ANNUAL FUND
This academic year a new Annual Fund will be launched to ensure that the critical needs of the school are met while giving donors a recognizable 501(c)3 tax deductible contribution. The Annual Fund, which should become the cornerstone of the development program, raises unrestricted funds to support St. Elizabeth School’s greatest needs. This allows tuition increases to remain low and allows Dr. McCue and Msgr. Harahan to still advance the mission. The Annual Fund year begins July 1st and ends June 30th. Please consider participating at a level that allows St. Elizabeth School to be one of your top philanthropic priorities. In this inaugural year, a goal of $25,000 has been established. The more important goal is to secure 100% participation from every school family.
PLANNED GIVING
You have witnessed how your generosity has provided scholarships to keep a family in need in the school or how your generosity has allowed a major new infusion of technology in the classrooms such as the new Smart Boards. Yet, you may be intrigued to know that your continued generosity can have a lasting impact. Creating a Planned Gift will offer significant estate planning benefits for you. Your Planned Gift can be for a specific activity / need or for general purposes. And, of course, your legacy can be in memory of yourself or a loved one.
In economically challenging times, a CHARITABLE GIFT ANNUITY offers an immediate tax deduction, allows for a strong predictable rate of return, a stream of income for life, and establishes a lasting legacy in your honor or memorializes someone special.
LIFE INSURANCE is a wonderful way to make a larger gift than you thought possible. Simply name St. Elizabeth School as the beneficiary of an existing policy that no longer serves its original purpose. (There are several estate tax advantages to donating in this way.) If you wish to secure a new insurance policy and name St. Elizabeth School the owner and beneficiary, your annual premiums are then made to St. Elizabeth’s and thus are tax deductible.
BEQUEST
You may decide that the best way to make a lasting difference is to remember St. Elizabeth’s in your will. When you update your estate plan, simply include St. Elizabeth School in your will. You can specify a specific amount or a percentage of your residuary estate.
THE ENDOWMENT FUND
An endowed gift is a donation that is maintained by St. Elizabeth School in perpetuity. The principal amount (corpus) will always remain intact – only a percentage of the interest and appreciation from the fund is used each year for the purpose you specify. The remaining interest and appreciation helps the endowment grow and keep pace with inflation. An appointed Investment Committee oversees these funds and is guided by an approved Investment Policy that has specific asset allocations. You may contribute to the overall school endowment fund or create your own named endowment.
This is often the best instrument to set up a named scholarship fund. A named endowment may be established for a minimum of $10,000 and may be made in a single donation or pledged to St. Elizabeth School over a period of years. This fund may be named in memory of a family member, a respected faculty member, friend or yourself.
