Annual Fund

List of 1 items.

• Ways to Give

  ONLINE:

  To make a gift today, click on one of the links above.

   

  BY PHONE:

  To make a gift via phone, call: 845-623-8842 ext 229 and we can accept your credit card by phone.

   

  BY MAIL:

  To send a check, please make the check payable to Albertus Magnus. Our address is:

  Albertus Magnus High School,

  Office of Advancement

  798 Route 304

  Bardonia, NY 10954.

   

  Make Next Year’s Gift Now and Save Taxes

  Depending upon your tax circumstances, you may want to consider expediting your future charitable giving today to maximize your deduction. Taxpayers are able to reduce the amount of their income subject to tax through the use of deductions. The federal tax code offers two methods to accomplish this: using the standard deduction or itemization. The taxpayer will choose the method that gives them the higher deduction. By “front loading” charitable gifts in future years for 2018, this strategy could help you

  exceed the standard deduction and thus save you on your tax bill.

   

  MATCHING GIFTS

  Many employers sponsor matching gift programs and will match any charitable contributions or volunteer hours made by their employees. These programs allow you to increase your gift to Albertus Magnus High School. If you or your spouse work

  for a company who has a matching gift program, request a matching gift form from your employer or find it on the Human Resource site. Once completed, please forward to the Office of Advancement.

   

  GIFT OF SECURITIES

  Gifts of appreciated securities or stocks can be one of the most advantageous ways of giving to Albertus Magnus High School. Donors receive a tax deduction for the full market value of the stock or security, computed on the day of their transfer, while bypassing all capital gain taxes on the appreciated value of that stock or security. It is the policy of Albertus Magnus to sell all gifts of stock as soon as they have been transferred to its brokerage account.
  
  

  Send Contributions to the following:

   

  First Clearing Corp.

  DTC# 0141

  Account Number: # 78529808

  Account Name: Albertus Magnus HS

  Tax ID: 13-1874149

   

   

  For assistance please call

   

  Joe Pulio

  Registered Client Associate

  Accredited Asset Management Specialist (AAMS)

  The Burke Rynkar Group

  Wells Fargo Advisors LLC

  280 Park Ave. - 29th fl West

  New York, NY 10017

  P:212-338-4245

  F: 212-557-1583

   

  QUALIFIED CHARITABLE DISTRIBUTIONS (“QCD”) FROM YOUR IRA

  Owners of individual retirement accounts who are at least age 70 ½ can make a direct transfer of funds from an IRA, payable to a qualified charity. This is called a qualified charitable distribution (or “QCD”). QCDs can be counted toward satisfying your required minimum distribution (“RMDs”) for the year, as long as certain rules are met. In addition

  to the benefits of giving to charity, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Also, QCDs don’t require that you itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving. The maximum annual amount that can qualify for a QCD is $100,000. In addition, for a QCD to satisfy your current year’s RMD, the funds must come out of your retirement account by the RMD deadline; which is normally December 31st.

   

  BEQUESTS AND PLANNED GIVING

  A bequest is a gift from your estate – a transfer of cash, securities or other properties made through your estate plan. You can make a bequest to Albertus Magnus High School by including language in your will or living trust leaving a portion of

  your estate to AMHS, or by designating AMHS as a beneficiary of your retirement account or life insurance policy. Making a bequest of a planned gift is a wonderful way to show your support and appreciation to AMHS. You will know that you have

  made a meaningful contribution to Albertus Magnus. On top of that, smart estate planning strategies can be employed to reduce the tax burden on your heirs.  If you have included Albertus Magnus, please let us know. We would like to thank you for your generosity, make sure the purpose of your gift is understood by the high school and recognize you as a member of the Legacy Society.

   

  CHARITABLE REMAINDER TRUST

  A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to Albertus Magnus High School. This charitable giving strategy generates income and can enable you to pursue your philanthropic goals while also helping provide for living expenses. Charitable trusts can offer flexibility and control over your intended charitable beneficiaries as well as lifetime income, thereby helping with retirement, estate planning and tax management.

   

  DONOR ADVISED FUND

  A donor advised fund allows donors to make charitable contributions, receive an immediate tax benefit and then recommend grants from the fund over time. A way to think about a donor advised fund is a charitable savings account. A donor contributes to the fund as frequently as they like and then recommends grants to their favorite charity (Albertus Magnus High School) when they are ready.