Ways to Give

The simplest way to support Academy of the Sacred Heart is through cash gifts. This form of giving makes an immediate impact and is fully tax deductible.

Long-term appreciated stocks and other securities may be transferred to Sacred Heart. The donor may avoid capital gains taxes upon sale of the stock and be able to claim a charitable deduction.

Individuals age 70½ and older can donate up to $100,000 from their IRAs to Academy of the Sacred Heart tax-free. Donors do not receive an income tax charitable deduction. This provision allows donors to transfer money from their IRAs directly to Sacred Heart, without having to recognize the transfer as taxable income.

Gifts of real estate can include a personal residence, a vacation home, a farm or ranch, income-producing rental property or undeveloped land. Depending on the value of the real estate, the donor may be able to realize a charitable tax deduction and also avoid capital gains taxes

A bequest through a will is the most common form of planned giving. This is an attractive option for donors who wish to retain control of their assets during their lifetime and assist Sacred Heart at a future date. Bequests may designate a specific dollar amount, a percentage or the residual of an estate after taxes, expenses and family needs are met. Important estate tax savings may be realized through this type of gift.

An individual may contribute a paid-up life insurance policy, buy a new policy for Academy of the Sacred Heart, or contribute an existing policy. In addition, a donor may add Sacred Heart as a partial beneficiary to an existing policy. The donor may benefit from an immediate tax deduction or other more complex tax benefits, depending on how the insurance is given.

A donor may designate that Sacred Heart receive any remaining assets from an IRA or other qualified pension or profit sharing plan. The donor maintains access to funds throughout his/her lifetime, and later gifts to the School are deducted from their taxable estate. This may provide considerable tax savings to the donor’s heirs.

Planned gifts help ensure the financial stability and future growth of Academy of the Sacred Heart. Consider arranging a charitable gift through your long-term estate or financial plans. 

When you include Academy of the Sacred Heart in your estate plan, you are leaving a legacy that will benefit our students for years and possibly generations to come. You are making an impact in the lives of people in the Sacred Heart community and ensuring that our mission of developing the individual student through faith, intellect, service, community and personal growth will continue to be upheld. Thank you for your commitment to our future.

Establishing a named scholarship at Academy of the Sacred Heart is a beautiful way to honor a loved one's legacy. Join us on this journey to make a lasting impact through the power of a Sacred Heart education.