Become a Partner in Our Mission
Ursuline relies on the generous support of donors as partners in educating young women for leadership. Contributions provide essential funds for financial need-based scholarships, competitive faculty compensation and professional development, long-term facilities maintenance, and other operating costs not covered by tuition.
There are many ways to give to Ursuline, and all help ensure the success of the school and our students.
“What distinguishes Ursuline is its passion to make a difference in every girl who walks through its doors, It's the drive of the teachers to provide a quality education for their students, the eagerness of the students to learn, and the unbreakable sisterhood that make Ursuline unlike any other school.”
Kendrick Hawkins, Class of 2019
Types of Gifts
- Gifts of Cash
- Matching Gifts
- Real Estate
- Charitable Remainder Trusts
- Memorial Gifts
- In-Kind Contributions
The most convenient form of giving, cash gifts may be made in the form of currency, checks, or by credit card. Gifts of cash, as allowed by law, are deductible for donors who itemize deductions. (Total charitable deductions in any year cannot exceed 50% of the taxpayer’s adjusted gross income. Contributions above 50% may be carried over for up to five subsequent years.)
Ursuline’s pledge program offers an opportunity for payments over two to five years, depending on the project and size of gift. Pledge giving is both flexible and tax-wise, allowing you to schedule charitable deductions in years that provide the most significant tax savings. Your pledge is recorded by completing a pledge card or letter of intent. Invoice arrangements are available.
Direct gifts of securities, especially appreciated stocks, can offer substantial tax savings. Federal income tax laws allow for deduction of the full market value of long-term appreciated securities, subject to an annual limitation of 30% of adjusted gross income. Any excess may be carried forward for five years. By giving appreciated stock, you may give a larger gift at less cost. For securities that have decreased in value, donors benefit from selling the stock and taking a loss for tax purposes, then contributing the cash to Ursuline.
Ursuline may accept gifts of houses, residential or commercial rental property, office buildings and undeveloped land. You can also make a gift of a personal residence, reserving the right to live in the house. This type of gift is called a “Life Estate Contract,” offering the donor a substantial charitable contribution deduction based on the value of the remainder interest in the residence.
You can establish a separate life income trust to provide wither a variable or fixed income, creating a charitable deduction for the remainder interest donated to Ursuline. Transfers are exempt from capital gains tax. The Charitable Remainder Unitrust provides income for you or a designated beneficiary based on a payout rate not less than 5% of the fair market value of the trust assets, determined annually. Income from the trust continues for the rest of your life, and in certain cases, may be passed on to a survivor. You may also establish an income interest for a parent or other individual you wish to support. With a Charitable Remainder Annuity Trust, the required annual income distribution amount is predetermined at a maximum of 5% of the fair market value of the Trust assets at the date the assets are transferred to the Trust.
When planning your estate, you can consider an outright bequest to Ursuline Academy. Also, certain bequests in trust are not subject to estate taxation. Because of special statutory tax benefits that are granted for charitable contributions, your exclusion is the face value of the gift rather than the actual cost, which may be considerably less.