide now for a future gift to Pope Francis High School by naming us owner and beneficiary of a life insurance policy.
  • You make annual gifts to PFHS in the amount of the premium payments.
  • When the policy matures the proceeds are paid to PFHS, and we apply them to the school or program you have designated.
Benefits
  • You can make a significant gift from income instead of capital.
  • Your gifts offsetting our premium payments are fully deductible.
  • You build our future financial strength.
Next

Gifts that Provide Income

Make a Gift and Receive Income for Life

“Creating the XXX Family Endowed Scholarship Fund with both current gifts and a deferred charitable gift annuity allows us to support students for years to come. It is also a very good investment, which means everyone wins.”
Jane and John Doe

Types of Life Income Gifts
  1. Charitable Gift Annuity – Immediate: Receive a fixed payout and significant tax benefits.
  2. Charitable Gift Annuity – Deferred: Recommended for younger donors to build retirement earnings for the future.
  3. Charitable Remainder Unitrust: Make a gift and create a flexible source of retirement income.
  4. Charitable Remainder Annuity Trust: Make a gift and receive a fixed-income payout each year.

 

Charitable Gift Annuity - Immediate

16_pfhs_icon4_charit_gift_annuity1109_c
How It Works
  • You transfer a minimum of $10,000 in cash or securities to PFHS.
  • PFHS pays up to two beneficiaries (including you, if you wish) fixed income for life.
  • Beneficiaries must be at least 60 at the time that payments are to be received.
  • The remaining balance passes to PFHS when the contract ends at the death of the last beneficiary.
Benefits
  • Receive dependable, fixed income for life in return for your gift.
  • In many cases, increase the yield you are currently receiving from stocks or CDs.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax free.

Charitable Gift Annuity - Deferred

16_pfhs_icon5_charit_gift_annuity_defer1109_c
How It Works
  • You transfer a minimum of $10,000 in cash or securities to PFHS.
  • Beginning on a specified date in the future, PFHS begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • Beneficiaries must be at least 60 to begin receiving payments.
  • The remaining balance passes to PFHS when the contract ends.
Benefits
  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can target your annuity payments to begin when you need them, such as retirement or when a grandchild needs help with tuition payments.
  • The longer you defer payments, the higher the effective rate you will receive.

Charitable Remainder Unitrust

16_pfhs_icon6_charit_remainder_unitrust1109_c
How It Works
  • You transfer a minimum of $100,000 in cash, securities or other appreciated property into a trust.
  • The trust pays a percentage of the value of its principal, which is valued annually, to you or beneficiary(ies) you name.
  • When the trust terminates, the remainder passes to PFHS to be used as you have directed.
Benefits
  • Receive income for life or a term of years in return for your gift.
  • Receive an immediate income tax deduction for a portion of your contribution.
  • Pay no upfront capital gains tax on appreciated assets you donate.
  • You can make additional gifts to the trust as your circumstances allow for additional income and tax benefits.

Charitable Remainder Annuity Trust

16_pfhs_icon7_charit_remainder_annuity1109_c
How It Works
  • You transfer a minimum of $100,000 in cash, securities or other appreciated property into a trust.
  • The trust makes fixed annual payments to you or to beneficiaries you name.
  • When the trust terminates, the remainder passes to PFHS to be used as you have directed.
Benefits
  • Receive income for life or a term of years in return for your gift.
  • Receive an immediate income tax deduction for a portion of your contribution.
  • Pay no upfront capital gains tax on appreciated assets you donate.
  • Your trust can meet personal or family needs that are tied to a specific timeframe, such as tuition payments.

Cash, Securities, Real Estate

Outright Gifts that Make an Immediate Impact

With your outright gift to PFHS, you will make an immediate impact on Pope Francis High School Endowment for Tuition Support, supporting our students through scholarships to attract the best students, regardless of their financial capacity; and helping us prepare them for their futures.

There are also various tax advantages for you when you make an outright gift—whether giving cash or appreciated securities, such as stocks, bonds, or mutual shares, or by donating real estate, like a vacation home.

Types of Outright Gifts
  1. Cash Gifts: Make a gift that PFHS can use immediately, and receive the maximum charitable deduction.
  2. Appreciated Securities: Receive a charitable deduction and avoid capital gains taxes.
    (See 
    steps for making an outright gift of securities.)
  3. Real Estate: Make a substantial gift to PFHS through a transfer of residential, commercial, or undeveloped real estate.
  4. Charitable IRA Rollover: For donors 70 ½ or older, transfer up to $100,000 a year directly from your IRA to PFHS; avoid taxes; and count the gift toward your required minimum distribution

Gifts of Cash

16_pfhs_icon8_gift_cash1109_c
How It Works
  • You send a check, wire funds, or contribute online to PFHS.
  • We use your donation for the purposes you specify.
Benefits
  • Use the simplest asset to make your donation — no appraisal or acceptance requirements as with gifts of appreciated property.
  • Deliver a gift that PFHS can use immediately.
  • Receive a full charitable deduction, and apply it against a larger percentage of your taxable income than a deduction for a property gift.

Gifts of Appreciated Securities

16_pfhs_icon9_gift_apprec_securities1109_c
How It Works
  • You transfer appreciated stocks, bonds or mutual fund shares you have owned for one year or more to PFHS.
  • PFHS sells your securities and uses the proceeds to support the school or program you designate.
  • See steps for making an outright gift of securities.
Benefits
  • You receive an immediate income-tax deduction for the fair market value of the securities on the date of transfer, up to 30 percent of your adjusted gross income, no matter what you originally paid for them.
  • You pay no capital gains tax on the transfer.

Gifts of Real Estate

16_pfhs_icon10_gift_real_estate1109_c
How It Works
  • You deed your home, vacation home, undeveloped property or a commercial building to PFHS.
  • PFHS may use the property for its own purposes or may sell it and use the proceeds.
Benefits
  • You receive an income tax deduction for the fair market value of the real estate at the time of the transfer.
  • You pay no capital gains tax on the transfer.
  • You can direct the proceeds from your gift to a specific program at PFHS

Charitable IRA Rollover Returns for Good!

Make an Immediate Impact on PFHS and Avoid Taxes

The charitable IRA rollover has returned for good, thanks to legislation signed in December 2015 that made this popular giving opportunity permanent. The rollover is a convenient, tax-efficient way for donors who are at least 70 ½ years old to support PFHS.

How the IRA Rollover Works

Individuals who are 70 ½ or older may transfer up to $100,000 a year directly from their traditional IRA to a qualified charity, such as PFHS. If a spouse has a separate IRA, he or she can also make a charitable IRA rollover gift. The amount of the transfer will not be included in your taxable income, and the transferred amount can count toward your required minimum distribution.

How to Make an IRA Rollover Gift

If you are considering a charitable gift from your IRA, consult with your advisor to determine if the charitable IRA rollover is a good option for you. The information below will help you accomplish your rollover gift as quickly and seamlessly as possible:

  • Contact your IRA custodian and instruct your custodian to make a distribution directly to PFHS.
  • Provide your IRA custodian with our tax ID number – XX-XXXXX – and contact information (below).
  • Notify the Advancement Office by phone or email that your gift is on its way, and let us know the area of PFHS you would like to support: Contact 413-331-2480 x1129or advancement@popefrancishigh.org. The mailing address is: Pope Francis High School attn.: Kevin White 134 Springfield Street, Chicopee MA 01013