Ways of Giving to SHS
Investing in Sacred Heart School
Endowment and Planned Giving
A bequest is a gift that can be made by almost everyone. It involves no immediate loss of capital or income, and tax benefits minimize cost to one’s heirs. It is the most common form of providing an ultimate gift and to perpetuate your life interest and influence into the future. It is one of the simplest and cleanest forms of planned giving. There are several different types of bequests, and we would be happy to provide you with more information if needed.
Donating shares of publicly traded securities registered with the Securities and Exchange Commission and bought and sold on a periodic basis through a recognized stock exchange or broker may help avoid capital gains tax and take a charitable deduction for the full value of the stock. Closely held securities would be subject to a case by case review. For assistance about this simple transaction, you or your broker can call our office.
A trust permits you to make a gift during your lifetime while still receiving the income from capital, securities, or other property involved. Two of the most common charitable trusts are the unitrust and annuity trusts. In both cases, the income is available to you for your lifetime, and, if desired, for the lifetime of your beneficiary. At the same time, you will receive a charitable contribution deduction on your money tax, and capital gain, if any, is exempt from tax.
You may be able to designate SHC or SHS as a beneficiary of your IRA, CD, or other retirement plan. This may help you reduce income and estate taxes.
You make an outright gift of real estate, a personal residence, recreation property, or farm, and qualify for a charitable deduction. A gift in this form enables you to avoid a capital gains tax on the appreciation of the property, just as with gifts of appreciated securities. Investment properties do not apply.
If you have a life insurance policy which you no longer rely on, consider putting the money to work for SHC or SHS. This can be done by designating SHC or SHS as the beneficiary or donate a policy on which you have paid some , but not all, of the premiums.
Annual Fund Drive
Each year in the fall, the school sends out its appeal to alumni, parents, parishioners, businesses, and friends to support the many programs and projects at the school. We count on the financial support of all these groups each year to help bridge the gap between the actual costs of education and what the school receives in tuition and subsidy. This is the perfect opportunity for those alumni who are unable to participate in local fundraising for the school to invest in the future of SHS!
Sacred Heart Memorial Society
You can memorialize or honor a loved one by entering them into the Sacred Heart School Memorial Society. Send your donation to the school, and your loved one will be remembered each month at a school mass. A minimum donation of $10 is requested; donations of $100 or more receive a full page in the memorial book.
Signature Glass Blocks
Although this project has been completed, there are still a number of blocks available for you to remember or honor a loved one, remember your years at SHS, thank your parents for their love and support, etc. Opaque blocks can be purchased for $100, the clear, “On the Cross” blocks are $200.
Remote Fund Raising Opportunities
There are so many ways that our readers can support Sacred Heart School without spending an extra dollar! It just takes a little planning ahead. Each year we are able to purchase needed materials for the classrooms with the money from some of these programs. Participation in these programs is low, and we would love to see all of you jump on board to help us raise more money for the school. Read below to see how you can get involved.
Box Tops/Campbell Soup Products Labels - This one is really simple: Just buy the products, clip the box top and labels from these products, and send to the school or drop them off in the Campbell's soup containers in the church vestibule or at the school.
Giant has a great program to help schools called Giant A+ School Rewards Program. Simply register your Giant Bonus Card at www.GiantAplus.com and designate Sacred Heart School by using School ID #01112 so the school can receive benefits every time you shop! Last year we received a check for $1,271.52.
Target has a similar program called "Take Charge of Education." A shopper at Target who uses a Target Guest Card or a Target Visa upon checkout will accrue benefits to Sacred Heart School through his purchases. Target will donate an amount equal to the percentage of qualifying purchases by check twice a year. In addition, if a purchaser uses a Target Visa for purchases outside of Target, the school will receive additional donations. The nearest Target stores are in State College on 315 Lowes Blvd. and on Jonestown Road in Harrisburg.
Tuition Dollars - This program makes hundreds of dollars for our school, and benefits the students and families, too. You purchase gift certificates for local stores and restaurants which are offered to us at a discount, and use the gift certificates the same as cash. You receive a percentage of the discount to apply towards tuition, or to the Angel Fund if you do not have children in the school, and the remaining percentage of the discount goes directly to the school. Simply purchase your certificates at the school or the parish office. They make wonderful gifts, too! Help us increase participation in this program as well, as this is one of our most successful and lucrative money makers!
Ink Cartridge Recycling - We are recycling empty ink cartridges from computer printers for cash. Drop off or send your empty cartridges to the school at any time.
Year-Round Magazine/Gift Fund-Raising through QSP - Although we hold our magazine sale in the winter, you can help us any time throughout the year! Follow the link for instructions, and each purchase/renewal means a 40% profit for SHS!
We thank all of you, near and far, who have loyally participated in some or all of these programs.
For the balance of our readers, we encourage you to get involved in one, more, or all of the programs and help us make a difference!