When deciding how you can help support BG there are a variety of giving options that you might consider. Each presents certain advantages. All 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. We would be pleased to answer questions or assist. Contact advancement@bguifloyle.org

GIFTS OF CASH qualify for a charitable deduction in the year given and are limited to 50 percent of your adjusted gross income annually. Any amount given over this limit is eligible for a five-year carryover.

GIFTS OF APPRECIATED SECURITIES held for more than one year permit a donor to use the full value of the security at the time of donation as a tax deduction, while avoiding the capital gains tax that would be imposed if the security were sold.

GIFTS OF RMD’S (REQUIRED MINIMUM DISTRIBUTIONS), from your IRA or 401(k) has the advantage of reducing your taxable income and avoiding tax on the gift entirely while still counting toward your required distribution amount.  Your investment account broker will be familiar with how to make a charitable gift from a portion of your RMD. 

GIFTS OF PROPERTY, including residence, farm, vacation home, jewelry, art, etc. can provide significant benefits to the school and to the donor. The specialized help of appraisers and tax advisors is necessary to make such a gift.

GIFTS OF LIFE INSURANCE can provide a way to make a sizable gift at a relatively low cost. Consulting with your attorney or tax advisor is important.

BEQUESTS AND LIFE PAYMENT PLANS are excellent ways to participate in the campaign at levels you might not ordinarily consider. These include a bequest in one’s will as well as various trust instruments.

IN YOUR IRA/401(k) DESIGNATING BG AS A BENEFICIARY is a quick and simple way to make a huge difference. At your plan’s website, simply update your beneficiary designation to allocate an amount to Bishop Guilfoyle Academy.  If you work with a financial advisor, they can assist. 

The main consideration in making any type of gift to the campaign is to find a way that brings joy to you and your family—joy in supporting a cause in which you believe and value.

 For more information, contact:

Joe Adams

President

jadams@bguilfoyle.org

Lisa (Lightner) Georgiana

Director of Advancement

advancement@bguilfoyle.org