Legacy Society

San Joaquin Memorial High School’s Legacy Society recognizes the generosity of individuals and families who have included San Joaquin Memorial in their wills or other form of planned giving. Membership to the Legacy Society is available to anyone who informs San Joaquin Memorial that the school has been included in their will or made our school the beneficiary of any other form of deferred gift. These gifts help ensure our future and can provide significant benefits to the donors. For more information, contact The Office of Advancement at [email protected] or call 559-475-5831.

Gift Types

Cash – Your gift by cash/check/credit card is an investment in our school and our ministry of Catholic education.

Stock, bonds, mutual funds – Stocks and securities provide an immediate gift to San Joaquin Memorial High School and are a wonderful way to give, especially if they have appreciated in value. You receive two tax benefits, an income tax deduction for the fair market value of the stock (not just the original investment) and avoidance of any capital gains tax on the stock’s appreciated values. Donating stock removes it from your estate, saving you possible estate taxes.

Will Bequests – You can name San Joaquin Memorial High School as a beneficiary in your will by leaving a gift of a percentage of your estate, a specific amount or a residuary amount.

Gift Annuities – You can make an irrevocable gift to San Joaquin Memorial High School and it provides income to you for life.

• Gift annuity rates range from between 5 and 11 percent, depending on your age.
• If you have stock or another appreciated asset you can contribute it to a gift annuity and avoid capital gains.
• You receive annual payments.
• You fund it with cash, securities, tangible property or real estate.
• Your annual income depends on your age.
• You receive an income tax deduction for a portion of the value of your gift the year you make it.
• If you desire to make a gift but need stable annual income, a gift annuity is an option.
• The asset you use to fund your gift annuity is removed from your estate, saving you possible estate taxes

Life Income Agreements (trusts, charitable gift annuities) – You can make an irrevocable gift and receive income payments similar to a gift annuity. The difference is that a charitable trust is a larger gift ($100,000 or more) and offers you more options.

• You can receive quarterly, semi-annual or annual payments.
• You name a professional trustee to manage the trust or you can name yourself as trustee.
• You can create a trust that allows you to make additional payments when you desire or have the financial need.
• You can create the trust to last for a period of years.
• You receive an income tax deduction for a portion of the value you make the gift in the year you make it.
• The asset you use to fund the trust is removed from your estate, saving you possible estate taxes.

Beneficiary of Life Insurance – You can donate either a paid-up policy or start a new policy. In both cases, designate the as the owner and beneficiary of the policy, or the Foundation can be named as a secondary beneficiary, after your spouse or your children. A paid-up policy gives you a tax deduction equal to the cash value of the policy. Donating a new policy allows you to deduct the full value of the annual premiums you pay. When you make San Joaquin Memorial High School the owner and beneficiary of the policy, it removes the life insurance from your estate, saving you possible estate taxes.

Real Estate – Donating real estate gives you an income tax deduction for the fair market value of your property.

• If you own your home, you can create a life estate. You’ll live in your home and enjoy full use of it while you are alive. Upon your death the San Joaquin Memorial assumes ownership of your home. You can claim a tax deduction in the year you create the life estate.
• If you own a piece of property that currently provides little to no income for you, create a charitable trust with the real estate as the primary asset. You avoid any capital gains on the real estate when it is eventually sold. You receive a tax deduction in the year you make the gift. You turn a former, low-income producing asset into an asset that provides you with sufficient income.

Donating real estate removes the asset from your estate, saving you possible estate taxes