Planned Giving
 

The Acorn Society is an exclusive community dedicated to honoring the generosity and foresight of donors who include the institution in their estate plans. Named after the acorn, symbolizing the strength and courage of Saint Philippine Duchesne, this society embodies the spirit of ensuring the continuation of Sacred Heart education into the future.

If you choose to name 91st Street as the ultimate beneficiary of a planned gift, you become a valued member of the Acorn Society. Planned gifts may include bequests, charitable gift annuities, charitable remainder unitrusts, charitable remainder annuity trusts, or gifts of life insurance.

Beyond the tangible benefits, the most significant reward from joining the Acorn Society is the satisfaction of making a lasting contribution to the long-term stability and the mission of St. Madeleine Sophie. Your foresight is not only appreciated but also serves as inspiration for the generosity of others, ensuring the enduring legacy of Sacred Heart education.

Bequests: Ensuring the Legacy of 91st Street

Making a gift to Sacred Heart in your will or revocable trust is a powerful way to support the education of young women for generations to come. A bequest:

• Is simple to arrange: Establishing a bequest is straightforward and can be seamlessly integrated into your estate planning process.
   
• Preserves your lifestyle: Your decision to include 91st Street in your will or trust won't impact your current lifestyle, allowing you to continue enjoying life to the fullest.
   
• Adapts to your needs: Your bequest can be easily adjusted to accommodate any changes in your circumstances or priorities, ensuring that your legacy aligns with your evolving vision.

By leaving a bequest to 91st Street,, you join a community of supporters dedicated to empowering young women through education, fostering excellence, and nurturing future leaders. Your legacy will inspire and transform lives for years to come.

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Retirement Plan

You've diligently prepared for retirement, and now, with a touch of ingenuity, you can leverage your retirement assets to benefit both you and your loved ones, while also supporting the enduring mission of Sacred Heart. You simply name Convent of the Sacred Heart as a beneficiary of your IRA, 401(k), or other qualified retirement plan.

Benefits:

• Continue Regular Lifetime Withdrawals
• Maintain Flexibility
• Avoid Double Taxation

By choosing to support Sacred Heart through your retirement assets, you create a lasting impact that echoes your commitment to education and philanthropy. Your generosity not only benefits you and your family but also strengthens our ability to nurture future generations of students. Thank you for considering this thoughtful and impactful way of giving back.

Note: The Qualified Charitable Distribution (QCD) allows individuals 70 ½ and older to make direct distributions up to $105,000 per year to 501(c)(3) public charities without having to count the distributions as income for federal income tax purposes. No charitable deduction may be taken, but if you are 73 or older, distributions will qualify for all or part of your required minimum distributions.

 

Life Income Gifts

Did you know you can make a gift to Convent of the Sacred Heart that also provides you with income? These innovative plans, encouraged by the IRS, allow you to maximize your giving potential. Here's how they work:

Life-income gifts offer some of the best ways to support Convent of the Sacred Heart while increasing your income. These "Gifts That Pay You Income" allow you to make a significant contribution to Sacred Heart while receiving income.

The plans described here have a significant advantage over other investment vehicles: they generate generous gifts to Convent of the Sacred Heart. So, while you enjoy income for life or a set period, you're also supporting Sacred Heart today.

Benefits:

• Lifetime Income: Provides an additional source of income for you, your spouse, or other important individuals.

• Increased Income: Potential to boost the income you currently receive from your investments.

• Immediate Tax Deduction: You may qualify for an immediate tax deduction for a portion of your gift.

• No Capital Gains Tax: There's no capital gains tax when transferring appreciated assets to your gift plan.

Types of Life Income Gifts

Based on your needs and preferences, here are the life-income gift options that may best suit you:

• Charitable Gift Annuity: Ideal if you seek secure and stable income with a high payout rate. You can contribute cash or stock to establish this arrangement. Learn more about a Charitable Gift Annuity.
   
• Deferred Gift Annuity: Suitable for younger donors still in high-earning years, aiming to save for retirement and reduce taxable income. Learn more about a Deferred Gift Annuity.
   
• Charitable Remainder Unitrust: Offers maximum flexibility concerning investment and benefits of your gift plan. Learn more about a Charitable Remainder Unitrust.
   
• Charitable Remainder Annuity Trust: Provides flexibility to invest and manage your gift plan while ensuring the security of stable income. Learn more about a Charitable Remainder Annuity Trust.

Consider exploring each option further to determine which aligns best with your financial goals and preferences.