PLANNED GIVING

An effective bequest is a simple way for an individual to carry out his or her long-term objectives of caring for family and benefiting Creighton Preparatory School. A bequest through a will can provide a perpetual gift in support of the School, its facilities or programs. There are three types of bequests to consider:

• Specific Bequest of cash or property
• Residuary Bequest which is fulfilled after certain family affairs are resolved
• Contingent Bequest which is made when specifically designated conditions have been met

Please contact the Advancement Office at advancement@creightonprep.org with questions.

It is possible to contribute works of art, paintings, stamp and coin collections, rare books and documents, antiques, and other tangible personal property. The charitable deduction depends on the use the school makes of the gift. In the case of the sale of property, the tax benefits depend upon the amount of time that elapses between the receipt and sale of the property.

Many families have accumulated sizable assets in their IRAs, which they plan to pass on to their children. The reality is that ordinary income taxes and estate taxes devour the majority of an IRA's benefits before they ever reach the children. The owner of an IRA can easily indicate Creighton Preparatory School as the death beneficiary for part or all of their IRA. This is a simple transaction which does not require involvement of the donor's attorney.

If you receive a distribution of $1.00 from your IRA, it is taxable income to you. If you are in a combined Federal and State rate of 25%, you would have $.75 left. If you request that your Plan Administrator distribute that same $1.00 to Prep, it is not included in your taxable income and Prep gets the use and benefit of the entire $1.00! It’s like making a gift of $1.00 at the cost of $.75.

Contact your Plan Administrator now to make your tax-free distribution. Contact the Advancement Office at advancement@creightonprep.org on (402) 548-6218 for more information.

Land gifts are explicitly excluded from acceptance, except with Board approval.

Many families or individuals are simply unable to consider a significant cash gift to Creighton Prep. But there are numerous men and women who have an interest in the School and who are willing to express an abiding interest in the school with a Life Estate Contract. For those who desire to create an endowment or have an impact on the full development of the master plan for Creighton Preparatory School, a Life Estate Contract may be the answer.

A family with a personal residence or farm -- preferably one on which there is no existing debt -- can transfer the deed to Creighton Preparatory School and reserve for themselves the right to live on or use the property for their lifetime. The donor receives a tax benefit for the gift based upon their age and life expectancy. This is an irrevocable gift for which the donor can receive immediate recognition.

Your generous donation may be doubled or even tripled depending on your employer's matching gift policy. This is an easy way to increase the impact of a personal contribution to Creighton Prep. Over 16,000 companies across the country are participants in matching gift programs. Is yours? To find out if your company offers a matching gift policy, click HERE.

Support Prep through a one-time donation or a recurring gift via a credit or debit card at our online giving page.

STOCKS

A gift of appreciated stock may entitle the donor to an income tax charitable deduction for the fair market value of the stock on the effective date of the gift and also avoid capital gain tax. In many cases it is more advantageous for a donor to donate the securities to a qualified organization than to sell the securities and donate the cash proceeds. However, we recommend that you consult your tax advisor for the best treatment considering your personal circumstances.

To transfer stock:

1) Instruct your broker to transfer shares of stock to Creighton Prep using the following information:

NOTE: Creighton Prep’s account type at Morgan Stanley is “Educational Facility” 501(c)3 non-profit organization.

2) Call the Advancement Office at (402) 548-6218 to let them know of your pending stock transfer or email advancement@creightonprep.org.

Mutual Funds

To give a gift through a mutual fund, contact the Advancement Office at (402) 548-6218 or email advancement@creightonprep.org for more information. 

Your generous donation of securities may be doubled or even tripled depending on your employer's matching gift policy. This is an easy way to increase the impact of a personal contribution to Creighton Prep. Over 16,000 companies across the country are participants in matching gift programs. Is yours? To find out if your company offers a matching gift policy, click HERE.

Quite often families have real estate for sale which has appreciated significantly in value - residential property, vacation property, farm land, or commercial property. Such an individual can be approached prior to the sale of the property to give an Undivided Interest in the property to Creighton Preparatory School.

Upon the sale of the property, the School's attorneys would attend the closing proceedings along with the majority owner. The title company will write a check to Prep for their share of ownership in the property, and the donor will receive a charitable tax deduction for the current fair market value of the property given to the School (determined as of the date of the donation). No capital gains tax will be levied on the appreciated value of the property given to the school. Timing of the donation is crucial and tax advice should be sought.