Skip to main content
Main Menu Toggle
Giving » Planned Giving

Planned Giving

 

Planned giving is a way to make a gift to Sacred Heart Schools that can provide you with tax benefits and/or other financial advantages. There are many different types of planned gifts, and the benefits will vary depending on the type of gift you make. 

 

Some of the most common types of planned gifts include: 

  • Charitable remainder trusts: These trusts provide you with an income stream for life or a specified period of time, and then the remaining assets in the trust go to Sacred Heart Schools.
  • Charitable gift annuities: These annuities provide you with a guaranteed income stream for life, and then the remaining assets in the annuity go to Sacred Heart Schools.
  • Life insurance gifts: You can name Sacred Heart Schools as the beneficiary of your life insurance policy, or you can donate a policy to Sacred Heart Schools.
  • Gifts of appreciated property: You can donate appreciated property to Sacred Heart Schools and deduct the fair market value of the property, even if you paid less for it.
  • Bequests: You can leave a gift to Sacred Heart Schools in your will or living trust.
  • Donor Advised Funds: A donor advised fund, or DAF, can be invested for tax-free growth, and you can recommend grants to Sacred Heart Schools.
  • Gifts from your IRA: If you are 70 ½ years or older and have a traditional IRA, you are eligible to make a tax-free donation directly from your IRA to Sacred Heart Schools called a Qualified Charitable Distribution (QCD). For those aged 73 and older, Qualified Charitable Distributions can count towards your required minimum distribution, allowing you to use your IRA to support SHS.

 

Here are some of the benefits of planned giving: 

  • Tax benefits: Planned gifts can provide you with significant tax benefits, including charitable deductions, estate tax exemptions, and income tax deferral.
  • Financial security: Planned gifts can help you to ensure your financial security during your lifetime and beyond.
  • Legacy: Planned gifts can help you to leave a lasting legacy and make a difference in the world.

 

Plan Now! 
We can help you discover the best ways to meet your financial and philanthropic goals.  Contact Tina Miller Kauffmann ’84, Vice President for Advancement, at [email protected] or 502-736-6447 for more information.