Planned Giving
Br. George Synan Planned Giving Society
Planned giving at De La Salle Collegiate provides alumni, parents, and friends with a meaningful way to ensure that the Lasallian mission continues to shape the lives of young men for generations to come.
Through membership in the Brother George Synan Society, donors can create a lasting legacy by including De La Salle in their estate plans through gifts such as bequests, trusts, retirement assets, or life insurance.
Named in honor of Brother George Synan, a dedicated Christian Brother whose lifelong commitment to Catholic education reflected the spirit of generosity and faith that defines our community, the society recognizes individuals who have chosen to support De La Salle’s future in this special way. These thoughtful gifts help sustain scholarships, strengthen academic programs, and preserve the traditions of brotherhood, faith, and excellence that have guided De La Salle Collegiate for nearly a century.
To make a planned gift, contact the Director of Planned Giving, Vito Chirco, '11 at vchirco@delasallehs.com or call 586-541-6211.
"I haven't been a student at De La Salle for many years now, but I do know it's still one of the greatest places of education for High School boys looking to become men. Anyone who has the opportunity to attend DLS should do so.
I chose to donate to the Brother George Synan Planned Giving Society to ensure that no student would be unable to attend DLS for lack of funds. This philosophy is derived from the school's founder, St. John Baptist de La Salle.
For this reason, the Br. George Synan Planned Giving SOciety was created and continues to exist to this day."
How to Give:
- Bequests
- IRA Rollover
- Donor Advised Funds
- Beneficiary Designation Gifts
- Charitable Remainder Unitrust
- Charitable Remainder Annuity Trust
- Charitable Lead Trust
- Sale and Unitrust
- Bargin Sale
- Give It Twice Trust
- Life Estate Reserved
- Blended Gifts
- Pool Income Fund
- Unitrust and Special Needs Trust
- Gift & Bequest
- Endowmment Gifts
Bequests
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to De La Salle Collegiate that will make a lasting impact.
Benefits of a bequest
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Receive an estate tax charitable deduction
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Reduce the burden of taxes on your family
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Leave a lasting legacy to charity
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or De La Salle Collegiate as part of your estate plan, or you can make a bequest using a beneficiary designation form.
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or De La Salle Collegiate as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Here are some of the ways to leave a bequest to De La Salle Collegiate:
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Include a bequest to De La Salle Collegiate in your will or revocable trust
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Designate De La Salle Collegiate as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
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Name De La Salle Collegiate as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
Click Here to review sample bequest language.
IRA Rollover
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $111,000 from your IRA to our organization
- May satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of our organization
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to us
- Your IRA funds will be directly transferred to our organization to help continue our important work
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
- Please contact us if you wish for your gift to be used for a specific purpose
Gifts from your IRA
If you are 70½ or older, you can use your IRA to fulfill your charitable goals. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.
Donor Advised Funds
A donor-advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving.
You enjoy several benefits with your donor-advised fund
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax and cost-efficient alternative to a private foundation
- Obtain a charitable income tax deduction in the year of your gift
How a donor-advised fund works
- You make an initial, irrevocable gift of cash or stock to fund a DAF at a sponsoring organization
- The assets in your DAF grow tax-free
- You make annual recommendations on gifts to be made from your DAF
Gifts from your donor-advised fund
Your donor-advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants to us and other nonprofits. We will acknowledge your generous gift as a DAF distribution.
Your donor-advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants to us and other nonprofits. We will acknowledge your generous gift as a DAF distribution.
Beneficiary Designation Gifts
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension, or other tax-deferred plan, is an excellent way to make a gift to De La Salle Collegiate.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
Benefits of gifts of retirement assets
- Simplify your planning
- Support the causes that you care about
- Continue to use your account as long as you need to
- Heirs can instead receive tax-advantaged assets from the estate
- Receive potential estate tax savings from an estate tax deduction
How to make a gift of retirement assets
To leave your retirement assets to De La Salle Collegiate, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate De La Salle Collegiate as the beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
To leave your retirement assets to De La Salle Collegiate, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate De La Salle Collegiate as the beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Future gifts from your retirement assets
Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step-up in basis, such as real estate and stock, and give the retirement assets to De La Salle Collegiate. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step-up in basis, such as real estate and stock, and give the retirement assets to De La Salle Collegiate. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Charitable Remainder Unitrust
You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need!
