A GIFT DURING MY LIFETIME
CASH DONATION
One of the easiest and most common ways for you to support O’Hara Catholic School is with a gift of cash. By making a cash gift by check, credit card or setting up a recurring automatic transfer from your bank account today, you enable O’Hara to meet our student and school needs and carry out our mission. You will have the opportunity to see your generosity in action and will also receive a federal income tax charitable deduction when you itemize on your taxes.
STOCKS, BONDS AND MUTUAL FUNDS
There are significant tax advantages to this type of gift. You will not pay capital gains on the transfer to O’Hara Catholic School and you will receive a tax receipt for the full value of the donated stocks, bonds, or mutual funds.
A DONOR-ADVISED FUND (DAF)
A donor-advised fund (DAF) is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. It allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.
IRA CHARITABLE ROLLOVER
Individuals aged 70½ and older can make distributions from $1 up to $100,000 a year to organizations like O’Hara Catholic School directly through their IRA at any time. Qualified gifts are tax-free and can count toward your required minimum distributions.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. - Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
We are grateful to our donors for the many ways they support us; we take seriously our contract with donors to be responsible stewards of their donations. With any planned gift, we recommend our donors meet with their tax and financial advisors prior to finalizing any gift.
Have you included a gift in your will or trust to O’Hara Catholic School? Please take a minute to fill out this form so we can thank you for your lasting commitment to our mission and ensure our records are updated!
Have a Question?
We would be happy to speak with you, with no obligation.
Michelle Meador
Director of Advancement
(541) 485-5291
mmeador@oharaschool.org
Federal tax ID number: 93-0599000