If someone in your life has been touched by St. Patrick Catholic School, a memorial or tribute gift is a beautiful way to celebrate them — whether marking a loss, a birthday, or another meaningful occasion. Your gift honors their story while investing in the mission they cared about, creating a legacy that extends far beyond a single moment.

An Example of How It Works

When John’s mother passed away, he knew he wanted to do something that would establish a lasting legacy for her. He remembered that during her lifetime she was always praising The SPS Foundation for its tireless efforts to better the community.

John decided to make a gift to The SPS Foundation in his mother’s name using appreciated securities. Not only will his mother’s legacy live on at The SPS Foundation thanks to the gift, but John also qualified for a federal income tax charitable deduction and eliminated capital gains tax on the securities.

A gift of real estate — such as a personal residence, vacation home, farm, commercial property, or undeveloped land — can be one of the most powerful ways to support St. Patrick Catholic School, often without touching your bank account. The process is more straightforward than most people expect, and our team is glad to work alongside you and your advisors every step of the way.

In addition to furthering the mission of The SPS Foundation, a gift of real estate may offer significant benefits to you:

• You may qualify for a federal income tax charitable deduction on appreciated property held longer than one year
• You may reduce or eliminate capital gains tax
• You are relieved of ongoing costs like maintenance, property taxes, and insurance

You can deed the property directly to The SPS Foundation, or include a few simple sentences in your will or trust with the help of your attorney — whichever works best for you.

An Example of How It Works

Janet purchased a rental property years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she is beginning to find management of the property more and more of a hassle. Janet sees this as an opportunity to give her rental property to a charity that is important to her while realizing valuable tax benefits.

Janet avoids capital gains tax on the appreciation and qualifies for a federal income tax charitable deduction for the property’s fair market value. Janet loves knowing that the gift of her property will make a big difference supporting our mission.

An endowment gift to St. Patrick Catholic School does something remarkable: it keeps working long after it’s made. With a single gift, you create a permanent source of support — making an impact today while providing for generations of students to come.

Endowment donations are carefully invested so that a portion of the earnings supports current needs at The SPS Foundation each year, while the remainder is reinvested for continued growth. The result is dependable, long-term support that strengthens the school’s mission well into the future.

An Example of How It Works

Longtime St. Patrick Catholic School supporters Charlie and Susan have two goals: First, they want to make sure The SPS Foundation continues to receive support after they are gone. Second, they want to create a lasting legacy for Charlie’s parents.

Charlie and Susan make a $25,000 donation to The SPS Foundation, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of Charlie’s parents. Plus, Charlie and Susan qualify for a federal income tax charitable deduction on their taxes.

A donor-advised fund (DAF) — often described as a charitable savings account — offers a flexible, tax-smart way to support The SPS Foundation. You can recommend a one-time grant or set up recurring gifts, with your fund administrator handling the details.

A DAF is also a powerful legacy tool. By naming St. Patrick Catholic School Foundation as the beneficiary of all or a portion of your fund, your generosity lives on. You can even designate a percentage and name loved ones as successors, allowing your family to continue supporting the causes that matter most to you. To get started, simply contact your fund administrator for a beneficiary designation form — they’ll walk you through each step.

An Example of How It Works

Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.

The couple receives a federal income tax charitable deduction for the amount of the gift. They also get the time they need to decide which charities to support.

After researching community needs with the foundation’s staff, Joe and Laura recommend grants for The SPS Foundation (which they’ve supported for years) and a local animal shelter. The foundation presents the charities with checks from the Patricia Fund, which Joe and Laura named in honor of Laura’s mother. They name The SPS Foundation as the beneficiary to receive the account balance after their lifetimes. Joe and Laura are delighted to start this personal legacy of giving.

A charitable lead trust offers a compelling balance: it directs support to St. Patrick Catholic School during the trust term, then passes the remaining assets to your family or other beneficiaries when the term ends. There are two ways to structure payments:

• Charitable Lead Annuity Trust: Provides a fixed annual payment to The SPS Foundation — a particularly attractive option when interest rates are lower, since the payment remains consistent throughout the trust term
• Charitable Lead Unitrust: Provides a variable annual payment based on a set percentage of the trust’s value, recalculated each year — if the trust grows, so do the payments to The SPS Foundation

It’s a thoughtful way to invest in Catholic education today while protecting what you’re building for the people you love.

An Example of How It Works

George would like to support The SPS Foundation and receive tax benefits. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor’s recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George’s trust pays $60,000 (6% of the initial fair market value) to The SPS Foundation each year for 15 years, which will total $900,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $614,445. Assuming the trust earns an average 8% annual rate of return, George receives approximately $1,600,286 at the end of the trust term.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Stocks, mutual funds, and other securities that have grown in value are among the most financially advantageous assets you can give. Donating appreciated securities held longer than one year allows you to support St. Patrick Catholic School while potentially reducing — or eliminating — federal capital gains taxes. You may also qualify for a federal income tax charitable deduction based on the fair market value of the assets at the time of the gift.

There are two simple ways to give appreciated securities:

• Outright gift: Transfer securities directly to The SPS Foundation and receive the same income tax benefits as a cash gift — plus the added advantage of avoiding capital gains taxes that can reach as high as 20%
• Transfer on Death (TOD) account: Add a TOD designation to your brokerage or investment account to direct those assets to St. Patrick Catholic School Foundation after your lifetime — a simple, no-fuss way to carry out your wishes

It’s an easy way to make a meaningful gift while making the most of what you’ve built.