Ways of Giving
Your gift is tax-deductible as specified in IRS regulations. Here’s how you can support Bishop Kearney High School:
Annual Fund Gifts
Stock is such a convenient way of giving that many donors give gifts of appreciated securities to Bishop Kearney, thereby enjoying additional tax savings. If you transfer stock that has been held for more than a year and has appreciated in value, we can sell the stock and you will avoid tax on the gain. To make a gift of securities please call, or have your broker call Paul Forte, Assistant Director of Development, at 342-4000 or Heather Ilardo, Advancement Coordinator, at 342-4000 ex. 239.
A matching gift program is a corporate-sponsored benefit that matches, doubles or even triples an employee’s gift to Bishop Kearney. A wide array of companies and their subsidiaries as well as corporate foundations currently match their employees’ gifts to charitable organizations. To find out more, please check with your Personnel Office or contact Heather Ilardo at 342-4000 ex. 239.
Memorial and Honor Gifts
Each year, Bishop Kearney receives gifts “in memory” and “in honor of” students, faculty and staff members, parents, friends and others. Memorial and honor gifts may be unrestricted or designated to a particular area or fund. At the donor’s request, the surviving spouse or a designated family member will be notified of the memorial gift. For gifts made in honor to recognize a particular person or occasion, the Development Office will send a special letter to the honoree notifying him or her of the tribute gift. For more information please contact Paul Forte, Assistant Director of Development, at 342-4000.
Many donor and friends have established private scholarships to benefit Bishop Kearney students. Scholarships that are need and merit based have been offered to students in good academic standing who meet the criteria established by the donor(s) to the scholarship.
Establishing a named scholarship is a very meaningful way to give back to BK and impact the lives of current students.
To establish a named scholarship please contact Heather Ilardo, Advancement Coordinator, at 342-4000 ex. 239 or at firstname.lastname@example.org
Over the years, several donors have chosen to give a bequest to Bishop Kearney through their wills. Through a bequest provision, you can designate a specific amount of money, a percentage of your estate, or the remainder of your estate after other bequests are satisfied. Charitable giving through a will benefits the school, but can also benefit your heirs. Bequests that reduce the size of your taxable estate can reduce gift and estate taxes.
Gifts of Life Insurance
Life insurance may be an especially attractive gift vehicle if you own a policy that is no longer needed for its original purpose. In addition, those who qualify for low-cost premiums may find it more affordable and convenient to plan a significant gift using life insurance. By naming Bishop Kearney as the owner and beneficiary of a life insurance policy, you can take an immediate tax deduction for the accumulated cash value of the policy (if any) and a future deduction for any subsequent premiums which you pay.
For any questions related to giving a gift of cash, securities or property to Bishop Kearney High School, please contact:
Assistant Director of Development
Bishop Kearney High School
125 Kings Highway South
Rochester, New York 14617