There are many ways to make lasting gifts to Mercy High School. In fact, making a deferred or planned gift to Mercy can be a tax-savvy way to support the school’s mission and can be an enduring gift for generations to come.
Gift commitments or bequests through a will or trust, or through beneficiary designations for qualified retirement plans such as your 401(k) or IRA, or through life insurance, offer ways to assist Mercy students, while lessening the tax burden on your estate and on your heirs. For example, a belief in a Catholic education motivated the family of Dolores Brewster Rice to establish an endowed tuition award in honor of the 1938 graduate of St. Mary’s. Dolores was a lifelong supporter of Mercy’s Negotiated Tuition. Her family knew their mother would be proud to continue this legacy of ensuring access to a Mercy education for any girl who desires it.
For several years now, the government has also provided the use of a tax-free charitable IRA rollover for your philanthropic gift. If it is offered again this year, this might be an attractive offer for you.
Also many types of real estate assets or stocks can be donated to Mercy generating tax benefits for you while helping further Mercy's educational mission. Indeed, many people donate appreciated stock. The process is very simple.