There are a number of ways you can support Josephinum financially and realize tax savings. We encourage you to consult with your legal and financial advisors to determine what type of donation best suits your situation. Josephinum is organized as a 501(c)(3) charitable organization. We invite you to consider giving to Josephinum in any of the ways indicated below.
GIFTS OF CASH, RESTRICTED OR UNRESTRICTED
Giving cash entitles you to take a charitable income-tax deduction for the year that you make the gift. Your gift can be a one-time contribution, or a pledge that you pay over time. If you have something special in mind for Josephinum, like sponsoring a scholarship or an event, you may restrict your gift by clearly designating its purpose. We accept a variety of payment methods, including cash, checks, credit and debit cards, and Paypal.
MEMORIAL AND HONORARY GIFTS
If you would like to honor the memory of special person consider making a memorial gift. Or perhaps you would like to acknowledge an important individual, occasion, or milestone in your life with an honorary gift. These gifts are often directed toward Josephinum’s general unrestricted fund, but you can also use your gift to start a scholarship or sponsor a special event.
SECURITIES, REAL ESTATE, AND LIFE INSURANCE
If you have been holding onto securities or closely-held stock that have appreciated over time, gifting them is an excellent way to fulfill your giving wishes and avoid capital gains taxes. When you gift appreciated securities you receive a personal income tax deduction on the fair market value of the securities for the year in which you make the gift. Josephinum benefits by receiving a larger gift than if you sold the securities and donated the proceeds after taxes.
A gift of appreciated real estate follows similar rules as a gift of appreciated securities. The gift qualifies as a charitable contribution at its fair market value, and you avoid capital gains taxes. You can transfer a deed to Josephinum outright or in a trust arrangement.
Do you have a life insurance policy that you no longer need? Donate it to Josephinum and take a deduction for the present value of the policy. All you need to do is name Josephinum the owner and beneficiary of the policy. Your premium payments will qualify as charitable deductions.
BEQUEST, ANNUITY, IRA, LIFE INCOME GIFT, ETC.
A planned gift to Josephinum Academy can be made in a variety of forms: bequests, charitable gift annuities, an IRA, 401(k), or 403(b) plan, charitable remainder trusts, and charitable lead trusts to name a few. The benefit of planned giving is that you structure your philanthropic gifts to maximize your tax savings and estate planning.
Planned giving also allows you to tailor your gift to your circumstances and needs. For example, you can set up a charitable remainder trust (also known as a life income gift) to receive the income from the assets donated while you are living. Or, you can give the interest income to Josephinum for a specified period of time and then pass the principle to your heirs with little or no tax liability (as with a charitable lead trust).
