Alumni & Development » Support BGDHS

Linda Baron • Director of Advancement • Contact Linda Baron
805.967.1266 x 119
Sr. Theresa Reis, S.N.D. • Director of Development • Contact Sr. Theresa Reis
805.967.1266 x 106

Ways of Giving
Donors may make one-time gifts or may fulfill pledges over the year or through multi-year commitments. Gifts of cash as well as gifts of stocks, bonds, real estate, and other assets of value are welcome. Bishop García Diego High School is a 501(c)(3) charitable organization established under United States law. All gifts are tax deductible to the full extent of the law.

Current Giving Methods

Cash:
Money by check is the easiest and most common way to make a gift. Cash gifts may be used annually as charitable deductions on your federal income tax return to offset up to 50 percent of your adjusted gross income. You may carry forward any unused deductions over the next five years.

Matching Gifts:
Many corporations have chosen this method of supporting education at the primary and secondary levels. Companies will often match or multiply gifts made by employees and sometimes spouses and retirees as well.

Corporate Gifts:
Corporations are permitted by law to give away to qualified charitable organizations up to 10 percent of their pre-tax profits in any given fiscal year. This provision is a double saving in that neither the corporation nor the individual is taxed on the gift.

Securities:
If you hold securities which would incur a tax on capital gains if sold, your outright gift to Bishop could mean significant savings. You obtain a tax deduction for the full market value of the gift and you may avoid a tax on the increase in value. Remember that you must give the security itself, rather than selling it first and giving the cash, in order to avoid paying tax on the capital gain.

Real Estate:
The same tax advantages that apply to stocks and bonds also apply to real estate. You may give acreage, a farm, a lot, a house, a commercial building, or any other kind of real estate held longer than six months and receive a charitable deduction for the full market value and also avoid taxes on the profit.

Tangible Personal Property:
You may give any other asset of value: for example, an automobile, a painting, a coin collection, a piece of jewelry or equipment, and so forth, and receive a charitable deduction.

Planned Giving Opportunities
Planned Giving provides a variety of ways to make a planned gift that will not deplete lifetime assets and, in some cases, furnishes additional income and significant tax deductions. Listed below are options you may wish to consider when making a gift to Bishop García Diego High School.

We appreciate your interest in and support of BGDHS. Your attorney, accountant or tax advisor can provide additional information on how these ways of giving apply to your specific situation. If you are interested in learning more about these gift opportunities for you and BGDHS, please contact us. Learn about various ways you can contribute to Bishop during your lifetime and/or through your estate, while providing for current income needs and the future financial needs of your loved ones.

Bequests:
A gift provided for in your will may be a percentage of your estate, the residual of the estate, a certain item or a specific dollar amount. Estate taxes may be reduced by a bequest to Bishop García Diego High School.

Charitable Remainder Trust:
You may establish a remainder trust which provides either a fixed or variable income for you and your family. Part of the trust qualifies for an income tax deduction and at the death of the last beneficiary the assets of the trust are distributed to Bishop García Diego High School, Inc.

Charitable Lead Trust:
This trust allows you to pass on assets to family members with significant estate and gift tax savings while allowing the School to benefit from the income for the duration of the trust.

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 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 initial purpose, and realize tax benefits. Bishop García Diego High School may also be named as a beneficiary of a life insurance policy, company pension or profit-sharing plan, or of a private fund such as an IRA, Keogh or tax-sheltered annuity.

Why Give?
Tuition has never covered the actual costs of a Bishop education. Board members, parents, alumni and friends contribute to make up the shortfall. As with other independent schools, Bishop needs to raise funds in order to:
- keep tuition increases to a minimum
- balance the annual operating budget
- maintain competitive faculty salaries
- support scholarships
- build a strong endowment