There are various and creative ways for donors to invest in Mount Notre Dame through a planned gift. Below are some of the avenues which our donors have made and make planned gifts to Mount Notre Dame.
Wills and Trusts
A planned gift through your will or trust allows you to leave a lasting legacy at Mount Notre Dame High School. By including a bequest in your estate plans, you can designate a specific amount, percentage of your estate, or a particular asset to support our mission. This type of giving not only ensures that your values continue to impact future generations but also offers you peace of mind knowing you’re making a difference.
Stock and Securities
Donating stock or appreciated securities to Mount Notre Dame High School is a smart way to make a planned gift while potentially benefiting from tax advantages. By contributing these assets, you can avoid capital gains taxes and receive a charitable deduction for the full market value of the securities at the time of the donation. This approach allows you to support our mission while making a significant impact on the future of our students.
Retirement Plans
Making a planned gift through your retirement plans, such as an IRA or 401(k), is a powerful way to support Mount Notre Dame High School. By naming the school as a beneficiary of your retirement account, you can ensure that your hard-earned savings continue to impact future generations. This method allows you to avoid income taxes on the distribution while providing a significant gift to our mission. For more information on how to designate Mount Notre Dame as a beneficiary, please contact Director of Development, Abby Dean Held ‘02.
Qualified Charitable Distribution
A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $105,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions. As a result, donors may avoid being pushed into higher income tax brackets and prevent phaseouts of other tax deductions, though there are some other limitations.
For more information about Planned Giving with Mount Notre Dame, please contact Director of Development, Abby Dean Held ‘02.