There are a number of different ways that people can give back to Scecina Memorial High School. Below, you will find detailed descriptions on how you can give back today!
Gifts of Cash
Cash gifts are fully deductible within the tax year of which they are given unless the total amount of the gift exceeds 50% of your adjusted income. However, the excess can be carried forward for up to five years and used as a deduction within those years.
Gifts of Property
Almost any type of property has the potential to be a suitable charitable gift. This includes securities, art objects, real estate and other types of personal property. If you own property on which the value has appreciated so that it generates long-term capital gain if sold, you are generally better off donating the property to the school rather selling it and donating the proceeds. Consult your attorney or tax advisor to find out what is best for your situation.
Life Income Plans
A donor may wish to make a significant gift during his/her lifetime, but may find it necessary to utilize income from those same assets. With this situation, a life income gift may be the answer. The basis of this type of gift is that you make irrevocable contribution of cash or other assets to the school or the Catholic Community Foundation. The school or foundation will act as a trustee for these assets which would allow the school or foundation to invest the assets and pay you an income for the remainder of your life and the life of your spouse or other beneficiary. At the end of these "life interests" the remaining principle will be passed on to the school.
The most common type of planned gifts is a bequest, which is a provision in your will for a gift to the school. A charitable bequest is fully deductible from your estate and can significantly reduce estate taxes on the balance of your estate. Your bequest can take the form of a specific bequest, cash or securities, real estate or other property. It can also take the form of a percentage of your total estate. A donor can make a gift to Scecina by using a residuary bequest, which is the gift of all or a portion of your estate remaining after the payment of specific bequests, debts, taxes and administrative expenses. You can also make a contingent bequest, which takes effect only if your primary beneficiaries predecease you or are otherwise disqualified as legatees. This type of bequest may work well for younger donors because it does not adversely affect the primary interest of the donor's spouse, children or other primary beneficiaries. A bequest can be restricted or unrestricted. Due to the uncertainty of the school's future needs, donors often make their bequests unrestricted in order to allow the use of funds where they are most needed.
Giving to an Endowment
Gifts to an endowment are a permanent investment in Scecina’s future. The original value of the gift is multiplied as it generates continuous investment income for the needs of Scecina.
Tributes and Memorials
The memory of a loved one can be recorded as a tribute or memorial gift to Scecina Memorial High School. The memorial is recognized in the Annual Report and notification of memorial contributions are made as you request.