Legacy: leg’a’cy
something from the past that is handed down or remains from
a previous generation or time; a bequest (money or property)
made in a will that is left to somebody
Heritage: her’i’tage
riches of the past; one’s history or way of life, considered
to be of interest and value to present or future generations
Tradition: tra’di’tion
a long established custom or belief, often one that has been
handed down from generation to generation
Pledge: plej’
a solemn undertaking; something delivered as security for
the keeping of a promise, a payment of a debt, or a guarantee
of good faith
|
WELCOME TO THE LEGACY SOCIETY
As the Director of Planned Giving, my intention is to serve the Brophy Community (alumni, parents, and friends) in their estate and deferred giving plans. We have developed a section within our website to help you explore options about your future and the schools. There are various giving options from which you can choose that meet your strategies, and provide your intentions within the Community.
For help with some of the different options you and your advisors might want to explore, you can click on the Legacy Calculator in the left corner of this page. This instrument is an interactive tool that can be used to assist in helping determine what is best for you.
I invite you to enter the Brophy Web site often to see what exciting things are happening here at school, and learn about what is available for you to participate in. I also encourage you to check on the Legacy Society section for continual new ideas and information.
If you have any questions, or information you would like to convey to the school, please feel free to contact me, Joe Helm, at 602-264-5291, ext 6430, or jhelm@brophyprep.org.
|
|
Charitable IRA Rollover Gifts – A Special Gift Opportunity
Under tax law changes the Federal Government approved in late December of 2010, they continued what was established with the Pension Protection Act of 2006. This allows individuals to make charitable contributions directly out of their Roth IRA or individual retirement accounts for the 2010 and 2011 calendar years.
If you are over age 70 1/2, the federal government permits you to contribute directly to a charitable organization from your IRA account (up to $100,000.00) without incurring additional income tax or penalties on the contributed amount. This can be for amounts that are either withdrawn under a voluntary or mandatory withdrawal manner.
This is a simple and easy way to contribute to Brophy and is a special opportunity for you with a positive tax consequence. If your IRA has increased in value over the years you may be in a situation where the required minimum distribution is actually more income than you need. The IRA rollover gift allows you to help a charitable organization while not increasing your taxable income.
If you are interested in donating to Brophy through this special way, check with your financial advisor to determine if an amount is correct for you and request that an amount be transferred to Brophy College Preparatory. It really is that easy.
The following are the requirements for making such a donation:
• You must be 70 ½ or older
• This offer applies to only those individuals who have traditional IRAs or Roth IRAs and not to other retirement plans such as 401(k) plans
• The law required that the rollovers be made directly by the IRA custodian to the qualified charity therefore it does not apply to distributions from an IRA to an individual, who then writes a personal check to the charity.
• No charitable income tax deduction is allowed since no income is reported
We advise you to talk with your financial advisor to see if this method of make a donation is appropriate for you. We also would appreciate your sharing this information with other family members or friends who may qualify and have an interest in helping Brophy continue its mission of educating Men for Others.
If you have any questions please contact Joe Helm at 602-264-5291, ext 6430, or jhelm@brophyprep.org. |
|
