Stocks, Mutual Funds & Other Investments
When you donate appreciated stocks or mutual funds to support our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the securities’ fair market value at the time of the transfer.
For more information about how to transfer your securities to St. Thomas More, please email John Hoch at [email protected] or call him at 414-481-8370 x 106.
Individual Retirement Accounts (IRA)
Donors who are 70½ and older can give any amount (up to $100,000 per year) from their IRA directly to St. Thomas More without having to pay income taxes on that Qualified Charitable Distribution (QCD). Beginning in the year you turn 72, you can use your gift to satisfy all or part of your Required Minimum Distribution (RMD). For more information, please contact your estate/financial planner.
Donor-Advised Funds (DAF)
A Donor-Advised Fund (DAF), which acts like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to St. Thomas More and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts. You receive a federal income tax charitable deduction at the time of your contribution to your DAF.
Listing St. Thomas More as a beneficiary in your will allows you to leave a permanent legacy for our students. Other financial planning instruments, such as charitable remainder trusts, life insurance, and 401(k) plans, can also be utilized to support St. Thomas More while helping you avoid income and estate taxes. To discuss how you can maximize your legacy at St. Thomas More, please contact your estate/financial planner.
A lifelong supporter of St. Thomas More, Leonard Gigowski (SF ‘43) provides an example of the enormous impact that can be made through effective planned giving. To read more about Leonard’s story, please click here.
Life Insurance, Retirement Plans, and Other Investments
You can support St. Thomas More after your lifetime by designating the school as a beneficiary of life insurance policies, retirement plans, donor-advised funds, or commercial annuities. Simply request a change-of-beneficiary form from your policy administrator, make your desired changes, and return the form to establish your gift.
St. Thomas will also accept donations of goods and services that can be used to enhance the educational experience for our students. These gifts can be tangible goods, such as musical instruments, or services, such as painting or landscaping work. You may receive an income tax deduction based on the value of the donated good/service. To discuss donating an item or service, please contact Kevin Russell.