There are several ways you can support Catholic Education at Mater Dei Catholic School:
Charitable Gift Annuity
By funding a charitable gift annuity, you can accomplish two very important objectives: Insuring that Catholic Education at Mater Dei Catholic School will be available after your life, as well as receiving guaranteed fixed income for as long as you or a loved one live with an immediate charitable income tax deduction for a portion of the annuity as defined by tax law.
Gifts from Retirement Plans
Gifting assets accumulated through Retirement Plans can be a practical way to support a 501(c)(3) charity. Tax-free IRA Rollover up to $100,000 per year is now permitted by IRS and it counts toward your “Required Minimum Distribution” (RMD) if you are over age 70 1/2. Other retirement plan gifts may also qualify for “direct gifts from the plan to the charity”. You can consider a charitable gift using all or a part of your mandatory withdrawal amount (RMD).
Life Insurance Gifts
When you gift a life insurance policy to Mater Dei Catholic School, you may be able to give a larger gift than you otherwise thought possible. You simply designate Mater Dei Catholic School as the beneficiary on a new or existing policy, which allows you to take a tax deduction for the cost of your annual premiums, among other tax advantages. Your tax consultant will advise you on your personal tax issues.
Gifts of Securities
Gifts of securities require special handling, but these allow you to gift “appreciated” securities without your paying tax on the appreciation. Consult your tax advisor. These security gifts can be electronically transferred into our “Univest Trust Account”.
Bequest through Your Will or Living Trust
Recent changes in estate tax law may allow you to give more to charities now and in the future. After providing for your current beneficiaries, you may include a gift to Mater Dei Catholic School in a specific amount, a percent of your estate, or a certain property. You may simply donate whatever is left after providing for your loved ones.
Gifts of Cash
The Mater Dei Annual Fund solicits financial help each year for special upgrades for the technology aids, teaching aids, or needed building facilities upgrades. Cash or checks can simply be made to Mater Dei Catholic School, or you can make you gift online.
Contact the Advancement Office, Grace Samanns (215-368-9787), if you are interested in additional information on items other than a cash donation.