Private support has allowed St. Joseph by-the-Sea to build upon its commitment as an educational institution, providing academic and scholarship programs to a diverse student body. The generosity of those who give to the high school makes a crucial difference in Sea’s ability to fulfill its mission.
Capital Donations- Capital gifts for building renovations or construction provide students and faculty with facilities to support their educational goals. First-rate facilities are essential to education in an ever-changing world, and allow the College to provide students access to the best. Appeals such as these have assisted in financing the 1.7 million dollar athletic complex "Viking Park"
Naming Opportunities- St. Joseph by-the-Sea encourages donors to consider recognition through a commemorative gift. Naming opportunities for new construction or for existing facilities are available for those wishing to give recognition or a memorial as a lasting tribute to accomplishments. For more information, please contact Roy Mackey at (718) 984-6500 for more information.
Endowed Gifts- A minimum contribution of $25,000 made through a lifetime gift, bequest, or yearly installment may be used to establish an endowed scholarship or other activity. The principal is preserved and the income supports the activities of the fund. These funds provide much-needed long-term support, benefiting the Sea community far into the future.
Corporate Matching Gifts- Many corporations and organizations match employee contributions, doubling or even tripling the gift. The school derives significant benefits from this source of revenue, and they allow your gift to go further and affect more aspects of the School.
Assets to Give- There are so many ways of giving -- a monetary gift is the simplest and most immediate way to give to St. Joseph by-the-Sea and immediately impacts the Sea community. Monetary gifts may be pledged over the course of one or more years. Monthly or quarterly pledge payments enable some donors to make a larger gift to St. Joseph by-the-Sea at a comfortable level for them. Giving appreciated assets such as stocks, bonds and mutual funds that you have owned longer than one year can allow you to bypass capital gains tax that would be due on a sale of the assets. This can reduce the after-tax cost of your gift by as much as one-third. Of course, your tax rate determines how much you save -- the higher your tax rate, the more you save from each dollar donated. In some cases, property can be given outright to support St. Joseph by-the-Sea and the donor receives a charitable income tax deduction for the fair market value of the property. Gifts of real estate can also be used to fund a life income gift.
Life income arrangements vary, but most options offer the following financial benefits:
• An income for life to the donor and second beneficiary
• A charitable income tax deduction
•A higher rate of return than many current investments
• A reduction or avoidance of capital gains taxes; and
• Savings on estate and gift taxes; and professional investment management.
Bequests- For many donors, a gift made through a will is the best way to make a substantial contribution to the school. Donors can leave specific dollar amounts or a percentage of their estate. Through a bequest, a donor can make a gift without deleting current assets, and eliminate or reduce federal estate taxes. For more information, please call Roy Mackey at 718-984-6500
The purpose of this information is to provide accurate information of a general character only. For advice and assistance in specific cases, the services of an attorney or other professional advisor should be obtained. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts. All types of gifts, regardless of how you choose to give to Sea, help sustain our goals and secure the excellence of St. Joseph by-the-Sea today and the vision of our future.
Thank you for your commitment to our vision.