The simplest way to support Ursuline Academy (UA) is through cash gifts. This form of giving makes an immediate impact and is fully tax deductible.

Long-term appreciated stocks and other securities may be transferred to UA. The donor may avoid capital gains taxes upon sale of the stock and be able to claim a charitable deduction.

Individuals age 70½ and older can donate up to $100,000 from their IRAs to Ursuline Academy tax-free. Donors do not receive an income tax charitable deduction. This provision allows donors to transfer money from their IRAs directly to Ursuline, without having to recognize the transfer as taxable income.

Gifts of real estate can include a personal residence, a vacation home, a farm or ranch, income-producing rental property or undeveloped land. Depending on the value of the real estate, the donor may be able to realize a charitable tax deduction and also avoid capital gains taxes.

A bequest through a will is the most common form of planned giving. This is an attractive option for donors who wish to retain control of their assets during their lifetime and assist UA at a future date. Bequests may designate a specific dollar amount, a percentage or the residual of an estate after taxes, expenses and family needs are met. Important estate tax savings may be realized through this type of gift.

An individual may contribute a paid-up life insurance policy, buy a new policy for UA, or contribute an existing policy. In addition, a donor may add UA as a partial beneficiary to an existing policy. The donor may benefit from an immediate tax deduction or other more complex tax benefits, depending on how the insurance is given.

An individual may donate real estate to UA while retaining the full use and enjoyment of the property. Ursuline Academy assumes possession of the property at the end of the donor’s or the surviving beneficiary’s lifetime. The donor may benefit from an immediate income tax deduction as well as future estate tax savings.

A donor may designate that UA receive any remaining assets from an IRA or other qualified pension or profit sharing plan. The donor maintains access to funds throughout his/her lifetime, and later gifts to the School are deducted from their taxable estate. This may provide considerable tax savings to the donor’s heirs.

Lead trusts are usually created for a term of years within which UA receives income. At the end of the trust period, the principal is passed on to the donor’s heirs.

Planned gifts help ensure the financial stability and future growth of Ursuline Academy. Consider arranging a charitable gift through your long-term estate or financial plans. Learn more here.