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Mother Marie Rose Heritage Society
St. Mary's Academy has recently established the Mother Marie Rose Heritage Society to gratefully recognize the generosity of the individuals who have included the School in their estate plans or who have made a deferred gift to the School. Including St. Mary's Academy in your estate planning through a present or deferred gift allows those who cherish and value the rich history and traditions of St. Mary’s, to contribute to the establishment of a strong and prosperous future for the School, while also providing significant benefits to themselves and their families. Planned giving, both during life and through a donor’s estate serves to honor the values of the donor beyond his or her lifetime. Making such a commitment our donors leave a lasting legacy that will benefit St. Mary’s Academy and its students for years to come.
Individuals qualify for membership in the Mother Marie Rose Heritage Society by providing for St. Mary's Academy in any of the following ways:
A bequest is a meaningful commitment. Including St. Mary's Academy in a will or living trust is one of the easiest ways to make a gift to St. Mary’s.
Naming St. Mary's Academy as the beneficiary of your Retirement Plan Assets, such as an IRA, allows you to support the School while addressing estate and income taxes associated with these assets.
A remainder trust allows a donor to make a significant gift to St. Mary's Academy while he or she continues to receive periodic income from the contributed assets. The donor determines the term of the trust, and after the life income payments to the donor and/or other designated beneficiaries terminates, St. Mary's Academy receives the balance of the assets that remain in the trust.
An income trust allows the donor to pass substantial assets to beneficiaries with little or no taxes due to the government. This vehicle allows the donor to place assets in a trust, and assign the income benefits to St. Mary's Academy for a fixed number of years, after which time, the assets of the trust are distributed to the donor’s family or other beneficiaries designated by the donor.
A donor may choose to make a gift of life insurance in one of two ways. The first is by retaining ownership of the policy but designating St. Mary's Academy as the beneficiary, so that the donor’s estate will receive a charitable deduction upon his or her death. The second is by transferring ownership of an existing policy to the School, or purchasing a new policy with St. Mary's Academy as owner and making ongoing gifts to the school for the purpose of paying the premiums. This entitles the donor to an income tax charitable deduction in an amount equal to the replacement value of the policy donated at the time of the original gift, as well as an income tax charitable deduction for the gifts which pay the premiums.
If you have included St. Mary's Academy in your estate plan, or if you would like more information about planned giving please contact Anne Lawrance, Director of Annual Giving at 503-721-7720 or email at annel@stmaryspdx.org.
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