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Completing the
Dream Hits $987 K!
Thank
you to our families, alumni and friends who have
helped us raise close to $1 million
since February 18, 2009. In this season of
generosity and giving, please help St. Francis
raise the remaining dollars for our
project. Making a pledge can be more
affordable than one may think at first
glance: A $5,000 pledge comes out to
almost $20 a week over 5 years A
$10,000 pledge comes out to almost $40 a week over
5 years Here is a guide to assist
families in determining how they may help St.
Francis High School:
|
Pledge
Amount |
Monthly Giving
(over 5
years) |
Weekly Giving
(over 5
years) |
Monthly Giving
(over 3
years) |
Weekly Giving
(over 3
years) |
|
$50,000 |
$833.33 |
$192.31 |
$1,388.88 |
$320.50 |
|
$25,000 |
$416.67 |
$96.15 |
$694.44 |
$160.26 |
|
$10,000 |
$166.67 |
$38.46 |
$277.78 |
$64.10 |
|
$5,000 |
$83.33 |
$19.23 |
$138.89 |
$32.05 |
|
$2,500 |
$41.67 |
$9.62 |
$69.44 |
$16.03 |
|
$1,000 |
$16.67 |
$3.85 |
$27.78 |
$6.41 | | |
Campaign
Financial Update
Total Pledged:
$987,334.42
Total Collected on Pledges:
$527,827.78
Number of Gifts Received:
507
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| It's Time to Think
About
Year-end
Giving!
Deductions for
charitable contributions can play a role in year
end tax planning. Over the past couple of
years there have been changes to the tax laws
which require stricter substantiation of
contributions and/or allow for a more beneficial
treatment of transfers to charitable
organizations.
If you expect to be in
a lower or at least no higher tax bracket next
year, consider moving charitable donations you
normally would make in early 2010 to the end of
2009. If you're temporarily short on cash, charge
the contribution to a credit card-it is deductible
in the year charged, not when payment is made on
the card.
Make Your Gift
Today!
Please return your Letter of
Intent with your investment in the Completing the
Dream capital campaign. If everyone helps in the
most generous way they can, we will be successful
in reaching our goal. The Letter of Intent not
only communicates your financial support of the
campaign, it also serves as collateral to assist
in securing bridge financing during
construction.
If you need another
copy of the Letter of Intent or would like to make
your gift online,
go to www.sfhs.org to obtain
the materials you need. We appreciate your
generosity!
Should you have any
questions regarding construction, the building or
the campaign, please contact Tom Bednar, President
of St. Francis High School at
630-668-5800x102.
Make A
Gift for the Future
Throughout life most
of us are inundated with financial obligations,
goals, and the need to save for a secure future.
However, there is one part of financial management
that often is neglected - estate planning.
Approximately 65% of Americans die without a will.
This means a loss of control over the distribution
of assets and often a delay and significant costs
associated with the probate process.
A will is an important document that
lets you determine the distribution of your
estate. It also offers a variety of creative ways
for you to leave a legacy, including helping
St. Francis High School. In preparing your
will, you should first provide for your family's
needs. Then you may choose to bequeath to
St. Francis High School a certain dollar amount,
specific property, a percentage of your estate, or
whatever is left after your loved ones have been
taken care of.
If you already have a
will, your attorney may be able to add a simple
amendment (codicil) to provide a gift using
language similar to this:
GENERAL BEQUEST:
I hereby give
and bequeath the sum of $_______ to St. Francis High
School.
RESIDUE BEQUEST:
I devise
and bequeath ___% of the residue of my estate to
St.FrancisHigh School.
Planned giving
not only benefits the School - many forms provide
substantial tax benefits to the giver. In
addition to your will, there are many ways to
contribute to St. Francis
including:
Giving a sizable gift at a
small cost
(Life Insurance
Gifts)
Giving gifts that pay an
income
(Charitable Remainder
Trusts)
Giving a gift
temporarily
(Charitable Lead Trusts)
Giving a home, but continue to live there
(Life
Estate Arrangement)
Giving a gift
that pays a steady income
(Lifetime
Giving) | |
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Consult with your tax and other financial
planning professionals to craft a personal giving
plan appropriate for you. Once you have
determined your giving options, decide how to
inform family and friends of your
intentions. You may arrange a time to
personally share your wishes for St. Francis High
School by calling Tom Bednar, President, at
630-668-5800
x102. |
|
Sincerely,
Thomas Bednar
St. Francis High School
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