Planned Giving

The Teresa of Avila Society acknowledges parents, alumnae, parents of alumnae, grandparents and friends of St. Teresa’s Academy who have named STA as a beneficiary of a planned gift or bequest. Planned gifts include designating St. Teresa’s Academy in your will, forming a charitable trust, or purchasing a gift annuity. These gifts can provide tax savings for you and help ensure future generations will benefit from the STA educational experience.

Please contact Megan Schaefer, director of development and marketing, with any questions.

This provision allows individual taxpayers aged 70 1/2 and older to make a charitable contribution up to $100,000 to STA from their Individual Retirement Accounts (IRAs) directly to STA with NO tax consequences.

Making a gift of appreciated stock is an advantageous form of giving for tax purposes by writing off the value of the stock as a gift while avoiding capital gains tax. The gift is valued as the sale price of the stock upon trade.

Gifts of appreciated real estate/property are similar to gifts of appreciated stock. If you have owned the real estate/property for 12 months or more, you will avoid capital gains taxes and deduct the fair market value of the real estate/property. The gift is valued as the fair-market value of the asset.

These types of trusts are funded with an asset, such as appreciated property or securities, and the earnings are paid as income to you and your beneficiaries. Upon the death of the last beneficiary, the principal goes to STA. In addition, you may amend a 401(k) or IRA to include STA  as beneficiary. The gift is valued as the total amount of the principal.

Charitable Lead Trusts are funded with an asset, such as appreciated property or securities, and the earnings are contributed to STA for the life of the trust. When the trust reaches its termination date, the principal goes to your beneficiaries. The gift is valued as the total of the earnings contributed from the creation of the trust to the termination.

Bequests may be made through your will. They may include a specific dollar amount or a percentage of your estate. The gift is valued as the fair-market value of the assets.

You may donate by making STA the owner and beneficiary of your insurance policy. The premiums on a donated policy are also deductible. If you are finished paying for the gifted policy, your gift is the replacement value or the cost basis of the policy, whichever is less. You may also donate a life insurance policy on which you are still making premium payments. The gift is valued as the total sum of the premiums.