Planned Giving
Your charitable gift will provide vital mission advancement support for our projects, activities, and goals — and most importantly, our students.
Planned gifts can provide valuable tax benefits and/or lifetime income for you and your spouse or other loved one. A planned gift made through a will or trust to Cristo Rey Brooklyn High School is a gift that can help ensure the long-term financial stability of the school while providing you with the opportunity to become part of our future. It enables philanthropic donors to make larger gifts than they could make from their income.
1
IRA Charitable Rollover
An IRA charitable rollover allows individuals age 70 1/2 or older to reduce their taxable income by making a gift directly from their IRA.
Benefits:
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Avoid taxes on transfers of up to $111,000 from your IRA
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Satisfy your required minimum distribution for the year
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Reduce your taxable income with a gift that is not subject to the deduction limits on charitable gifts
2
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Cristo Rey Brooklyn.
Benefits:
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Avoid paying capital gains tax on the sale of appreciated stock
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Receive a charitable income tax deduction
3
Gifts of Life Insurance
A gift of your life insurance policy is an excellent way to support Cristo Rey Brooklyn High School. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children, and they are now financially independent adults.
Benefits:
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You receive a charitable income tax deduction
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If CRB retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premium
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If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds will be paid to our organization to further our charitable work.