Gifts and Memorials
Donation of Stock
Parishioners or others who would like to give donations of shares of stock or bonds to the "Be Part of The Dream" campaign or to the Church or school may do so by calling Don Campagna at 561-417-3737. Don, parishioner and registered representative of Raymond James, will give you detailed instructions. Your stock will be transferred electronically that day. If you have any questions prior to making that call, you may call Harry Fear, Director of Development at 561-392-8172 Ext. 13
Estate Plan/Trust
Parishioners that are thinking of remembering their "Be Part Of the Dream” campaign in their Estate Plan or by establishing a Trust for the benefit of the St. Jude Church or school, please call our Development Office 561-392-8172.
How To Make Effective Deathbed Transfers?
Many people want to leave assets or a remembrance at their death to grandchildren, other relatives, friends and organizations, i.e. schools and churches. But, giving assets during life instead may result in more of the donor’s wealth passing to beneficiaries and less going to the government as tax. Unfortunately, many people don’t realize this until they are on their deathbeds, and transfers at that time require special planning.
WHY MAKE GIFTS? Donors may have many reasons for not making gifts until after death. They may not want to lose control or possession of assets until they are certain they won’t need them. Or perhaps they simply have never considered lifetime gifts as alternatives.
But, when a donor is not expected to live long, he or she may, for the first time, take seriously the prospect that estate tax will erode assets. Lifetime gifts can cut down on erosion by removing the assets from the donor’s taxable estate. In 2004, a donor can give up to $11,000 per recipient per year free of gift taxes. It may be too late for donors on their deathbeds to implement other estate reduction strategies, but they can still take advantage of these annual exclusion gifts.
WE ARE HERE TO HELP: The St. Jude Financial Council is here to benefit our parishioners. Please let us know if you would like one of our professional financial planners, who are all fellow parishioners to help you develop an effective plan to make tax saving gifts to your loved ones before and after you have passed. There is no charge for an initial visit to any of these professionals. For more information, call Harry Fear, Director of Development, 561-392-8172.
Source: The Estate Planner March/April 2004
What are matching gifts?
More than 100 parent companies and corporate foundations in the United States currently match their employees’ gifts to non-profit organizations such as St. Jude School or other community organizations. Here is how it works. Under a corporate matching gift program, gifts made by a company’s eligible employees to the non-profit organization that meet the company’s guidelines are matched with company or corporate foundation funds. Generally to initiate a matching gift a donor completes the company’s matching gift form and sends it along with his or her donation to the recipient non-profit organization (in this case, The Development Office, St. Jude School). We then complete the form certifying that we have received the employees’ gift and that we are eligible to receive matching gifts under the company’s guidelines. We then forward the form to the company. After the company verifies the eligibility of the donor and the recipient organization (St. Jude School) the company sends a check to St. Jude.
If you are not sure your company has a Matching Gift program, ask your Human Resources Department. If you need more information from our school, call Harry Fear at our Development Office, 561-392-8172 ext. 13.
The following firms have recently participated in the Matching Gift Program at St. Jude:
Allstate, American Express, General Tire, IBM, Merrill Lynch, MNBA, Motorola, Publix and Wachovia Bank.