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Estate and Planned Gifts


Leave a legacy for the next generation by including St. Mary’s in your will or estate plans. For more information about planned giving at St. Mary's Academy please contact Lindsay Frickle, Director of Major Gifts, at (503) 721-7740 or via email at lindsay.frickle@smapdx.org.

JOIN THE MOTHER MARIE ROSE HERITAGE SOCIETY

A Legacy of Catholic Educational Support

Every once and a while you may stop to consider the impact your life has on the people around you. Many people can look at their family and friends, knowing they have had a positive influence. Still they yearn to do something more, something positive for God’s Kingdom that will survive the challenge of time.

Often our cash resources are limited. We would like to give more money to our favorite charitable causes, but there simply aren’t enough resources available.

What if you could make a lasting and permanent gift, one that was bigger than you ever dreamed possible? And what if you could do it in a way that honored and protected your loved ones' inheritance at the same time?

If you would like to create this kind of gift, the Mother Marie Rose Heritage Society has been established just for you! This allows St. Mary’s Academy to thank a very special group of people, those who have remembered to include SMA in their future giving and estate plans.

The Mother Marie-Rose Heritage Society honors individuals who bolster the financial strength of St. Mary’s through planned gifts. Many have included St. Mary’s in their will, while others have established charitable trusts or designated St. Mary’s as a beneficiary of their retirement account or life insurance policies. Through thoughtful estate planning, these gifts help make St. Mary’s the vibrant learning environment it is today, and sustains the excellence of a St. Mary’s education for future generations of students.

Our legacy giving society is named after Mother Marie-Rose Durocher, the foundress of the Society of the Sisters of the Holy Names of Jesus and Mary. While Mother Marie-Rose died before St. Mary’s Academy was established, her legacy will live on forever in the missions and work of the SNJM Sisters.


How to Become a Member of the Mother Marie Rose Heritage Society

Becoming a member is simple. You can either call or write St. Mary’s Academy to tell us you have included our institution as a beneficiary in your estate planning, or you can ask for a copy of the Heritage Society brochure to get more information. For more information about including St. Mary’s Academy in your future plans, please call Lindsay Frickle, Director of Major Gifts at (503) 721-7740 or email lindsay.frickle@smapdx.org.


CONTACT US

Need More Information About Estate Planning?

If estate planning is something you are thinking about for the first time, or if you need to update an older estate plan, we have resource material and people available to help you. To get you started, St. Mary’s Academy has a “Will and Trust Planning Guide,” and an “Estate Inventory Form” that are free for the asking.

In addition, we have a staff representative who is well-versed in the technical aspects of business transition, retirement, and estate planning.

While St. Mary’s Academy cannot serve as your legal counsel, our staff representative is trained to help in areas such as:

  • how to sell your business while minimizing capital gain tax,
  • protect the way in which your loved ones receive their inheritance,
  • minimize taxation on retirement plans, and
  • reduce or eliminate estates tax all while significantly including stewardship in the planning decisions you make. If you would like to learn more about these unique services, call Lindsay Frickle, Director of Major Gifts at (503) 721-7740.

As a member of the Mother Marie Rose Heritage Society, you have the option to designate where your support ultimately goes. For instance, you could help underwrite:

  • Capital expansion
  • Student scholarships
  • Faculty enhancement
  • Where need is greatest

In the final analysis, the financial future of organizations like St. Mary’s Academy will largely be determined by the willingness of our closest friends to make future gifts through their estate plans. Please consider becoming a member of the Mother Marie Rose Heritage Society!

It truly will make a world of difference as we work together to create a legacy of Catholic education for girls in our city who will become leaders of the next generation.

When you call or write, please indicate the following:

  • I am considering becoming a member of the Mother Marie Rose Heritage Society.
  • I have already placed St. Mary’s Academy as a beneficiary in my estate plan.
  • I would like copies of the “Will and Trust Planning Guide” and “Estate Inventory Form.”
  • I would like someone to meet with me to talk about estate planning.

Contact Lindsay Frickle, Director of Major Gifts, now by email or at (503) 721-7740

Estate and Planned Giving Services

BEQUESTS

A person or couple can name St. Mary’s Academy as a beneficiary in their estate documents, regardless whether they use a will or living trust. This is one of the most meaningful ways a charitable organization can be supported by those who have been touched in some way by the work our institution is doing. And, it’s easy to do.

Please call Lindsay Frickle, Director of Major Gifts at (503) 721-7740. Lindsay will be happy to provide language you can give your attorney as you update or complete your estate plan.

RETIREMENT PLANS

Recently Congress changed the rules on retirement plans. Today, the payout rate requirement after age 70.5 is much lower than they used to be. Consequently, as people get into their 80s and 90s it’s more likely that their IRA, KEOGH, or 401k balances will remain higher. That is good news for most older Americans!

