What is Planned Giving?

Planned giving is a way to invest in the future of Immaculate Conception High School. You can make a gift during your lifetime or through your estate. Your gift, which will benefit Immaculate Conception High School, can be made in the form of:

• Wills and Bequests: A gift is given to ICHS by provisions made in your will designating a dollar amount or percentage of the estate. Many alumnae and friends make gifts through bequests to perpetuate their relationships to the school and to ensure its future well-being. Bequests to ICHS are free from federal estate tax and the estate inheritance taxes of most states. Bequests should be drawn and executed with the help of your attorney.
• Charitable Remainder Trust: You contribute assets, such as securities, while retaining the income for yourself. A remainder gif permits you to take an income tax deduction for a portion of the value of your gift. Your gift will be credited for the fair market value of the contributed assets.
• Securities: Donating securities directly to ICHS instead of contributing the proceeds of stock sales significantly increases your tax deduction and the amount of income the school receives. The value of the gift, for tax purposes, is recorded as the average market value on the date of delivery to ICHS. If transferred through a stock broker, the value of the gift is determined by the date of transfer as recorded.
• Insurance Policies: You may assign ICHS as beneficiary, co-beneficiary, or a secondary remainder of residual beneficiary of your life insurance policy or retirement fund. When ICHS is named as owner of a policy, the cash value of the policy may be deducted on your income tax return.
• Tangible Personal Property or Real Estate: You may assign ICHS as beneficiary, co-beneficiary, or remainder of residual beneficiary to any personal property or real estate. This assignment should be drawn and executed with the help of your attorney.