Benefits of a charitable remainder unitrust
- Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
- Avoid capital gains on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the trust
- Establish a future legacy gift to our organization
How a charitable remainder unitrust work
- You transfer cash or assets to fund a charitable remainder unitrust.
- In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
- The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
- You receive an income tax deduction in the year you transfer assets to the trust.
- Our organization benefits from what remains in the trust after all the trust payments have been made.
Charitable remainder unitrust for income. A charitable remainder unitrust pays you income that reflects the value of the trust's assets. Your income has the potential to increase over time as the trust grows in value.
How to select the right unitrust payout. There are several unitrust payout options to meet your needs. The best payout option may depend on the nature of the asset used to fund the trust. We would be happy to work with you and your tax advisor to determine which payout option is best for you
Charitable Remainder Annuity Trust
You may be looking for a way to receive fixed income for life or a number of years. You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.
Benefits of a charitable remainder annuity trust
- Receive fixed income for life or a term of up to 20 years
- Avoid capital gains tax on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to De La Salle Collegiate
How a charitable remainder annuity trust works
- You transfer cash or assets to fund a charitable remainder annuity trust.
- In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
- The trust is invested to pay fixed income to you or any other trust beneficiaries you select based on a life, lives or a term of up to 20 years.
- You receive an income tax deduction in the year you transfer assets to the trust.
- Our organization benefits from what remains in the trust after all the trust payments have been made.
More on charitable remainder annuity trusts
If you are tired of the fluctuating stock market and want to receive fixed payments, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays a fixed amount each year based on the value of the property at the time the trust is funded.
If you are tired of the fluctuating stock market and want to receive fixed payments, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays a fixed amount each year based on the value of the property at the time the trust is funded.
Charitable Lead Trust
If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option.
Benefits of a charitable lead trust
- Receive a gift or estate tax charitable deduction
- Pass inheritance on to the family at a reduced or zero cost
- Establish a vehicle from which you can make annual gifts to charity
How a charitable lead trust works
- You make a contribution of your property to fund a trust that pays De La Salle Collegiate income for a number of years.
- You receive a gift or estate tax deduction at the time of your gift.
- After a period of time, your family receives the trust assets plus any additional growth in value.
Sale and Unitrust
Are your appreciated assets, such as stock, bonds or real estate, producing little or no income?
If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.
Benefits of a sale and unitrust
- Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs or to meet some other financial goal
- Receive income from the unitrust for the rest of your life and future retirement
- Obtain an income tax deduction that may reduce your tax bill this year
- Further the work of De La Salle Collegiate with your gift
How a sale and unitrust works
- You establish a charitable remainder unitrust and transfer a portion of your assets to the trust.
- The assets are then sold. You receive cash from the sale, and the rest of the sale's proceeds are paid to the charitable unitrust.
- The trust will provide you with income for the rest of your life.
- You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.
More on sale and unitrust
When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you in determining if you should utilize this strategy.
When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you in determining if you should utilize this strategy.
Bargin Sale
Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.
Benefits of a bargain sale
- Avoid capital gains tax on your charitable gift
- Receive a tax deduction that will reduce your tax bill this year
- Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
- Help De La Salle Collegiate further our important charitable work
How a bargain sale works
- You sell De La Salle Collegiate your property for a price less than fair market value.
- You receive cash from the sale.
- You can take a charitable deduction for the value of your gift, which is the difference between the fair market value of the property and the sale price.
- While you may owe some tax on the sale proceeds you receive from De La Salle Collegiate, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.
More on bargain sales
A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.
A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.
Give It Twice Trust
You may be looking for a way to provide your children with income while making a gift to De La Salle Collegiate. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.
Benefits of a give-it-twice trust
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Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
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Create an estate tax deduction and savings from the charitable gift
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Support the important charitable work of De La Salle Collegiate
How a give it twice trust works
- We can help you and your attorney with the process of creating a charitable remainder unitrust.
- You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
- When you pass away, the custodian will transfer your retirement account to the charitable trust.
- The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
- At the conclusion of the payments, the balance of the trust will be transferred to De La Salle Collegiate.
