Bishop Guilfoyle High School
Giving to BGHS
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Giving

Heritage Society

Planned giving provides a variety of ways to make a planned gift while not depleting your lifetime assets. In some cases, planned giving provides additional income and significant tax deductions to the donor.

Your attorney, accountant or tax advisor can provide additional information on these ways of giving that apply to your specific situation. If you are interested in learning more about these gift opportunities, please contact the Development Office at Bishop Guilfoyle. Learn about various ways you can contribute to Bishop Guilfoyle during your lifetime and/or through your estate, while providing for current income needs and the future financial needs of your loved ones. Three examples of planned giving are listed below.

BEQUESTS

A GIFT PROVIDED FOR IN YOUR WILL - Bequests may be a percentage of your estate, the residual of the estate, a specific gift item, or a specific dollar amount. Estate taxes may be reduced by a bequest to Bishop Guilfoyle Catholic High School.

GIFTS OF LIFE INSURANCE AND PENSION BENEFITS

A GIFT OF LIFE INSURANCE - This allows you to contribute a previously acquired policy that may no longer be needed for its initial purpose. Bishop Guilfoyle Catholic High School may also be named as a beneficiary of a life insurance policy, company pension or profit-sharing plan, or of a private fund such as an IRA, Keogh or tax-sheltered annuity. Each of these gifts may result in tax savings for you.

GIFTS OF REAL ESTATE

A GIFT OF REAL ESTATE - This provides considerable tax benefits. You also have the option of retaining the right to occupy the property for life.

For more information on giving to Bishop Guilfoyle, call the Development and Alumni Office at 814-944-3987.