Support SBA

Planned Giving

Interested in learning more about making provisions for St. Bernard Academy in your financial and estate planning? It is through these legacy gifts that St. Bernard will remain strong into the future.

What are planned gifts?
Planned gifts include provisions for St. Bernard Academy in wills and life insurance policies and other types of gifts which allow donors to retain the use of, or income from, their gifts for a specified time, usually the donor's lifetime. These planned gifts may also provide you and your heirs with significant income tax and/or estate tax deductions. We appreciate all alumni, parents, and friends who care about St. Bernard Academy to do something tangible to secure our school's future.

Why make a planned gift?
As the cost of providing quality Catholic education continues to rise, the need for funds derived from planned giving becomes more important. Your commitment to St. Bernard Academy during your lifetime will enable this school to plan now for future needs, while insuring excellent education for generations to come.
Planned gifts enable St. Bernard Academy to plan its programs, activities, curriculum and physical plant into the future – while keeping tuition as low as reasonably possible. Planned gifts allow you to make a statement of support that will become your lasting legacy.

Examples of Planned Giving

List of 5 items.

  • Bequest

    A bequest is a gift to St. Bernard Academy by will. This is a simple and popular method for remembering the school in perpetuity. You may specify that St. Bernard Academy is to receive a certain dollar amount, a specific percentage of the estate, or a certain asset. If you already have a valid, up-to-date will, your attorney can add SBA as a beneficiary through a simple amendment to your will called a codicil. Bequests of all sizes are encouraged. Please use the following wording when naming St. Bernard in your will: “…for the exclusive use of St. Bernard Academy.”
  • Charitable Gift Annuity

    A charitable gift annuity provides you with fixed income for life in exchange for your charitable gift to St. Bernard. If you are at least 40 years of age, a gift of $5,000 or more in cash, stock, or other liquid assets can be used to fund a gift annuity. The rates of return from St. Bernard’s charitable gift annuity are generally higher than those available from CD’s and passbook savings accounts depending upon your age at the time of your gift. The older you are, the higher the rate of return. Your income payments are distributed to you on a quarterly or other periodic basis. You can start receiving the income immediately or defer it until you retire. Through a charitable gift annuity you can: (1) receive fixed, regular payments; (2) increase your income; (3) take an immediate tax deduction; (4) save taxes on future income; and (5) avoid some capital gains taxes.
  • Charitable Lead Trust

    The charitable lead trust is a good vehicle for providing income to St. Bernard for a set number of years, with the assets in the trust ultimately passing on to your children or grandchildren. Primarily created by those in the higher estate tax brackets, the trust can pass its assets on to younger generations with little or no estate or gift tax payable.
  • Charitable Remainder Trust

    The “unitrust” and “annuity trust” generally work like this: you and your attorney create an irrevocable trust agreement, naming a bank to serve as trustee. You transfer cash, securities, or other property (generally valued at $100,000 or more) to the trustee. The trustee pays income to you and/or your other designated beneficiaries for life. Thereafter, the trust is distributed to St. Bernard for the particular purpose you originally specified. The income and estate tax advantages can be significant, and may include the avoidance of capital gains taxes. This trust is an especially good vehicle for those who own stock with a low cost basis.
  • Life Insurance

    Life insurance is another way to make a planned gift to St. Bernard. You can purchase a new life insurance policy or contribute all or part of a current policy which you currently own, but no longer need. When St. Bernard Academy is named as the owner and beneficiary of a policy your annual premium payments will be tax deductible. If you give an existing policy, you are generally able to deduct an amount approximately equal to the current cash value of the policy. The bottom line is that for a few hundred dollars of premiums a year, you can provide for a $25,000, $50,000 or $100,000 future endowment for St. Bernard.

Make a Planned Gift to SBA

All you need to do is inform the Advancement Office in writing that you have named St. Bernard Academy as a beneficiary in your financial or estate plans. Gifts of all types and sizes, large and small, are encouraged. 

Those members who have given their permission for us to list their names will be recognized in the St. Bernard Annual Report, thereby allowing other members of the St. Bernard community to acknowledge their support and perhaps to encourage others to follow. 

We ask you to share our desires for St. Bernard Academy by making a planned gift to the school. Like other financial decisions, a planned gift must be chosen and shaped with care. St. Bernard welcomes the opportunity to discuss ways to include the school in your financial and estate plans. Call the SBA Advancement Office, 615-385-0440 ext.220, for additional information.