Ways to Give
There are numerous ways to give to Aquinas Catholic Schools and the Aquinas Catholic Schools Foundation. Whether you wish to make an annual gift or a special one-time gift, we have a tailored giving program to meet your needs. Your generous support makes Catholic education a reality for children in our community.
The most common gift is cash. Cash gifts are tax deductible to the amount limited by law. Some employers match part or all of these gifts.
Gifts of Securities
A gift of appreciated securities lets you make a significant contribution at a reduced cost to you. Federal tax laws allow a charitable deduction for the full market value of the securities on the date of your gift.
Gifts of Real Estate
A residence, farm, acreage or vacant lot may have so appreciated in value that its sale would mean a sizable capital gains tax. Gifting the property eliminates this tax and allows the donor to receive a charitable deduction for the full fair market value of the property. It is also possible to gift your home and continue to use it for your lifetime while receiving a current income tax deduction. Prospective real estate gifts must be evaluated before they are accepted by the school system.
Memorial or Honorary Gifts
Commemorative gifts may be made to recognize a loved one or in honor of a relative, classmate, or faculty member.
The most common way of making an appreciated gift in your estate plans is to include the Aquinas Foundation as a beneficiary in your will. A bequest can also be made by a codicil - an amendment to or modification of your existing will.
Lifetime Income Trusts
If you wish to make a gift but do not wish to give up the income on the capital involved, you may consider a Life Income Trust. There are several types of charitable trusts available.
A gift of life insurance can provide a significant charitable deduction. You can purchase a new policy or donate one which you already own. You can receive a tax deduction equal to the premium if you designate the school as both owner and beneficiary of the policy. A charitable deduction for the total cash value plus future premiums you pay is allowed for "in-force" policies.
Please consult your tax advisor regarding the tax treatment of your gift.