Cash

One of the most standard and popular ways to give. Your gift of cash/check is an investment in our school and ministries.

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You can name the Pius X Foundation as a beneficiary in your will by leaving a gift of a percentage of your estate, a specific amount or a residuary amount.

An example of wording in your will for giving a specific amount:
“ I give, devise and bequeath to the Pius X Foundation the sum of $25,000 for its general uses and purposes."

• If you are concerned with having enough income in the future but still want to make a significant gift, a bequest is a good option.

• You can change or modify your will at any time. A bequest offers flexibility. Consult with your attorney to make changes to your will.

• Leaving an asset to the Pius X Foundation in your will removes that asset from your estate, saving possible estate taxes.

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Stocks and securities provide an immediate gift to the Pius X Foundation and are a wonderful way to give, especially if they have appreciated in value.

• You receive two tax benefits, an income tax deduction for the fair market value of the stock (not just the original investment) and avoidance of any capital gains tax on the stock’s appreciated values.

• Donating stock removes it from your estate, saving you possible estate taxes.

How to donate your stock

If you have the stock certificate, mail it to our office along with a letter stating the purpose of your gift and name the Pius X Foundation as the beneficiary. Do not endorse the certificate or sign it.

In a separate envelope, mail our office an endorsed stock power along with a copy of your letter. Do not put any other information on the stock power, only your signature. Your name should appear exactly as is does on the certificate. Our office can provide you with a form for the stock power.

If your stock is with a brokerage firm or bank, write a letter to your broker or bank stating you wish to make a gift. List the name of the stock and the number of shares. Instruct your broker or bank that you wish to wire transfer the shares to an account specified by our office, and instruct your broker or bank to contact our office. Then send a copy of the letter to our office. Include on that copy the name and telephone number of your broker or bank. We will instruct you broker or bank on how to wire transfer the stock.

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You can make an irrevocable gift to the Pius X Foundation and it provides income to you for life.

• Gift annuity rates range from between 5 and 11 percent, depending on your age.

• If you have stock or another appreciated asset you can contribute it to a gift annuity and avoid capital gains.

• You receive annual payments.

• You fund it with cash, securities, tangible property or real estate.

• Your annual income depends on your age.

• You receive an income tax deduction for a portion of the value of your gift the year you make it.

• If you desire to make a gift but need stable annual income, a gift annuity is an option.

• The asset you use to fund your gift annuity is removed from your estate, saving you possible estate taxes.

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You can donate either a paid up policy, or start a new policy.

In both cases, designate the Pius X Foundation as the owner and beneficiary of the policy, or the Foundation can be named as a secondary beneficiary, after your spouse or your children.

• A paid up policy gives you a tax deduction equal to the cash value of the policy.

• Donating a new policy allows you to deduct the full value of the annual premiums you pay.

• When you make the Pius X Foundation the owner and beneficiary of the policy, it removes the life insurance from your estate, saving you possible estate taxes.

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You can make an irrevocable gift and receive income payments similar to a gift annuity. The difference is that a charitable trust is a larger gift ($100,000 or more) and offers you more options.

• You can receive quarterly, semi-annual or annual payments.

• You name a professional trustee to manage the trust or you can name yourself as trustee.

• You can create a trust that allows you to make additional payments when you desire or have the financial need.

• You can create the trust to last for a period of years.

• You receive an income tax deduction for a portion of the value you make the gift in the year you make it.

• The asset you use to fund the trust is removed from your estate, saving you possible estate taxes.

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Donating real estate gives you an income tax deduction for the fair market value of your property.

If you own your home, you can create a life estate. You'll live in your home and enjoy full use of it while you are alive. Upon your death the Pius X Foundation assumes ownership of your home. You can claim a tax deduction in the year you create the life estate.

If you own a piece of property that currently provides little to no income for you, create a charitable trust with the real estate as the primary asset. You avoid any capital gains on the real estate when it is eventually sold. You receive a tax deduction in the year you make the gift. You turn a former, low-income producing asset into an asset that provides you with sufficient income.

Donating real estate removes the asset from your estate, saving you possible estate taxes.

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