Are campaign gifts tax deductible?
As a qualified 501(c)(3) non-profit organization, campaign gifts to O’Hara Catholic School are tax deductible. Donors with specific questions regarding tax deductibility should contact their professional tax advisors.
What tax advantages exist for making a gift to the campaign?
While cash gifts are deductible for those who qualify, two popular gift options can also provide donors with tax advantages:
● Gifts of highly appreciated securities (stock) may provide donors with additional tax savings by avoiding capital gains tax and qualifying for a charitable tax deduction.
● An individual age 70½ or older can transfer up to $100,000 from their IRA to the campaign and satisfy the required minimum annual distribution – without paying any taxes on the withdrawal.
How can I participate? Can I pledge over time?
Since our needs are urgent, donors are asked to complete their pledges within a three-year pledge
period. The school will not take on any long-term debt to fund projects.
Are there other ways I can contribute?
Yes! Please click here to learn more about other ways to give to our campaign.
At O'Hara, we pride ourselves in community, building strong relationships, and seeking inspiration from the Lord to face difficult situations with grace and wisdom. Please consider how you can make a difference in this historic campaign to strengthen the O'Hara Catholic experience for children today and tomorrow.