Ways to Support BG

When deciding how you can help support BG, there are a variety of giving options to consider. Each option offers distinct advantages, and all are tax-deductible within the limits specified by IRS regulations. We encourage you to consult with an attorney or financial advisor when planning your gift. 

Gifts of Cash

Cash gifts qualify for a charitable deduction in the year they are made and are generally deductible up to 50% of your adjusted gross income annually. Any amount exceeding this limit may be carried forward for up to five additional years.

Gifts of Appreciated Securities

Donating publicly traded securities that have been held for more than one year allows you to deduct the full fair market value of the securities at the time of the gift, while avoiding the capital gains tax that would be due if the securities were sold.

Gifts of Required Minimum Distributions (RMDs)

Charitable gifts made directly from your IRA or 401(k) RMD can reduce your taxable income and avoid income tax on the donated amount, while still counting toward your required distribution. Your investment account broker will be familiar with the process for making a charitable gift from an RMD.

Gifts of Property

Gifts of property—including a residence, farm, vacation home, jewelry, artwork, or other tangible assets—can provide significant benefits to both the donor and BG. These gifts typically require the assistance of qualified appraisers and tax advisors.

Gifts of Life Insurance

Life insurance can be an effective way to make a substantial gift at a relatively modest cost. Consultation with your attorney or tax advisor is recommended when considering this option.

Bequests and Life Payment Plans

Bequests and other life payment plans allow you to participate in BG’s mission at levels you may not otherwise consider. These options include gifts through a will, as well as various trust arrangements.

IRA or 401(k) Beneficiary Designations

Designating BG as a beneficiary of your IRA or 401(k) is a simple and impactful way to support the school. You can update your beneficiary designation directly through your plan provider’s website or with the help of your financial advisor.

Charitable Gift Annuity

A charitable gift annuity allows you to support BG while receiving fixed lifetime income. More information about charitable gift annuities can be found on the Fidelity website under “Charitable Gift Annuity.”

A Final Thought

The most important consideration in making any gift is finding a way that brings joy to you and your family—joy in supporting a cause you believe in and value.

For More Information, Please Contact:

Joe Adams, President, jadams@bguilfoyle.org
 

Lisa (Lightner) Georgiana, Director of Advancement, advancement@bguilfoyle.org