However there is a looming and often large tax on retirement plans that people often don’t consider while doing their estate planning. Here’s how it works:

Congress allows each of us to put money into a retirement account during our working years tax-free. In other words, we don’t have to pay income tax on the amount of money we place in IRAs, KEOGHs, or 401ks. Additionally, our retirement accounts get to compound in value tax-free as well in order to see them grow as quickly as possible to support us during our retirement years.

However, the IRS doesn’t forget that those very same retirement plans have never been subject to tax, So, if a person passes away while holding the retirement plan in their estate, income tax to your heirs and possibly estate taxes will be due.

To avoid this scenario, it’s sometimes advisable for people simply to name their favorite charitable organization(s) as the remainder beneficiary of their retirement plan. This can be easily done by calling the retirement plan administrator and filling out a new beneficiary designation form. Charitable organizations are not subject to estate or income tax, so the full value of the retirement plan can become a gift.

Call Lindsay Frickle, Director of Major Gifts at (503) 721-7740 for more information.

LIFE INSURANCE

St. Mary’s Academy is able to receive life insurance gifts in two ways. First, people often have what is called a “paid up” policy. In other words, they have owned the life insurance for so long, that cash value has grown inside the contract. Sometimes the amount is significant enough that the earnings on that cash are enough to pay the premiums.

In those instances, the life insurance is deemed to be “paid up.” So, whether a person has a “paid up” policy or has a policy with significant cash surrender value, St. Mary’s Academy is pleased to receive these kind of life insurance gifts.

Call Lindsay Frickle, Director of Major Gifts at (503) 721-7740 for more information.

NOTE: St. Mary’s Academy does not participate in start up life insurance programs, in any form, where the goal is to have donors make donations with the expectation that St. Mary’s Academy will use those proceeds to pay insurance premiums.


STOCK

If you have publicly traded stock that has appreciated in value, it is most advantageous to give the stock rather than cash. Why? Because any capital gain tax that you would have incurred if you sold the stock will be avoided when you give it to St. Mary’s Academy instead. Then, if you happen to like that particular stock, you can then use your available cash to repurchase the stock at a new, higher cost basis.

Call Lindsay Frickle, Director of Major Gifts at (503) 721-7740 for more information.

REAL ESTATE

While cash, CDs, and marketable securities are thought of most often when making a gift to a charitable organization, real estate is sometimes the best gift of all. Many people reach a stage in life where they simply don’t want the management responsibility that accompanies property ownership.

For those who have rental apartments or commercial buildings, not only can they avoid capital gain tax, but they can avoid depreciation recapture tax as well. For those people with farms or vacation homes, life-income arrangements such as CRTs or Gift Annuities can be equally rewarding.

Call Lindsay Frickle, Director of Major Gifts at (503) 721-7740 to discuss a gift of real estate.

GIFTS THAT PROVIDE INCOME BACK TO YOU

CHARITABLE TRUSTS

Charitable Remainder Trusts (CRTs) can be one of the most powerful planning tools available as people do retirement and estate planning. CRTs afford the donor potentially five favorable tax outcomes by virtue of one financial transaction. Here are the CRTs available to you:

  1. Capital Gain Tax Avoidance allows people to place an asset(s) in a CRT and avoid paying initial capital gain tax in the process. For example, if you paid $100,000 for some property that is now worth $500,000 you can sell the property through a CRT without having to report the $400,000 of capital gain as income.
  2. An Income Tax Deduction is available to those who create CRTs. If you live in Oregon, you are able to receive both a state and federal income tax deduction based upon a portion of the market value of the asset they place in a CRT.
  3. Tax-Free Compounding occurs on the asset(s) that is placed in a CRT. For example, if you place an appreciated piece of real estate in a CRT and then sell it, the proceeds are typically then invested in stocks and bonds. Any investment growth inside the CRT will occur tax-free for as long as the trust is in existence.
  4. Income Payments Taxed Favorably occurs as people receive their payments from a CRT. Often, if invested carefully, the person(s) receiving income from a CRT may receive portions of that income taxed at long-term capital gain rates. For many people, the long-term capital gain of 15% is less than their ordinary income tax bracket.
  5. Estate Tax Elimination can be accomplished for those with large estates. Effectively, the value of the asset placed in a CRT now comes out of the donor’s estate, thereby lowering the donor’s taxable estate. As an example, if an individual has an estate valued at $5,500,000, and they place a $500,000 asset in a CRT, the taxable value of their estate would be lowered roughly to $5,000,000.

Finally, life insurance can sometimes be a viable part of a CRT plan. If the donors want their loved ones to participate in the full value of their estate, then creating a life insurance trust with some of the CRT tax savings and additional cash flow can allow loved ones to “remain whole” as it relates to their inheritance.

Call Lindsay Frickle, Director of Major Gifts at (503) 721-7740 for more information.