Your Gift. Your Choice.
At Â鶹Æƽ⴫ý, there are many ways to give – and each gift is greatly appreciated and wisely used. Check out these options, and decide what works best for you. If you have any questions, we’re happy to talk with you and develop a philanthropic approach designed around your life and your preferences.
| Assets | Description | Features |
|---|---|---|
| Cash | Outright gift by a transfer of cash or check provides funds for immediate use by Â鶹Æƽ⴫ý. | These easy-to-make gifts provide income tax charitable deductions. The donor may designate a specific purpose or provide much-needed unrestricted support for operating the University. |
| Marketable publicly traded securities, mutual fund shares, and corporate bonds make a gift at full market value on the day. | Provides income tax charitable deduction; may avoid capital gains tax liability; is often used to fund life-income gifts that increase income to the donor. | |
| (Qualified Charitable Distribution) | Starting at age 70 1/2, you can donate directly from your IRA to Â鶹Æƽ⴫ý without penalty. At age 73, you can roll over your required minimum distribution (RMD) to make a donation. | QCDs from your IRA are excluded as gross income for federal income tax purposes, helping you avoid a higher tax bracket. |
| Â鶹Æƽ⴫ý may be designated as a beneficiary, or contingent beneficiary, of retirement plan benefits. | Each retirement plan must be carefully checked to determine benefits. Often avoids large income tax liability to heirs. | |
| Gift of paid-up life insurance with Â鶹Æƽ⴫ý as owner and beneficiary. | Provide income tax charitable deduction; benefit to Â鶹Æƽ⴫ý may be far off; policies once needed by family may be no longer needed. | |
| Automobiles, furniture or equipment may be useful to the University or sold if marketable. | Each of these gifts requires personal attention to determine the usefulness to Â鶹Æƽ⴫ý and the tax benefits to the donor. | |
| Appreciated real estate that is marketable (e.g. a house or farm) can be sold by Â鶹Æƽ⴫ý. Valued through an independent appraisal. An environmental report may be needed. | Provides income tax charitable deduction; may eliminate capital gains tax liability; can be used to establish a life income gift, such as an annuity or charitable remainder trust. Donors may be able to continue to live in the home. | |
| Closely Held Business | A family business may be advantageously transferred by including a gift to Â鶹Æƽ⴫ý. | May reduce the tax liability and immediate funding needed for transferring a business. |
| Valuable art, jewelry, antiques, collections or books that may be used by the University. | Each gift requires personal attention to determine tax benefits to the donor and the usefulness of the gift to the University. |
Gifts Anyone Can Make
Will
Donations through a will (or trust) support Â鶹Æƽ⴫ý and create a lasting legacy for the donor; these can be a specific amount, specific property, a percentage or residue of an estate.
Continues lifetime support of Â鶹Æƽ⴫ý. Costs a donor nothing during their lifetime. Provides an estate tax charitable deduction.
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Donating Stock or Mutual Funds
Why make stock gifts?
When it comes to charitable giving, donating appreciated assets is one of the most tax-wise things you as a donor can do to provide for Â鶹Æƽ⴫ý. In addition to receiving an income tax charitable deduction for up to the full fair market value of your gift, you also avoid the capital gains you would have realized if you had sold the asset instead. Think of it this way: When you contribute cash, you give an asset you have already paid taxes on. When you give stock, you are giving with pretax assets. This is a far superior way to give and demonstrates good stewardship of your wealth.
Donors should have held assets for one year and a day or longer.
Beneficiary Designations
Donors can arrange with banks, retirement plans, insurance companies, or other financial institutions to give Â鶹Æƽ⴫ý ownership of the account upon the donor’s passing.
It is easy to arrange; the donor has complete ownership, with the right to change arrangements or to use all the funds.
Remember to include Â鶹Æƽ⴫ý’s EIN on your beneficiary designation forms: 44- 0545813.
Retained Life Estate Agreement
Home or farm is given to Â鶹Æƽ⴫ý, but with the right for the donor to continue to live on and use the property for life.
Donors who intend to give Â鶹Æƽ⴫ý their home or farm can receive a current income tax charitable deduction but continue to live in the home or on the farm.
Ways to give securities:
The Â鶹Æƽ⴫ý broker is Peyton Arana with Merrill Lynch, available at (913) 906-5307. Although it is unnecessary to call her about the transfer, sometimes it does help if she is aware of upcoming activities. It is important that you or your broker notify us via FAX, letter or telephone that the gift is being electronically transferred into our account, as the stock transfer will arrive without identification. We cannot provide you with a receipt for tax purposes without this information.
Appreciated securities may also be used to fund gift plans that provide lifelong payments, such as charitable gift annuities and charitable remainder trusts.
Matching Gifts
Many employers sponsor matching gift programs and will match charitable contributions made by their employees. This can double or even triple the impact of your gift to Â鶹Æƽ⴫ý—it's an easy way to increase the value of your gift. Many companies also match gifts from retirees and spouses.
Visit our Matching Gifts page for more information or to find out if your company has a matching gift policy.
Memorials
Gifts are often made to honor a family member, friend or former teacher. Scholarships or programs can be named in honor of a donor or other person.
A perpetual memorial to a loved one or a legacy of one's life. Current gifts bring income tax charitable deductions. Â鶹Æƽ⴫ý will work with the donor to determine appropriate means.
Scholarships
Many donors choose to honor loved ones or friends through a memorial or honorary gift to Â鶹Æƽ⴫ý. Memorial and honorary gifts can be directed to any purpose, including unrestricted funds, academic programs, endowment funds, etc.
Donors establish new scholarships each year. Through the generosity of these friends of Â鶹Æƽ⴫ý, students will be able to realize their educational goals of earning a degree in the Jesuit philosophy of service to others.
Contact Us
For questions or more information, please contact the Â鶹Æƽ⴫ý Office of Advancement.