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Gift Planning

Planned or deferred gifts are designed to help donors enhance their estate planning, tax planning, investment objectives and retirement needs while ensuring the future of the Academy of Notre Dame de Namur. Planned gifts to the Academy's Endowment enable the school to provide much-needed scholarships and financial aid and to furnish support for faculty enrichment. We invite you to consider establishing your own named Endowment Fund so that your wishes will be carried out exactly as you intend. Please contact Sally Orr, Assistant Director of Advancement, for further information on Gift Planning at 610-971-4919 or sorr@ndapa.org
 

Bequest

A bequest in your will is the most well-known and commonly-used way to direct a gift from your estate. You can leave Notre Dame a specific amount, a specific percentage of your full estate, or your entire estate. A residuary bequest means that you leave NDA the residue of your estate after all other specific bequests are made. A contingent bequest means that you make the gift dependent on certain events, such as your heirs predeceasing you. We can provide you with examples to share with your attorney.


Retirement Funds

Unlike most other assets in you estate, which are subject to only an estate tax, retirement assets, such as an IRA, defined contribution pension plan, 401(k), or profit sharing plan that are not left to your spouse or a charity, are subject to two taxes -- the estate tax and the income tax. In some cases this double taxation can exceed 80%. Instead of possibly more than 80% of your retirement funds going to the government, you can leave your retirement funds to Notre Dame and be assured that 100% of those funds will be put to good use supporting the Academy. This option requires only that you complete a "Change of Beneficiary Form" with your plan’s administrator and is typically very easy to accomplish.

Life Insurance

If a life insurance policy is no longer needed for its original purpose, you may name the Academy of Notre Dame as one of the beneficiaries or the sole beneficiary of your policy. You may also transfer ownership of a policy to Notre Dame. In the case of ownership transfer and/or sole beneficiary status, the policy’s face value is removed from your taxable estate. Also, future premiums paid on the policy by you can be treated as charitable gifts, and if the policy has a cash value, you can take an immediate tax deduction.

Charitable Gift Annuity

A charitable gift annuity is a simple contract between you and Academy of Notre Dame. In exchange for an irrevocable gift of cash or securities, Notre Dame agrees to pay you a fixed sum of money each year for life, usually not exceeding 6 percent of the gift's value. Gift annuities are created for gifts of $10,000 or more.

It is always advisable to consult your attorney or tax advisor when making a charitable donation.

For information on placing Notre Dame in your will or other planned gifts, please contact Sally Orr, Assistant Director of Advancement, at 610.971.4919 or sorr@ndapa.org.

Academy of Notre Dame de Namur     560 Sproul Road     Villanova, PA 19085     610 687 0650     Fax 610 687 1912     Contact Us     Site Map
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