Planning Your Gift
Gifts can be made in several ways:
Shopping at Giant
Bonner & Prendie has teamed up with GIANT food stores for A+ School Rewards. This program offers the school a portion of their profits when a shopper uses his or her bonus card, now through March 21st, 2015. Please Click Here to see the official flyer for more details.
Gifts of Cash
This is the most common method of providing a gift. A cash gift to Monsignor Bonner & Archbishop Prendergast Catholic High School Catholic High School is tax deductible.
Gifts of Appreciated Securities
A gift of appreciated securities allows the donor to make a significant contribution at a reduced cost. Federal tax laws allow a charitable deduction for the full market value of securities on the date of the gift.
Gift of Life Insurance
Absolute Assignment: This method transfers ownership of a policy that has outlived its original purpose to the individual.
Co-Beneficiary: This method names Monsignor Bonner & Archbishop Prendergast Catholic High School Catholic High School as co-beneficiary of all or part of the proceeds of a new or existing policy.
Gift Annuity Agreements
Annuity contributions are lump-sum gifts to Monsignor Bonner & Archbishop Prendergast Catholic High School, and in turn Monsignor Bonner & Archbishop Prendergast Catholic High School makes fixed annual payments to the donor for life. A donor is allowed a tax deduction for a portion of the amount transferred, and for a period of years only a part of the payments will be taxed as income. The size of payment sis based on the age (s) of the recipient (s) at the time of the gift.
Charitable Remainder Annuity Trusts and Unitrusts
This option enables the donor to make a significant gift to Monsignor Bonner & Monsignor Bonner & Archbishop Prendergast Catholic High School Catholic High School during his lifetime and continue to receive income for him-self and/or other beneficiaries. After the life interests have passed, the remaining principal will pass to Monsignor Bonner & Archbishop Prendergast Catholic High School. In addition to income tax deductions in the year the trust is instituted (with five-year carry-over privileges), donors may avoid capital gains and significantly reduce estate and gift taxes.
Charitable Lead Trusts
This option enables Monsignor Bonner & Archbishop Prendergast Catholic High School Catholic High School to receive interest income for a specified period of time from a principal amount that a donor retains at the end of the trust term.
These are provisions in wills to leave a gift to Monsignor Bonner & Archbishop Prendergast Catholic High School Catholic High School. Charitable bequests are fully deductible from the estate and can significantly reduce estate taxes on the balance of the estate. Bequests may be specified as a gift of cash or securities, real estate, or other property. Alternatively, they make take the form of a percentage of the total estate. A donor may also consider a residuary bequest, which is a gift of all or a portion of one’s estate after other conditions are met.
BLOCS(Business Leadership Organized for Catholic Schools)
BLOCS (Business Leadership Organized for Catholic Schools) is a financial aid program offered to students enrolled in grades K-12. Assistance is given to those with greatest financial need. Forms can be picked up in the Tuition Office in January. Required documentation must be provided for the application to be processed. All information must be submitted by March 31st .
The Tap Program
The Tuition Assistance Program is for Archdiocesan High Schools Only. Applications are available at the schools Tuition Office after January 1st . Applications are to be mailed to the Tuition Assistance Program, 222 North 17th Street, Philadelphia, PA 19103-1299
Sponsor a Student Program
Sponsor a Student Program is designed to be a universal tuition assistance program providing potential supporters several donor options, various gifting levels and several different avenues through which to make contributions. This program is supported by the Office of Catholic Education and BLOCS.
Company Matching Gift Programs
Company Matching Programs are for employees and/or retirees. Enclose the company form with your monetary gift to Monsignor Bonner & Archbishop Prendergast Catholic High School so we can have your company increase your gift.
Pennsylvania Educational Improvement Tax Credits
Pennsylvania Educational Improvement Tax Credits are given to Pennsylvania businesses for contributions made to primary and secondary schools, including Monsignor Bonner & Archbishop Prendergast Catholic High School. This tax credit program involves companies making one or two year donations with a maximum tax credit of $100,000 annually.