Excellence - Every Day, Every Way
Plan to support St. Luke's
Planned giving enables donors to take advantage of the tax, financial, and estate planning benefits of philanthropy. Planned gifts can take many forms, including assets such as cash, stocks, bonds, mutual funds, property, and real estate. St. Luke’s is happy to work with donors and their tax advisors to set up planned gifts. Below are a few possibilities for planned giving that can benefit both the donor and the school.
Gift of Securities
If you hold securities that would result in a long-term capital gain if sold, you can make an outright gift to St. Luke’s and realize substantial savings on capital gains tax on the appreciation. Thus, the actual cost to you as a donor is often far less than the value of your gift to the school. It is recommended that you consult with your tax advisor to discuss the latest IRS rules and regulations.
It is very important to inform the school if you are making a gift of securities. Contact Rosa Baker in the Business Office at 210-826-0664. She can assist you in the transaction of transferring stock to the school.
Once the stock is in the St. Luke’s account, you will receive a letter from St. Luke’s valuing your gift by the mean value per share on the date it arrived in the School’s account.
Individuals may choose to set up a charitable bequest to St. Luke’s by including the school in their will or estate plan. Bequests can take many forms, such as residuary, outright, or contingent bequests; retirement fund gifts; or living trusts. Gifts to St. Luke’s from an individual’s estate are exempt from federal estate taxes. Bequests can either be unrestricted or restricted and can be designated for expendable or endowed funds, enabling donors to specify how they would like their gifts to be used to benefit St. Luke’s. Please contact Joyce Horner, Director of Development, at 210-826-0664 for additional information.