The Need: $25 million by 2020
The Reason: To provide accessibility for families with a demonstrated need.
Accessibility. It’s something facing Catholic education institutions across the country and Trinity is no exception. That’s why growth of the endowment for tuition assistance is so critical. We need you to help us ensure that Trinity remains a viable option for all who want to enjoy the educational experience Trinity has to offer.
The Trinity High School Foundation board has established a goal of raising $25 million by 2020. Like those before us, we need the support of the Trinity family to make those dreams a reality for the young men who want to become part of this special place.
Planned gifts make up a portion of the Endowment. Planned giving is a voluntary gift of any kind (assets) in any amount for any purpose. These gifts can be current or deferred, and others can help to complete the gift. Planned giving can also help eliminate or minimize taxes.
Assets to Consider:
- Life Insurance – The Trinity High School Foundation may be named as a beneficiary of a policy or part of a policy at any time. The Trinity High School Foundation must be irrevocably named beneficiary and assigned ownership of the policy to qualify the donor for an income tax deduction.
- Retirement Plans/IRAs – The Trinity High School Foundation can be named as a beneficiary at the time of death.
- Appreciated Securities – Even in today’s market you can use this asset to make a gift and avoid capital gains if you have a low cost basis.
Planned Giving Options:
- Wills and Bequests – A last will and testament is a legal document whereby an individual who owns property of any sort exercises his or her right to determine the ultimate disposition of that property. A bequest is a specific provision whereby the Trinity High School Foundation is designated to receive the property that the person making the will transfers at death. The bequest program is the foundation of a good planned giving program. Anybody can have a will written; it is one of the simplest, cleanest, easiest forms of a planned giving instrument.
- Charitable Remainder Trusts – Your gift is invested to produce income for you for life, with remainder given to the Trinity High School Foundation upon your death.
- Bargain Sale – A donor makes a gift by selling an asset to the Trinity High School Foundation for a price less than its fair market value.
- Legal Language – The following is suggested language to consider when making a bequest in your will to the Trinity High School Foundation:
I, (your full name), of (city, state) bequeath to the Trinity High School Foundation, located in Louisville, Kentucky, the sum of $_______________ for the following purpose: (general endowment or specific scholarship).
I, (your full name), of (city, state) bequeath all the rest of my estate (or percent of the remainder of my estate _____%) to the Trinity High School Foundation, located in Louisville, Kentucky, for the following purpose: (general endowment or specific scholarship).
For more information on ways your generosity can benefit Trinity High School, contact:
Trinity High School Foundation
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