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Planned Giving


Planned Giving
There are almost as many ways and plans for giving as there are Villa needs to be met.
Consider just a few of the listed popular planned gift options taking into consideration your
personal circumstances and the needs of your heirs.



The Saint Alfonso Maria Fusco Society
The Saint Alfonso Maria Fusco Society recognizes the generosity of St. John Villa Academy alumni, parents, grandparents and friends who have chosen to remember the Academy in their estate plans through a will, a trust or other planned gift arrangements. You can become a member of the Saint Alfonso Maria Fusco Society by including Villa in your estate plans and advising the Academy of your thoughtful commitment.

A planned gift is any current or deferred charitable gift that is designed, usually with professional advice, to optimize a donor's financial, tax and estate plans while helping to guarantee the long-term financial security of one or more charitable institutions. Planned gifts provide the resources that create extraordinary opportunities and preserve our future.

Throughout its history, St. John Villa Academy has been the beneficiary of numerous bequests. Many alumni who were not in a position to make capital gifts during their lifetimes, have been able to help Villa in a significant way through one of the many planned giving options described below. Options range from naming the Academy as a beneficiary in your will to more complex trust arrangements.

A brief description of some of the ways to plan a gift to St. John Villa Academy is listed below. As always, you should consult with legal and financial professionals for the method that best suits your needs. Once you have made the decision to include Villa in your estate plans, please contact Gina Ferreri ‘99, Director of Development and Alumni Relations, at 718-447-4150 ext. 130 so that we may include you in The Saint Alfonso Maria Fusco Society.

Bequests
Bequests to St. John Villa Academy may be made in a number of ways, including:
• a specific bequest of a dollar amount which is exempt from estate taxes;
• a residuary bequest of all or a portion of a donor's estate after the payment of specific amounts to other beneficiaries; and
• a testamentary trust, the principal of which is paid to St. John Villa Academy upon the death of beneficiaries of the trust income.

Life Insurance
Donors might consider assigning their present paid up life insurance policy to St. John Villa Academy. You may also designate the Academy as the beneficiary of the policy, retaining the right to change the beneficiary at any time.

Charitable Lead Trust
This type of trust is an arrangement in which the donor transfers assets to an independent trustee for at least 10 years. During this time St. John Villa Academy would receive the income from the trust. Upon termination of the trust, the principal reverts to the donor or named beneficiaries. Trusts may be funded with cash, securities or other assets.

Gifts Of Real Estate And Other Personal Property
Gifts of appreciated real estate or tangible personal property offer additional ways to support Villa. A variety of options is available to donors interested in making a gift of real estate or other personal property. Such plans can offer tax advantages to the donor and some provide for lifetime occupancy rights or income. St. John Villa Academy must determine if gifts of real estate or personal property are appropriate for the Academy prior to accepting them.

IRAs
Naming Villa as a beneficiary of your retirement account can be a wise way to avoid significant estate taxes. Qualified Retirement Plans may be the most tax-burdened assets you own. If you die before you have taken all of your distributions from your IRA, 401(k), or other qualified plan, the balance remaining in your plan can be subject to multiple taxes that may claim up to 75% of its value for those in higher estate tax brackets.

Charitable Remainder Unitrust
This type of separately managed trust may be established with a minimum contribution of $100,000 when the trust is created, at which time the donor selects a fixed percentage (not less than 5%) of the fair market value to be received annually as income from the trust. The percentage received each year does not vary, but the actual income may vary depending on the fair market value of the trust's assets. The donor is entitled to a charitable deduction at the time the trust is created; no capital gains tax is imposed on the donation of appreciated securities and the gift reduces the size of the taxable estate.

As always, you should consult with legal and financial professionals for the method that best suits your needs.

Once you have made the decision to include Villa in your estate plans, please contact Gina Ferreri ‘99, Director of Development and Alumni Relations, at 718-447-4150 ext. 130 so that we may include you in The Saint Alfonso Maria Fusco Society.