There are almost as many ways to invest in Brother Rice High School as there are reasons to support it.
The following options can, perhaps, be beneficial to the donor, as well as to Brother Rice.
I. One-Time Gifts
- Gifts of Cash
The simplest and most popular way to make a contribution is to write a check, use a credit card, or give online. Your gift can be unrestricted, giving the administration the freedom to apply it where most needed, or you may restrict your gift to an area of your own particular interest.
- Gifts to the Endowment Fund
Your investment in this fund helps to secure the future of Brother Rice. The principal of the fund is never touched. Only the annual interest is used to benefit current students.
- Memorial Gifts
You may want to consider a gift in memory of a loved one. Memorial cards and envelopes are available in the Development Office. Memorial gifts are deposited in the Endowment Fund account unless otherwise specified.
- Named Scholarships
You may wish to establish a scholarship in memory of a loved one or in your family name. There are currently 13 such endowed scholarships set up by families who want to help deserving young men get a Brother Rice education.
- Matching Gifts
Check if your (or your spouse’s) company has a matching gift program in order to double or even triple your contribution to Brother Rice. It is as simple as filling out the form from your company and forwarding it to the Brother Rice Development Office. Matching gifts from corporations and foundations may also apply when donating securities.
- Gifts of Securities or Mutual Funds to Brother Rice
One of the most financially attractive ways for you to help Brother Rice is to make gifts of appreciated securities, such as stocks or mutual funds. Gifts of appreciated securities held for more than a year can provide you with a larger tax benefit versus just giving cash. For example, if you own appreciated securities, you can gift these shares directly to the school and avoid recognizing the additional income, avoid recognizing a capital gain and avoid any capital gains tax you may have incurred if you had sold the shares and donated the sale proceeds. When you gift securities you may deduct the full market value of your contribution on the date of the gift, (subject to IRS rules- check with your CPA) rather than your original cost basis.*
– Example 1: Gifting Cash After Selling Stock Example – Purchased XYZ stock for $2,000
– Example 2: Gifting Appreciated Securities – Purchased XYZ stock for $2000
– Sell XYZ stock for $25,000 – Gifted XYZ stock with Market Value of $25,000
– Capital gains tax (assuming top 23.8% long term rate*) = $5474 – Capital Gains tax* = 0
– Resulting net gift & tax deduction= $19,526 ($25,000 minus $5474) – Resulting net gift and tax deduction = $25,000
*always check with your CPA on matters affecting your taxes, Brother Rice does not provide tax advice*
Gifting shares of appreciated securities directly to Brother Rice is simple, provides a tax benefit to you and aids the school in our mission. You can transfer shares electronically from your brokerage account, or deposit physical stock certificates to fulfill your wishes of donating funds to Brother Rice High School.
HOW TO PROCESS ELECTRONIC GIFTS OF SECURITIES
Transferring publicly traded securities to Brother Rice is simple. If your investments are held at a brokerage firm, simply contact your investment firm & inform them of the name and quantity of stock you wish to gift and ask them to “deliver free” the shares to DTC #0015, Morgan Stanley, credit account number 628-XXXXXX*, Brother Rice HS. That will complete the electronic transfer for you. Please tell Mike McShane @ BR about your gift.
*Our account is with Dan Hack, Senior VP – Wealth Management at Morgan Stanley in Chicago. Please call or email him directly for Brother Rice’s account number@ 312.917.7538, or email@example.com
For tax purposes, your gift will be valued on the date the transfer to the school is completed. For your records, our tax-exempt federal identification number is 36-2345181.
HOW TO GIFT WITH PHYSICAL STOCK CERTIFICATES
Another means of gifting stock where a physical certificate is held by the owner is to sign the certificate over to Brother Rice by endorsing the certificate and completing a transfer of ownership form. To find out more about properly handling this process, please contact Dan Hack, at 312.917.7538 or firstname.lastname@example.org.
ASK DAN FOR HELP WITH OTHER WAYS OF GIVING
You may also donate to, and help the school, as follows:
• Naming Brother Rice as an IRA or Retirement Plan Beneficiary
• Name Brother Rice as a beneficiary of a Life Insurance policy
• Real Estate donation
• Personal Property donation
• Donor Advised Funds
• Gifts from an Estate or Trust
• Matching gifts from employers
• Grants from Foundations
II. Planned Giving
Making a contribution by using a planned gift is becoming increasingly popular. Through careful gift planning, alumni, alumni parents, and friends have discovered that they can have a more significant impact on the future of Brother Rice than otherwise thought possible. A thoughtfully chosen gift method can also allow our benefactors to meet their own needs and responsibilities while, at the same time, ensure the strength of Brother Rice.
Established in 1994 in celebration of 150 years since the founding of the Christian Brothers, the Edmund Society for Planned Giving was initiated. This is a special society to recognize those who have the foresight to provide for the long-term future of Brother Rice by choosing a planned gift method. A planned gift is one that is not an outright gift of cash, but is a deferred gift or a gift that involves special tax considerations. Included are commitments through bequests, trusts, gift annuities, insurance policies, or gifts involving securities, real estate, or gifts-in-kind. The planned gifts may be designated for the endowment, or unrestricted uses as directed by the Board of Directors and the Administration.
- Deferred Gifts
The traditional planned gift is the bequest. Because a bequest is a gift made in a will, the individual making the gift retains full use of the property during his or her lifetime.
Another type of deferred gift is the charitable remainder trust, which can be arranged to produce extra income, provide for retirement, or cover the cost of educating a child or grandchild. The donor is also allowed to take an immediate tax deduction for a percentage of the principal invested in the trust. When the trust ends, the remaining trust principal is given to Brother Rice High School.
- Gifts of Life Insurance
A way to invest in Brother Rice with a significant gift at a low cost is through the purchase of a life insurance policy. By naming Brother Rice as the irrevocable owner and beneficiary, premium payments can be tax-deductible. You may wish to take out a policy, or you may already have a policy and wish to name Brother Rice High School as the irrevocable owner and beneficiary. In this way you assure a substantial gift to Brother Rice at a relatively low cost.
For further information regarding an investment in Brother Rice, please contact Mike McShane ’87 at 773-429-4343 or Brian Badke ’92 at 773-429-4477 in the Development Office. Our legal title is Brother Rice High School, Inc.