Make a Gift By Check and Other Ways to Invest

In addition to making a cash gift, there are many ways for you to invest in the future of St. Margaret School

Planned Giving

You could include the School in your estate plans. As you think about your plans, please consider including St. Margaret School in your will or trust. Some options include gifts of life insurance, bequests, annuities, and charitable remainder and lead trusts. Contact your financial planner or attorney for suggestions that make the most sense for you. Planned giving is a wonderful way to leave a legacy that helps ensure the school’s bright future and a wonderful way to make a gift that anyone can afford at any age.

Matching Gifts

Donors working for companies that matching gifts programs can double or even triple their gifts to St. Margaret School. Check with your human resources office to see if your company matches gifts.

Make a Gift of Securities

Gifts of stocks can save you from paying taxes on capital gains. As an Archdiocese of Baltimore school, St. Margaret School utilizes the processing mechanism the Archdiocese provides for the transfer of stock gifts. The Archdiocese of Baltimore has made arrangements with two firms, Alex Brown and Morgan Stanley Smith Barney (the contact information for both of which appears below), to assist those who want to contribute by means of the transfer of stock or other marketable securities:

Morgan Stanley

650 S. Exeter Street, Suite 1100, Baltimore, MD  21202

Attn: Lindsey Clifford (410-736-5321)

DTC Number: 0015

Account Number: 633-162167-190

Account Name: Roman Catholic Archbishop of Baltimore

(Include a note that the gift is for St. Margaret School, Bel Air)

Please also provide St. Margaret School’s Advancement Office with the following information.

• Name of security
• Number of shares
• Name of donor, class year if applicable
• Designation of gift/how you would like the School to use your gift
• Brokerage or bank where the shares are held.

You can call 410- 879-1113 x 175 or email emcfadden@smsch.org with this information.

Charitable IRA Rollover Gifts

You can put your IRA to work for St. Margaret School!

Did you know the gift of a Qualified Charitable Distribution (QCD) benefits donors aged 70½ and up?

The Qualified Charitable Distribution (QCD) is an excellent way to show your support for St. Margaret School and receive tax benefits in return. As you plan your required minimum distributions (RMD), consider using your IRA account to make the most of your charitable giving. You receive a tax benefit even if you take the standard deduction!

Of note: while the new SECURE Act has raised the age to 72 for Required Minimum Distributions, donors may still make QCD gifts starting the year they turn 70 ½.

It’s important to consider your tax situation before deciding whether to make a charitable contribution from your IRA. Be sure to share this gift plan with your financial advisor.

To qualify

• You must be 70½ or older at the time of the gift.
• Distributions must be made directly from a traditional IRA account by your IRA administrator to St. Margaret School.
• Gifts must be outright, meaning they go directly to St. Margaret School. Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities do not qualify.
• Gifts from 401k, 403b, SEP, and other plans do not qualify. Ask your financial advisor if it would make sense for you to create a traditional IRA account so you can benefit from an IRA Qualified Charitable Distribution.

Tax Benefits

• IRA Qualified Charitable Distributions are excluded as gross income for federal income tax purposes on your IRS Form 1040.
• The gift counts toward your required minimum distribution for the year in which you made the gift.
• You could avoid a higher tax bracket that might otherwise result from adding an RMD to your income.

The CARES act temporarily waives required minimum distributions (RMDs) for all types of retirement plans (including IRAs, 401(k)s, 403(b)s, 457(b)s, and inherited IRA plans) for the calendar year 2020. This includes the first RMD, which individuals may have delayed from 2019 until April 1, 2020.