Giving

WAYS TO GIVE

The Annual Fund is the cornerstone of giving to St. Mary School. The Annual Fund comprises unrestricted giving from all sources that support all school programs and activities. Teacher salaries, scholarship aid, technology and building maintenance are all funded in part by annual giving. The school can put such gifts to use in areas where they are most needed.

Endowment funds ensure St. Mary’s future as an institution of the highest quality. Gifts specified for endowment purposes can be designated to support scholarships, teacher salaries, or general purposes, as well as to fund new program development.

Memorial gifts, in memory of someone you love or admire, can be a particularly meaningful way to contribute to St. Mary. A memorial gift may be made to the Annual Fund gift and may be restricted or unrestricted.

Gifts in kind are non-cash gifts of property such as computers, books, scientific equipment, art materials, etc. Gifts in kind also make important gifts. The fair market value of such items is deductible for income tax purposes. A formal appraisal is required by the IRS for gifts in kind valued at over $5,000.

FORMS A GIFT CAN TAKE

Cash: Your gift of cash provides immediate tax savings through deductions and provides St. Mary with funds for current use.

Securities: You can make such gifts in person, through a broker, or through the mail. For tax purposes, the value of the gift is recorded as the average market value on the date of delivery (or if mailed, on the postmark date). If transferred through a broker, the gift’s value is determined by the date of transfer as recorded in the books of the corporation.

Will: Remembering St. Mary in your will is a special and effective way to ensure that the ideals you value will be perpetuated. It also reduces the taxable portion of your estate.

Life Income Gifts:  With a life income gift, you assign cash, securities, or other assets irrevocably to St. Mary. They are then invested to pay a lifetime percentage or fixed amount to you, to succeeding beneficiaries, or to whomever you designate. Income is paid monthly, quarterly, semi-annually or annually. Upon the death of the last surviving beneficiary, the School may use the assets either as needed or for a specific purpose which you have designated.

Personal Property: Gifts of valuable art works, furniture, jewelry, antiques, rare books and manuscripts can increase the School’s educational resources in many ways.

Real Estate:  You can offer real estate as an immediate gift or to fund a trust. You may even arrange for lifetime occupancy after making your gift, thereby gaining a tax deduction and eliminating local taxes while still enjoying the comforts of home.

Life Insurance: At a relatively low cost to you, a life insurance policy, which names St. Mary as beneficiary, can have a real impact. Legal or financial advisers can best help you determine the vehicle most advantageous and appropriate to you.

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Phone 508-842-1601
FAX    508-845-1535

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St. Mary School
16 Summer Street
Shrewsbury, MA  01545

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