You can name St. Joseph Catholic Academy as a beneficiary of your bank savings accounts, mutual funds, brokerage accounts, life insurance, annuities, or IRAs.
A gift of a retirement account at the death of the account owner can benefit both you and your heirs. You will retain full control of the funds during your lifetime. At death, your retirement account gift will go directly to St. Joseph Catholic Academy.
Life Income Trusts
You may create a charitable remainder trust by transferring cash, securities or other property to a trustee (usually a bank), which will pay a yearly income to a beneficiary of your choice.
Life Insurance Policies
You can name St. Joseph’s as a beneficiary of your Life Insurance Policy so that the school will receive a percentage of the proceeds.
Making a permanent gift of cash or securities creates a charitable gift annuity to the school, which, in turn, agrees to pay yearly income to you (or to you and then to another designated income beneficiary such as a spouse or child) for life. The school receives the principle upon the death of the donor, or that of a second income beneficiary if it is a two-life contract.
Bequests and Wills
You may indicate that the school is to receive a certain sum of money, a particular piece of property, or a percentage of your estate.
Year-End Tax Saving Strategies
As the end of the year approaches, we write to highlight gift strategies that may be of interest to you and other supporters of St. Joseph Catholic Academy.
Contact Pauline McTernan, Development Director, for information at (262) 654-8651 ext. 115.