Planned Giving is an effective way to have an impact on the future well-being of Sacred Heart. Individuals have many options available to them in making their estate plans such as bequests, charitable remainder trusts, charitable lead trusts or insurance policies. The Academy of the Sacred Heart recognizes all who have made provisions for the school in their estate plans through The St. Philippine Duchesne Society. When a member of our Sacred Heart community makes a planned gift they automatically become a member of this very important group of supporters of the mission of the Academy of the Sacred Heart.
We encourage you to contact the Director of Development, Monica Gele at 504-269-1208 or firstname.lastname@example.org should you want more information concerning a planned gift. The School also highly recommends that you consult with financial advisor while considering your estate plans. For your information, brief descriptions of planned giving vehicles are offered below.
Bequests, large and small, are a significant source of support for the Academy of the Sacred Heart. Simply stated, a bequest is the act of naming the school in your will. The Academy of the Sacred Heart's policy is for all realized bequests to be placed in the School's endowment, unless otherwise specified by the donor.
If you own real estate or securities that have appreciated greatly over the years and you want to avoid paying the capital gains taxes you would incur when you sell, a Charitable Remainder Trust may be an attractive option for you. Using your appreciated property or securities, set up an Irrevocable Remainder Trust with your attorney or financial planner and name the Academy of the Sacred Heart as the beneficiary. The Trust, which is not subject to tax, sells property or securities, reinvests the proceeds and makes specified annual payments to you or other designated individuals for a specified period of time. At the end of that period, the remaining funds in the Trust go to the School.
A Charitable Lead Trust is essentially the reverse of a Charitable Remainder Trust. You would transfer your appreciated property or securities to an Irrevocable Trust, but with this type of investment the Academy of the Sacred Heart receives the annual income interest payments for a specified period of time or your lifetime. At the end of that period, the remaining funds return to you or your designated beneficiary.
Another vehicle for planned giving is the use of life insurance. Many individuals name the Academy of the Sacred Heart as the sole beneficiary or one of the beneficiaries of a life insurance policy. The School would receive the benefit at the time of death of the donor.
The Academy of the Sacred Heart welcomes your financial support. Gifts to the School are tax-deductible. You may make a gift of cash, check, securities or by credit card to the School. Gifts of cash or a check should be sent to:
Academy of the Sacred Heart
4521 St. Charles Avenue
New Orleans, LA 70115
Checks should be made payable to The Academy of the Sacred Heart. You may make a gift via credit card by using the Secure On-Line Giving form or mailing your information to the Development Office.
Should you wish to make a gift of appreciated stock or securities, please contact the Director of Development, Monica Gele at 504-269-1208.