Cash Contributions: Gifts of cash immediately go to work to
help St. Michael Catholic School. Gifts of cash may be made outright or pledged over a period of time. Coming soon, click on the “Donate Now” button to donate on line. If you
prefer, checks should be made payable to St. Michael Catholic Church and School and can be sent to us at:
542 Cypress Avenue, Garden City, South Carolina 29576.
Stocks/Securities: St. Michael Catholic School welcomes contributions
of appreciated securities, such as stocks, bonds and
mutual fund shares. Credit
is given for the mean value of the high and low prices of the stock on the date
of transfer. If
you wish to make a gift of securities, please call (or have
your broker call) the school office at 843-651-6795 for
instructions on making
the transfer.
Estates and Bequests: A gift made through your will may be
the easiest way for you to make a contribution to support our school. A bequest
is one of the simplest ways to remember those — including charitable
organizations like St. Michael Catholic School — you care about most. If you
are planning to make a bequest, there are some points to ponder to ensure your
gift will be tax-deductible, and some simple standard language to include in
your will. For more information on the generally accepted ways to make a
bequest in your will, please contact Debbie Floyd in our school office.
Retirement Plan Assets: Naming St. Michael Catholic School as a
beneficiary of an IRA, 401(k) or 403(b) can reduce
taxes and result in a significant gift to help
our school. You are aware that the accumulation of assets in your retirement
plan is the basis for a
financially secure future. To preserve your retirement assets after your lifetime, consider the
benefits of
using them in a totally different way. Retirement accounts are often exposed to income taxes and
estate taxes
at a combined marginal rate that could rise to 65 percent or even
higher on large, taxable estates. Yet many of these taxes
can be avoided or
reduced through a carefully planned charitable gift. Other considerations
come into play when deciding
on using retirement plan assets for charitable
giving. Your account can pass directly to a charitable organization as your
primary beneficiary, or it can be transferred to a deferred giving arrangement
that will pay an income for life to a family
member, after which the remaining
assets pass to the organization. You might even consider a deferred gift that
is
designed to pay a life income to yourself. For more information, please
contact Debbie Floyd in the school office.
School as a beneficiary of your life insurance policy. Life insurance can be a
tool with many purposes. For example, it can provide liquidity for paying taxes
and other expenses at death. But some of the most satisfying uses for life
insurance policies are connected with charitable giving. If you have a life
insurance policy you no longer need, you might consider contributing it to a
charitable cause in which you believe, such as St. Michael Catholic School.
Purchasing a new policy and naming the SMCS as beneficiary is another
possibility. Perhaps you are considering a sizable bequest to SMCS, provided
your family’s future inheritance is not affected. Life insurance can play a
part in meeting this goal, too, by replacing for your heirs the amount donated.
In-Kind Gifts: are donations of tangible
personal property, such as art and antiques, jewelry, stamps and
coins.
Some donors opt to sell the property and give the proceeds to SMCS.
However, you may be better served from a tax
perspective if you give the
property directly to the SMCS or leave it to the SMCS in a
bequest so you can continue to enjoy
it during your lifetime.
Matching Gifts: Many employers sponsor a matching gift
program that can double — or even triple an employee’s
contribution of cash or securities. Ask your Human Resources Office whether your employer has such a
program; if so,
please send a matching gift form to SMCS. (For recognition
purposes, you will receive credit for the total
donation.) Corporations,
partnerships and other entities that make gifts to SMCS may take a
deduction for their
contribution. If you own a closely held business, you may
benefit by having the business make gifts directly to SMCS rather
than making them personally.
estate, consider a new option. If you’d like to help fulfill our mission, your
property opens the door to a unique giving opportunity: donate the property to
us. You can give the property outright, place it in trust, retain the use of it
for life or give it by will. All of these methods will enable you to enjoy
personal financial benefits while supporting our work.