To make a gift today, use our secure online giving form at archive.albertusmagnus.net under Giving.
To make a gift via phone, call: 845-623-8842 ext 229 and
we can accept your credit card by phone.
To send a check, please make the check payable to Albertus Magnus.
Our address is:
Albertus Magnus High School,
Office of Advancement
798 Route 304
Bardonia, NY 10954.
Make Next Year’s
Gift Now and Save Taxes
Depending upon your tax circumstances, you may want to consider
expediting your future charitable giving today to maximize your deduction.
Taxpayers are able to reduce the amount of their income subject to tax through
the use of deductions. The federal tax code offers two methods to accomplish
this: using the standard deduction or itemization. The taxpayer will choose the
method that gives them the higher deduction. By “front loading” charitable
gifts in future years for 2018, this strategy could help you
exceed the standard deduction and thus save you on your tax bill.
Many employers sponsor matching gift programs and will match any
charitable contributions or volunteer hours made by their employees. These
programs allow you to increase your gift to Albertus Magnus High School. If you
or your spouse work
for a company who has a matching gift program, request a matching
gift form from your employer or find it on the Human Resource site. Once
completed, please forward to the Office of Advancement.
GIFT OF SECURITIES
Gifts of appreciated securities or stocks can be one of the most
advantageous ways of giving to Albertus Magnus High School. Donors receive a
tax deduction for the full market value of the stock or security, computed on
the day of their transfer, while
bypassing all capital gain taxes on the appreciated value of that
stock or security. It is the policy of Albertus Magnus to sell all gifts of
stock as soon as they have been transferred to its brokerage account.
CHARITABLE DISTRIBUTIONS (“QCD”) FROM YOUR IRA
Owners of individual retirement accounts who are at least age 70 ½
can make a direct transfer of funds from an IRA, payable to a qualified
charity. This is called a qualified charitable distribution (or “QCD”). QCDs
can be counted toward satisfying your required minimum distribution (“RMDs”)
for the year, as long as certain rules are met. In addition
to the benefits of giving to charity, a QCD excludes the amount
donated from taxable income, which is unlike regular withdrawals from an IRA.
Keeping your taxable income lower may reduce the impact to certain tax credits
and deductions, including Social Security and Medicare. Also, QCDs don’t
require that you itemize, which due to the recent tax law changes, means you
may decide to take advantage of the higher standard deduction, but still use a
QCD for charitable giving. The maximum annual amount that can qualify for a QCD
is $100,000. In addition, for a QCD to satisfy your current year’s RMD, the
funds must come out of your retirement account by the RMD deadline; which is
normally December 31st.
A bequest is a gift from your estate – a transfer of cash,
securities or other properties made through your estate plan. You can make a
bequest to Albertus Magnus High School by including language in your will or
living trust leaving a portion of
your estate to AMHS, or by designating AMHS as a beneficiary of
your retirement account or life insurance policy. Making a bequest of a planned
gift is a wonderful way to show your support and appreciation to AMHS. You will
know that you have
made a meaningful contribution to Albertus Magnus. On top of that,
smart estate planning strategies can be employed to reduce the tax burden on
your heirs. If you have included
Albertus Magnus, please let us know. We would like to thank you for your
generosity, make sure the purpose of your gift is understood by the high school
and recognize you as a member of the Legacy Society.
A charitable remainder trust (CRT) is an irrevocable trust that
generates a potential income stream for you, as the donor to the CRT, or other
beneficiaries, with the remainder of the donated assets going to Albertus Magnus
High School. This charitable giving strategy generates income and can enable
you to pursue your philanthropic goals while also helping provide for living
expenses. Charitable trusts can offer flexibility and control over your
intended charitable beneficiaries as well as lifetime income, thereby helping
with retirement, estate planning and tax management.
DONOR ADVISED FUND
A donor advised fund allows donors to make charitable
contributions, receive an immediate tax benefit and then recommend grants from
the fund over time. A way to think about a donor advised fund is a charitable
savings account. A donor contributes to the fund as frequently as they like and
then recommends grants to their favorite charity (Albertus Magnus High School)
when they are ready.