Other Considerations
Immaculata High School relies on the generosity of donors for a substantial portion of the funds needed to maintain our competitive programs and enable this Catholic education for families for whom the financial sacrifice is too large a burden. There are strategies that you can consider making the most of your charitable giving, all of which are deeply appreciated.
Leave Your Legacy
For more than 50 years, the Church of the Immaculate Conception has stood at 35 Mountain Avenue as the cornerstone of a vibrant parish that includes Catholic schools for children from age 4 to 18. Your support of our church and schools has helped us to provide parish resources and school facilities, and to develop faith-filled children who think critically and serve selflessly.
There are many ways to make meaningful gifts to our parish and schools – many with significant tax advantages.
Recent federal legislation will change the tax treatment of charitable contributions going forward. Some changes impose limitations on the tax deductibility of donations, while other changes are based on your tax bracket.
If you are 70-½ years of age (or older, depending on your birth year), gifting all or a portion of the required minimum distribution (RMD) from your Individual Retirement Account account or inherited IRA can benefit both your family and Immaculate Conception Church and our schools. By gifting a portion of your RMD to our tax-exempt organization, you will not pay federal income tax on the direct transfer and will help satisfy your distribution requirement.
In many cases, the gift of appreciated securities provides you with the same income tax savings you would enjoy by giving a gift of cash. If you have owned the securities for more than a year, you eliminate any tax on the appreciation.
To increase an annual tax deduction, you can also establish and contribute to your own Donor Advised Fund (DAF), enjoying tax-free investment growth in the fund. Your funds will be available over time for donation to charitable organizations you support, including Immaculate Conception Church and Schools.
Want to learn more? Please contact our Advancement Office at (908) 722-0200, extension 1223, or [email protected].