Provides Tax Savings. The give-it-twice trust produces income and estate tax savings.
Promotes Fairness. The give it twice trust establishes a mechanism that will help you treat each of your children equally. This can help promote peace in your family.
Teaches Your Children. Give children income rather than a lump sum. Studies of inherited wealth have concluded that many children spend lump sum inheritances, whereas they learn to be more responsible with inheritances paid out over time.
Life Estate Reserved
You may desire to leave your home or farm to De La Salle Collegiate at your death, but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!
Benefits of a life estate reserved
- Receive a federal income tax deduction for the value of the remainder interest in your home or farm
- Preserve your lifetime use and control of your home or farm
- Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child
How a life estate works
- You deed your home or farm to De La Salle Collegiate. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
- You and De La Salle Collegiate sign a maintenance, insurance, and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
- When the owners of the life estate have passed away, your home or farm will belong to De La Salle Collegiate. We will use or sell the property to further our charitable work.
Life Estates Work for Spouses Too - The life estate can last for your life or based on your life and that of another person, such as a spouse or loved one.
Mortgage Debt - It is possible for you to make a gift of your property even though there is a mortgage on the residence.
Maintenance Issues - You will be responsible for the maintenance, insurance, and taxes on the property, just as you were prior to creating the life estate.
Life Estates Are Flexible - If, at some point in the future, you are no longer able to live independently in your home, we may be able to help you use your life estate to create a lump sum cash payment (with a joint sale) or create an income stream (using the life estate to fund a charitable remainder trust or charitable gift annuity).
Blended Gifts
There are many combination gift options that can make your giving go farther than a simple gift of cash or property. Blended gifts are gifts that help you see the impact of your giving today and continue to support our mission in the future.
Benefits of blended gifts
- Increase the impact of your giving
- Preserve wealth for you and your family
- Enjoy greater tax savings
- See the results of your giving today
How blended gifts work
- A planned gift can be added to your annual cash or property gifts this year to increase the impact of your giving, provide greater tax savings, preserve wealth for you and your family, and further our mission.
- Some ideas for you to consider include a charitable bequest, a charitable gift annuity, and a charitable remainder unitrust.
- If you have already included a bequest in your will or created another planned gift, you could begin to see the impact of your giving today by making outright gifts of cash or property. You can avoid capital gains taxes by making a gift of your real estate, stock, or other appreciated investments.
More on blended gifts
Are you interested in giving to a campaign or making a significant gift this year? Are you thinking about making a bequest or multi-year gifts? Blended gifts use a variety of giving strategies by combining the power of current gifts and planned gifts including bequests. Blended gifts can be a very attractive way for you to achieve your financial, tax and estate planning goals.
Are you interested in giving to a campaign or making a significant gift this year? Are you thinking about making a bequest or multi-year gifts? Blended gifts use a variety of giving strategies by combining the power of current gifts and planned gifts including bequests. Blended gifts can be a very attractive way for you to achieve your financial, tax and estate planning goals.
Pool Income Fund
De La Salle Collegiate's pooled income fund is a special charitable fund. You can make a gift to our pooled income fund and receive tax and income benefits in return.
Benefits of a pooled income fund
- Receive lifetime payments to you or another beneficiary that you designate for life
- Receive a charitable income tax deduction for the present value of your gift to the fund
- Further, the charitable work and mission of De La Salle Collegiate
How a pooled income fund works
- You transfer cash or property to De La Salle Collegiate's pooled income fund.
- Your gift is "pooled" together and invested with the gifts of other donors.
- You receive a charitable income tax deduction for your gift to us.
- You enjoy annual payments for life based on the value of the pool's assets and your share in the fund.
- You also receive satisfaction knowing that you will be helping further our mission.
More on pooled income funds
Pooled income fund returns vary depending on the nonprofit organization that maintains the fund. Please check with us on your potential payment and tax savings.
Pooled income fund returns vary depending on the nonprofit organization that maintains the fund. Please check with us on your potential payment and tax savings.
Unitrust and Special Needs Trust
If you are looking for a way to provide for a loved one who has special needs, and also make a gift to us, a charitable remainder unitrust and a special needs trust arrangement could help you achieve your objectives. The charitable remainder unitrust will make payments to the special needs trust, which in turn will provide support and care for your loved one. Eventually, the charitable remainder trust will go to charity to help us further our mission.
