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How To
Donate |
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To make a
donation to The De La Salle School you can: |
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1.
Donate Online |
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2. Send A
Check
Payable to The De La Salle School
Send to: The De La Salle School
Attn: Brother Thomas P. Casey, FSC
87 Pine Street
Freeport, New York 11520-3615 |
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3. More
Information
For information about planned giving opportunities,
transferring a gift of stock, and/or naming The De La Salle
School as a beneficiary in your will, please contact:
Brother Thomas P. Casey, FSC, Executive Director :
Voice: 516-379-8660
Fax: 516-379-8806
E-mail:
delasalleli@hotmail.com |
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Great News
For Charities
Congress has recently passed legislation allowing tax-free
distribution of traditional or Roth Individual Retirement
Account (IRA) assets to organizations like The De La Salle
School that qualify for charitable deductions. Individuals
must be at least 7.5 years of age to donate and benefit.
There is a $100,000 limit per year and per individual.
President Bush signed this provision into law on 17 August
2006 as part of the Pension Protection Act of 2006. This IRA
provision applies to gifts completed by 31 December 2007. |
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Bequest &
Legacy Guide For Planned Giving
It is also possible to give to The De La Salle School to
ensure its continued health for years to come as well as
maximize your tax situation. There are several methods to
plan and make bequests to the school while you are still
able. Options include: |
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Wills
Everyone should have a current will but unfortunately over
50 percent of American adults do not. A properly drawn will
is the only way to ensure that your wishes will be carried
out in regard to the transfer of your property and assets.
If you die without a will, the courts will decide, but often
only after long delays and considerable expense. As people
grow older they often become increasingly aware of the
importance of their faith and the value it has added to
their lives. When you review and update your will, consider
including The De La Salle School as a beneficiary. Even a
very small portion of your estate can represent a very
substantial gift. A professional estate planning attorney
can make certain that your wishes are known and carried out. |
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Stocks &
Bonds
A gift of appreciated securities allows for the full current
charitable deduction on your tax return without paying
capital gains taxes. Stock certificates may be delivered
along with a completed stock transfer power, or, may be
transferred electronically by your broker to The De La Salle
School’s brokerage account. Information about detailed
instructions to complete a transfer is available by
contacting Brother Thomas P. Casey, FSC at 516-379-8660. |
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Life
Insurance
While life insurance policies are typically used to provide
for the financial needs of family members, such policies can
also be used to benefit The De La Salle School. After your
passing, the designated amount or asset will be transferred
to our school. Your gift will be free of probate and your
estate will be entitled to a tax deduction for the amount of
your gift. You could also:
- Purchase a new policy on your life or family member and
gift the proceeds or
- Change the current beneficiary to our school or
- Direct a highly taxable asset to our school and replace
with life insurance or
- Buy life insurance to replace the value of an asset
donated to our school. |
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Life
Settlement
Are you over 65 and have a life insurance policy that is
unwanted, unneeded, no longer affordable or not performing
as you expected? If you lapse or surrender the policy, you
could lose a potentially valuable asset; there could be a
much better option. A life settlement is an opportunity to
sell that policy to institutional buyers such as banks or
insurance companies. A policy that qualifies has a market
value significantly higher than the cash value and may be
donated to the school. Donating proceeds may provide a
substantial savings on capital gains tax. This provides a
way to make a substantial gift to The De La Salle School
while you are still alive and can appreciate the benefits. |
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