LEAVE A LEGACY AT LA SALLE
Your support matters.
With thoughtful planning, you can ensure your generosity will have an
enduring impact on generations of young men at La Salle College High School.
With a planned gift, you can make a big impact in a simple way.
Explore the options of supporting La Salle through several different gift options.
We will work and help you find a charitable plan that works for you and your family and support La Salle.
Vice President for Institutional Advancement
Phone: (215) 402-4809
Major Gifts Officer
Phone: (215) 402-4813
The DeMerlis Family - Jim '74, Kyle '16 & Matthew '17
My LaSalle education provided me an exceptional foundation for my academic, professional and personal endeavors.
Debra & Jeffrey Morgan, AIA ’69
A planned gift from Debra and Jeffrey Morgan ’69 will help ensure “La Salle boys” will continue to have a strong school into the future.
Kieran Trainer ‘11 (farmost to left)
Experiences as a student, volunteer, teacher and staff member guided Kieran Trainer to join the Signum Fedei Society.
The Signum Fidei Society is comprised of generous alumni and friends who have made a planned gift to La Salle College High School.
- Appreciated Stock and Securities
- Donor-advised Fund
- Will/Living Trust
- Beneficiary Designations
- Life Insurance
- Charitable Remainder Trust
- Charitable Lead Trust
- Tax-Free IRA Gift
Immediate impact: A cash gift by check, credit card or money order today, whether large or small, helps to ensure that the tradition of a Lasallian education can remain strong, and that all qualified students are able to pursue a secondary school education here regardless of their ethnic, religious, or socio-economic backgrounds.
Payable on Death Account (POD): A special type of bank account that allows for the money remaining in the account when the account owner passes away to pass directly to beneficiaries, such as La Salle College High School, named by the account owner. The beneficiaries named by the owner have no access or control over the POD account until passing, and the owner can change the beneficiaries of the account at any time while still alive and competent to do so.
Make a bigger impact by donating long-term appreciated securities, including stock, bonds and mutual funds, directly to La Salle College High School. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction.
It’s simple and easy – when you donate to La Salle, you’ll generally take a tax deduction for the full fair market value. Because you’re donating stock, your contribution and tax deduction may increase by more than 20%*. The same principle applies to bonds and mutual funds.
* This assumes all realized gains are subject to the maximum federal long-term capital gains tax rate of 20% and the Medicare surtax of 3.8%, and that the donor originally planned to sell the stock and contribute the net proceeds (less the capital gains tax and Medicare surtax) to charity.
A donor-advised fund is an account that you set up, but it is managed by a nonprofit organization – in essence, it is like a charitable savings account. You contribute to the account, which grows tax free, and gives you flexibility in your philanthropy. You can recommend how much and how frequently you want to distribute money from that fund to La Salle College High School or other charities, but you can’t direct the gifts.
You qualify for federal income tax charitable deductions at the time of contributions, but avoid the cost and complexities of managing a private foundation.
You wish to leave La Salle College High School money in your will. You also wish to have flexibility to modify in the event life circumstances change. With a gift through your will or living trust, you can do both.
You can gift a flat amount in your will, or donate a percentage of your estate to ensure your family’s future financial security.
A gift to La Salle in your will is as simple as one sentence:
“I, (name), of (city, state, zip code), give, devise and bequeath to La Salle College High School (state percentage of estate, percentage of residue, or sum of money, or otherwise describe property) for its unrestricted use and purposes (or state specific purposes, if desired).”
La Salle College High School’s preference is bequests be made for unrestricted use and purposes.
A gift through a beneficiary designation is as simple as a few easy steps. Plus, it gives you increased flexibility by using your IRAs, retirement plans, life insurance or commercial annuities.
How do you make a gift through a beneficiary designation? Follow these steps:
- Contact your retirement plan administrator, bank or financial institution, or insurance company for a change-of-beneficiary form.
- Choose the percentage (1 to 100) you wish La Salle College High School to receive, and name La Salle and your selected percentage on the form.
- Return the completed form to your retirement plan administrator, bank or financial institution, or insurance company.
When the original intention for a policy (education, mortgage, spousal support) no longer applies, your policy can become a simple but potent way to support La Salle College High School. There are three ways to support La Salle by gifting life insurance:
- Name La Salle College High School a beneficiary of the policy.
- Outright gift of an existing policy.
- Outright gift of a new policy.
A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to La Salle College High School.
CRTs generate income and can enable you to pursue your philanthropic goals while also helping provide for living expenses. Charitable trusts can offer flexibility and some control over your intended charitable beneficiaries as well as lifetime income, thereby helping with retirement, estate planning and tax management.
A charitable lead trust (CLT) is an irrevocable trust designed to provide financial support to La Salle College High School for a period of time, with the remaining assets eventually going to family members or other beneficiaries.
Charitable lead trusts are often considered the inverse of a charitable remainder trust (CRT). CLTs operate for a set term, which could be the life of one or more individuals, and payments are made to one or more designated beneficiaries – such as La Salle – for that time period. After the end of the trust term, the remainder of the trust is distributed to non-charitable beneficiaries, such as family members.
If you are 70 ½ years old or older, you can take advantage of a simple way to benefit La Salle College 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 La Salle without having to pay income taxes on the money.
This law no longer has an expiration date, so you are free to make annual gifts to La Salle this year and well into the future.