Benefits of a Unitrust and Special Needs Trust
- Establish a way to provide for your loved one
- Avoid capital gains if the unitrust is funded with appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the unitrust
- Leave a legacy gift to our organization
How a Unitrust and Special Needs Trust Works
- You transfer cash or assets to fund a charitable remainder unitrust.
- The unitrust is invested and will make payments to the special needs trust for your loved one's lifetime or a term of up to 20 years.
- You receive an income tax deduction in the year you transfer your assets to the unitrust.
- Our organization benefits from what remains in the unitrust after all payments have been made.
If you are not in a position to make a gift to fund a charitable remainder unitrust during your lifetime, another option is to establish a testamentary unitrust that is funded through your estate. Your gift will provide support and care for your loved one with special needs after you are gone. The unitrust remainder will be used to help further our mission.
Gift & Bequest
A gift and bequest is a combination of a current gift and a charitable gift made in your will or trust. It is an easy way to support our cause today and make a lasting future impact on De La Salle Collegiate.
Benefits of a gift and bequest
- Receive a charitable income tax deduction for your gift made to us this year
- Continue to use and control your assets during your lifetime
- Leave a lasting legacy through a bequest to support our work after you are gone
How a gift and bequest works
- You can make a gift to support our work this year by contacting us or visiting our website. A charitable bequest is a way to make your giving go further. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to De La Salle Collegiate as part of your estate plan, or you can make a bequest by designating us as a beneficiary of your retirement account or life insurance policy.
Endowmment Gifts
You can leave a legacy to perpetually support the causes you love with an endowment gift. An endowment is a fund you can create now or in the future to achieve the impact you desire. The income earned on your endowment will provide lasting annual support to your charitable causes.
You enjoy several benefits with an endowment gift
- Establish an endowment during your lifetime and see the impact each year
- Benefit from an income tax deduction in the year you make your gift
- Avoid capital gains tax on an endowment gift of appreciated property
How an endowment gift works
- You make an initial gift to fund an endowment
- The assets in your endowment are invested to earn income
- The income is distributed annually to achieve your desired impact
- You can make additions during your lifetime or supplement your endowment with your estate plan
Income distributed from your endowment
At the time you create your endowment, you sign an endowment agreement that details the scope and desired impact of your endowment funds. Your funds will generally be invested to produce stable, predictable growth. Each year, a set percentage of your endowed funds will be distributed according to your endowment agreement.
At the time you create your endowment, you sign an endowment agreement that details the scope and desired impact of your endowment funds. Your funds will generally be invested to produce stable, predictable growth. Each year, a set percentage of your endowed funds will be distributed according to your endowment agreement.
What to Give:
- Gift of Stocks & Bonds
- Gifts of Real Estate
- Gifts of Retirement Assets
- Gifts of Cash
- Gifts of Insurance
- Gifts of Mineral Interests
- Gifts of Business Interests
Gift of Stocks & Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to De La Salle Collegiate.
Benefits of gifts of stocks and bonds
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to make a gift of stocks and bonds
- By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to De La Salle Collegiate.
- By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on gifts of stocks and bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock prices on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock prices on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property, can make a great gift to De La Salle Collegiate.
Benefits of gifts of real estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy to De La Salle Collegiate
How to make a gift of real estate
Your real property may be given to De La Salle Collegiate by executing or signing a deed transferring ownership. You may deed part or all of your real property to De La Salle Collegiate. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal
Your real property may be given to De La Salle Collegiate by executing or signing a deed transferring ownership. You may deed part or all of your real property to De La Salle Collegiate. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal
Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
Difficult Property Gifts - Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.
Capital Gains Tax - Check with us on the capital gains tax implications of your gift. You may also be interested in life income options.
.Gifts of Retirement Assets
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to De La Salle Collegiate.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
Benefits of gifts of retirement assets
- Avoid potential estate tax on retirement assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
How to make a gift of retirement assets
To leave your retirement assets to De La Salle Collegiate, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate De La Salle Collegiate as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
More on gifts of retirement assets
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to De La Salle Collegiate. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Gifts of Cash
A donation of cash is a simple and easy way for you to make a gift.
