 | |||||
|
|
Advancement Links
●Annual Fund
View/Print Brochure/Reply Form |
Planned Giving OptionsProvidence Catholic High School’s goal is to keep its tuition very competitive compared to other private schools in the Chicagoland area. The Annual Fund Drive helps to close the gap between the revenues generated by tuition and fees and the actual cost of providing an education to our students. Without the support of our Providence alumni, families and friends through the Annual Fund Drive, Providence could not provide the outstanding education it currently does without a substantial increase in tuition. Each year, the Annual Fund benefits all students by minimizing tuition increases and supplementing existing academic, athletic and extracurricular programs at Providence. Providence Catholic High School has a variety of gift opportunities and funding options available for benefactors of the school. Faculty Endowment Fund Student Need-Based Financial Aid Endowment Capital Improvements Through the generosity of our families, alumni and friends, the Providence Endowment Funds have grown to over $2 million invested. The Faculty Endowment generates funds to better compensate our faculty members through salary and benefits. The Student Need-Based Financial Aid Endowment provides aid to Providence families in need of tuition relief. Providence families are now able to apply for over $160,000 in financial aid and grants annually through this endowment and through the Joliet Diocese Financial Aid Program. Capital improvements are made each year to renovate our building and grounds.
Athletic Memorials Individual Memorials Scholarship Trusts Providence Catholic High School has many different ways to remember a loved one through memorials. The Providence Athletic Memorial is located in the east end zone of Bishop Kaffer Stadium. Re-dedicated in 2000, the simple stone marker is engraved with the names of alumni athletes and friends of Providence who are remembered by families and friends. Names of loved ones can be added to the Athletic Memorial with a donation of $1,000 to the Providence Catholic High School Athletic Department. Individual Memorials and Scholarships and may be arranged between the Advancement Office and you and/or your financial advisor. Providence will work with you and your financial advisors on any gift opportunity you would like to consider for the school.
Click here to visit NEW Planned Giving website Bishop Roger Kaffer Endowment Fund Wills and Bequests Real Estate Gifts In Kind Gifts of Stocks/Securities Providence received a significant legacy from the estate of the Ley Family in 1993. The school was named in the Ley Family's will, and received this legacy to establish the Student Need-Based Endowment. Providence understands the importance of long range planning for major gifts. The Bishop Roger L. Kaffer Endowment Fund at Providence will ensure that the school will have a significant source of future funding. For a modest contribution over a five year period, you may sponsor an insurance policy that will benefit Providence in any amount including $25,000, $50,000, $75,000, or $100,000. Providence has been the beneficiary of many Gifts-In-Kind over the years. Real estate, stocks, bonds, even automobiles have been and may be donated to the school.
In-kind and Other Gift Sources A Providence education lasts a lifetime. Parents, families and friends must be actively involved in order to maintain this program of quality education for today’s students, the adults of tomorrow. Your participation will make a difference. As a member of the Providence family, you can get involved through: In-kind Gifts (Tax advantage) - Providence purchases many supplies for its daily activities, events and renovations. You or your company can help offset our expenses by donating product or merchandise to Providence.
If you own stock, it is often more tax-wise to contribute stock than cash. Gifts of appreciated stock are fully deductible. This is because a gift of appreciated stock generally offers a twofold savings. First, you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive an income tax deduction for the full fair market value of the stock at the time of the gift.
Gifts of cash are fully deductible up to a maximum of 50% of your adjusted gross income. For example, if your adjusted gross income for this year is $50,000, up to $25,000 of charitable gifts may be deducted this year. Any excess can generally be carried forward and deducted over as many as five subsequent years.
A gift of real estate can also be tax-wise. A residence, vacation home, farm, acreage or vacant lot may have so appreciated in value through the years that its sale would mean a sizeable capital gains tax. By making a gift of property instead, you would avoid the capital gains tax, and, at the same time, receive a charitable deduction for the full fair market value of the property.
Gifts of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. To receive a deduction, designate Providence as both the owner and beneficiary of the life insurance policy. Check with your insurance agent for the details.
Providence can be named a beneficiary in your will in any one of a number of simple ways. An outright gift, either a designated dollar amount or percentage of your estate, could be specified. Providence could also be named as a remainder beneficiary to receive funds only after specific sums have been paid to individual beneficiaries. Not all of the available methods of giving could be included on this site, and not all the tax ramifications of each form of gift could be explained. Check with your attorney, accountant or other tax advisors for additional information on how these general rules apply to your situation.
In order to wire transfer funds to the Providence Catholic High School account, wire funds to:
Stofan, Agazzi & Company Inc. |
Click below to donate
IMPORTANT - PLEASE READ *Unless otherwise noted, all gifts will be directed to Unrestricted Funds, which are allocated to the general operating expenses of the school. If you would like your gift "In Memory" or "In Honor" of a friend or loved one, please indicate this on the PayPal site under Name Fund or Message option.
Planned Giving Contacts
Mr. Ed Barrett |
