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Planned Giving

If you value the education that St. Hubert Catholic High School for Girls provides young women and would like to help secure its future, you might consider arranging for a charitable gift to benefit the St. Hubert.

Planned or deferred gifts are designed to help donors enhance their estate planning, tax planning, investment objectives and retirement needs while help ensure the future growth of St. Hubert. All gifts and donations to St. Hubert's enable the school to provide much-needed scholarships and financial aid and to furnish support for faculty enrichment. We invite you to consider establishing your own named Endowment Fund so that your wishes will be carried out exactly as you intend.

If you have already made a planned gift to St. Hubert, we would like to know of your generous support of this type of gift. Please send a letter to Robin Skubin Nolan '90, Director of Institutional Advancement, indicating that you have made legal arrangements for a future gift to St. Hubert and state the method you have selected. An alternative to a letter is to send an official copy of the section in the document.

Everybody has a unique and personal reason for giving, reflecting their individual charitable desires. Depending on the type of gift you choose, planned giving can provide you with some or all of the following benefits:

  • An income stream for your lifetime
  • Immediate or future year income tax deductions
  • Conservation of your estate through reduction of estate taxes
  • Reduction or elimination of capital gains tax on appreciated property
  • The joy of knowing your gift will benefit St. Hubert students

Bequest

A bequest in your will is the most well-known and commonly-used way to direct a gift from your estate. You can leave St. Hubert a specific amount, a specific percentage of your full estate, or your entire estate. A residuary bequest means that you leave St. Hubert the remainder of your estate after all other specific bequests are made. Competent counsel should be consulted in these circumstances. Please be sure to advise us if you choose to make this type of gift.

 

Retirement Funds


Unlike most other assets in you estate, which are subject to only an estate tax, retirement assets, such as an IRA, defined contribution pension plan, 401(k), or profit sharing plan that are not left to your spouse or a charity, are subject to two taxes -- the estate tax and the income tax. In some cases this double taxation can exceed 80%. Instead of possibly more than 80% of your retirement funds going to the government, you can leave your retirement funds to St. Hubert and be assured that 100% of those funds will be put to good use supporting St. Hubert. This option requires only that you complete a "Change of Beneficiary Form" with your plan’ s administrator and is typically very easy to accomplish.

 

Life Insurance

If a life insurance policy is no longer needed for its original purpose, you may name St. Hubert as one of the beneficiaries or the sole beneficiary of your policy. You may also transfer ownership of a policy to St. Hubert. In the case of ownership transfer and/or sole beneficiary status, the policy’s face value is removed from your taxable estate. Also, future premiums paid on the policy by you can be treated as charitable gifts, and if the policy has a cash value, you can take an immediate tax deduction.

 

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