Benefits of gifts of cash
- You can make an immediate impact on our mission
- You can take a charitable income tax deduction
How to make a gift of cash
Mailing a gift of cash - You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
Mailing a gift of cash - You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
More on gifts of cash
Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by De La Salle Collegiate until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!
Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by De La Salle Collegiate until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!
Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to De La Salle Collegiate. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to De La Salle Collegiate. For example, you may have purchased a policy to provide for minor children, and they are now financially independent adults.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If De La Salle Collegiate retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If De La Salle Collegiate cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include De La Salle Collegiate as the beneficiary of your policy.
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include De La Salle Collegiate as the beneficiary of your policy.
Gifts of Mineral Interests
A gift of mineral interests (oil, gas, gold, silver or other precious metals) is an excellent way to make a gift to De La Salle Collegiate.
Benefits of gifts of mineral interests
- Receive a charitable income tax deduction
- Avoid income tax on royalties
- Receive lifetime payments
How gifts of mineral interests work
- Gift of all or a portion of your land - If you own land with mineral rights, a gift of all or part of your land can produce a direct tax benefit to you and help our work. You will receive a charitable income tax deduction in the year you make your gift.
- Gift of royalties - If the income from your oil or mineral rights is pushing you into the upper tax brackets with higher rates and fewer deductions, consider a gift of your royalties. By giving us a portion or all of your royalties, you can lower your income and taxes while achieving your charitable goals.
- Charitable life estate - If you want to make a gift to us while continuing to use your home or farm during your life, consider a charitable life estate. You will receive an income tax deduction for your gift to us. Check with us on the rights and responsibilities that go along with this agreement.
- Charitable remainder trust - To maintain the most income while also maximizing charitable intent and charitable deductions, place your land into a charitable remainder unitrust. You will receive payments for your life or a term of up to 20 years and an income tax charitable deduction. Our mission will benefit from the remaining value.
More on gifts of mineral interests
Gifts of mineral interests are valuable property rights. You can use your mineral rights to fund a variety of different planned gifts.
Gifts of mineral interests are valuable property rights. You can use your mineral rights to fund a variety of different planned gifts.
Gifts of Business Interests
As a business owner, you have the opportunity not only to build your business and accumulate wealth for yourself and your family, but also to accomplish your philanthropic goals through charitable planning. A gift of your corporate stock or assets can provide you with tax and income benefits and help further our mission.
Benefits of gifts of business interests
- Receive a charitable income tax deduction
- Avoid tax on the sale of your business stock or assets
- Receive lifetime payments if your business stock or assets are used to fund a planned gift
How gifts of closely held stock work
- Give a percentage of your voting or non-voting shares in your business to us outright and receive an income tax deduction. We will hold your shares for a future sale or redemption and can use any dividends paid for our charitable purpose.
- Give a percentage of your voting or non-voting shares in your business for a donor-advised fund (DAF) and receive a charitable deduction. The DAF will hold your shares for a future sale or redemption and can use any dividends paid for charitable grants. On an annual basis, you can advise us on how to make grants from the fund to your favorite charitable causes.
- If your corporation is an S corporation, there are special rules that apply to gifts of corporate stock. Please contact us to discuss the most tax-efficient way to structure your stock gift.
How gifts of business assets work
- If your business makes a gift of a non-inventory asset, it will receive a charitable income tax deduction based on the appraised fair market value of the asset.
- The income tax deduction for a gift from a business is limited to 10% of the corporation's taxable income. Your business may carry forward any unused deduction up to five years.
- If your business is an S corporation, the charitable deduction will flow through to the shareholders in proportion to their ownership interest. Check with us on the most tax-efficient way to make a gift of corporate assets from your business
Business Succession Planning and Charity - When you are ready to sell your business, before you sign a binding agreement, consider a charitable gift to reduce or completely avoid capital gains on the sale. If you give enough of an interest in your business to us or a donor-advised fund, you can use the resulting charitable income tax deduction to offset part or all of the capital gains on the interest you retain and sell.
Tax Planning Strategies for Business Owners - If you would like to sell your business and receive income, ask us how you can transfer part or all of your business stock or assets to fund a charitable remainder trust. The trust will sell your business interest tax-free and pay you (and your spouse) income for life. You will receive a charitable income tax deduction to further offset any capital gains.