Make a Gift in 3 Easy Steps
Beneficiary Designations Are Easy and Flexible
Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three, simple steps to make this type of gift. Here's how to name Notre Dame Cristo Rey High School as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
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Solutions for Large Donations
The Advantages of a Charitable Remainder Trust
If you have built a sizable estate and you are looking for ways to receive reliable payments, consider a charitable remainder trust.
(Charitable remainder trust: A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.)
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
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A Tax-Saving Way to Help Notre Dame Cristo Rey High School
See Your Generosity in Action
If you are 72 years old or older, you can take advantage of a simple way to benefit Notre Dame Cristo Rey High School and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
This law no longer has an expiration date, so you are free to make annual gifts to our organization this year and well into the future.
Why Consider This Gift?
- Your gift will be used today, allowing you to see the difference your donation is making.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
Click on this link for commonly asked questions about this opportunity.
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Create a Lasting Tribute
Honor Someone Special with a Future Gift in Their Name
If you have a loved one who has been impacted by Notre Dame Cristo Rey High School, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.
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Your Gift Can Last Forever
The Power of an Endowed Gift on Notre Dame Cristo Rey High School
An endowment gift to Notre Dame Cristo Rey High School today provides a brighter picture for our future. When you donate to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at NDCR. The remaining funds are reinvested to ensure indefinite support.
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Support the Important Causes in Your Life
Harness the Giving Power of a Private Foundation
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Notre Dame Cristo Rey High School and other charities.
(Donor advised fund: A donor advised fund is an account that you set up, but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to NDCR or other charities. You cannot direct the gifts.)
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend-but not direct-how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
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Protect Your Assets
Charitable Lead Trusts Offer You Options
You can benefit from the tax savings that result from supporting Notre Dame Cristo Rey High School without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to NDCR:
A charitable lead annuity trust pays a fixed amount each year to NDCR and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to NDCR go up as well.
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For Professional Advisors
In your work as a professional advisor, you value professionalism, integrity and honesty, taking the utmost care when serving your clients. As a nonprofit organization, we share your values and take the same care when it comes to helping our donors plan charitable gifts to Notre Dame Cristo Rey High School. Please use these tools as you help your clients with their charitable plans, and feel free to contact us for more information or assistance.
Tools for Professional Advisors
Legal name: Notre Dame Cristo Rey High School
Federal tax ID number: 02-0296284
Located at: 203 Lawrence Street, Methuen, MA 01844
Make a Gift to NDCR in Your Will
If your clients are interested in supporting NDCR with a gift in their will, we have provided sample bequest language that they can bring to their estate planning attorney.
(Bequest language: "I give to Notre Dame Cristo Rey High School, a nonprofit corporation currently located at 203 Lawrence Street, Methuen, MA 01844, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.")
Partner with Us
We understand that gifts to charities such as NDCR can be an important part of your clients' overall financial and estate plans. That's why we're committed to working with you to ensure that your clients find the charitable arrangements that best meet their needs. We believe that charitable planning is a process that ideally involves the donor, professional advisors and our staff—all working together to arrange the best gift possible.
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Financial Accountability
