Creative Gift Giving
While it is well known that individual contributions to St. Catharine Academy are tax deductible, is is less well known about how gifts can be maximized:
- IRA Charitable Rollover: If you are at least 70 ½ years old, you are required to make a minimum distribution from your IRA. If you are in this position, you can make a charitable donation to St. Catharine Academy that will help you meet this requirement. This donation is also tax deductible; and it will not increase your taxable income.
- Matching Gifts: Many companies offer matching gift programs. Matching gifts allows people to double and sometimes triple their donations. Information about Matching Gift Programs are available through the human resources department of most companies.
- Gifts of Stocks: St. Catharine Academy accepts gifts of stocks. Stock gifts are arranged through brokers. Once the stock gift is determined, the broker can contact SCA’s development office to be guided through the process.