The Saint Mary’s Legacy – Planned Giving
Planned gifts offer a lasting opportunity to share in the Lasallian Mission at Peralta Park. Through your gift today, you are sharing in the vision for tomorrow’s students.
Bequests
Leave your legacy at Saint Mary’s by including a gift to the school in your will. A bequest is one of the simplest ways to make a significant impact on the future of the Lasallian Mission.
Types of Bequests:
Unrestricted Bequest
This is a gift for the general needs of Saint Mary’s and the students she serves. A gift of this nature enables the school and its administration to make the most appropriate choice for the use the funds.
Restricted Bequest
This type of gift allows you to determine the impact your generosity will have on Saint Mary’s. For example, you may wish to fund a specific program such as the arts, athletics, academics, or tuition assistance. Please contact Saint Mary’s if you wish to make a restricted bequest so that we may have a clear understanding of your intentions.
Endowed Bequest
Most often used to establish scholarship funds, this type of bequest allows your impact to remain in perpetuity. The funds generated by your gift will be invested and distributed according to policies approved by the Board of Trustees.
Memorial or Honorary Bequest
This type of gift can be made in honor of or in memory of a family member, friend, or former teacher. Saint Mary’s will be honored and privileged to recognize your gift in an appropriate manner.
Gifts of Real Estate
A gift of real estate provides considerable tax benefits. You also have the option of retaining the right to occupy the property for life or even receive the income it generates.
Gifts of Life Insurance and Pension Benefits
A gift of life insurance allows you to contribute a previously acquired policy that may no longer be needed for its original purpose, and realize tax benefits. Saint Mary’s may also be named beneficiary of a life insurance policy, company pension plan or a private plan such as an IRA, Keough, or tax-sheltered annuity. Gifting of pension plan benefits helps you avoid both income and estate taxes.
Other Options
There are other more complex ways to make a planned gift to Saint Mary’s. Among them are: Charitable Remainder Trust, Charitable Lead Trusts, and Retained Life Estates.
Whatever your intentions, it is important that you consult an Estate Planning Professional to maximize the tax benefits available to you while leaving your legacy at Saint Mary’s.
Please let us know if you have included Saint Mary’s in your will or estate plans. We want to acknowledge you properly and, hopefully, others will be inspired by your generous and thoughtful example.
We will recognize your gift by including your name in all Saint Mary’s Legacy listings and designating you as a lifetime member of the Saint LaSalle Society. If you prefer to remain anonymous, please advise so that we may honor your wishes.
We appreciate your interest and support of Saint Mary’s College High School. Please be sure to contact your attorney, accountant or tax advisor for specific information on how planned giving applies to your situation.
If you have questions or desire a professional referral, please contact Peter Boero ’64, Director of Advancement, at 510/559-6224 or email (Click here)