The most common gift is a cash gift. A cash gift to St. Matthew School is deductible as a charitable contribution for federal income tax purposes.
Gifts of Securities
A gift of appreciated securities is a way to make a significant gift to SMS at a reduced cost to you. When securities are held long-term, federal law allows a charitable deduction for their full market value and you pay no capital gains on the appreciation.
Gifts of Real Estate
Gifts of real property can be given as an outright gift or by bequest. Some donors choose to make an outright gift of a residence while retaining a life interest in the property and providing the donors with estate tax savings.
A way of making a significant gift to SMS in your estate plan is to include SMS as a beneficiary in your will.
If you want to make a gift to SMS but do not wish to give up the income on the capital involved, you may consider a gift in the form of a Life Income Trust, such as a Charitable Remainder Unitrust or an Annuity Trust.
A gift of life insurance could play a role in your charitable giving and satisfy your own financial planning needs.
Commemorative gifts may be made to honor or memorialize your loved ones.