There's more than one way to contribute to IHS...
Gifts of Cash and Check
A large portion of our contributions are in the form of cash/check donations, allowing our donors to receive full tax benefits. Pledge commitments to the annual giving campaign can be paid throughout the campaign. Please make your checks payable to "Immaculate High School Annual Giving Campaign" and send them directly to the Business Office, 73 Southern Boulevard, Danbury, CT 06810 or call (203)744-1510 ext. 135.
You may also make your donation online. We graciously accept any donation made by Visa, MasterCard and Discover Card. Our school fiscal year is July 1st through June 30th. Donations are tax deductable - Immaculate High School is a 501 (3)(c).
In order to help us address the growing needs in all areas of the school, future pledges are greatly accepted. If you would like to make a commitment of a three to five year pledge, please contact the Business Office.
You may find that you can give more to IHS at less cost to you by contributing gifts of stock and bonds that are worth more now than when you bought them. A gift of appreciated securities, with publicly traded stock or from a private company, may provide greater tax advantages than gifts of cash. The donor can deduct the current fair market value as a charitable gift and completely avoid capital gains tax on the appreciation.
Employer Matching Gifts
Many companies have come to recognize the value of educational excellence and have agreed to multiply donations made to the school by their employees. A listing of companies that have matching gift programs can be found here. If you do not see your company on the list, please ask your employer if they have such a program and, if so, obtain the proper forms from your human resource department and forward the information to Sue Nolan, Accounting Manager, in our Business Office. Sue is available to answer any questions - she may be contacted at 744-1510 ext. 135 or via e-mail. The donor receives credit for both the original gift and the amount of the match. Also when you're talking to your employer about the matching gifts program ask them if a foundation exists within your company which would permit Immaculate to apply.
United Way gifts made through payroll deductions can be specifically allocated to Immaculate High School.
In many instances, capital gains tax can be avoided by donating land to the school. You will receive a tax deduction based on the fair market value at the time of the transfer.
Gifts made through wills can be a major source of support that can help ensure the future of IHS. If you include a bequest to IHS in your will, you will have the satisfaction of knowing that you are helping provide an Immaculate High School education to generations of students in the future. You may also reduce or eliminate Federal estate taxes, and you may decrease state inheritance or estate taxes as well.
If you have had a life insurance policy for many years, the protection the insurance policy offered earlier may no longer be needed. If you donate the policy to IHS, you can take a tax deduction for the present value of the policy this year, and IHS will eventually receive the proceeds. In this way you will be able to make a surprisingly large contribution to the endowment fund and your premium payments qualify as charitable contributions.
Charitable Remainder Trust
If you are living comfortably but can't give away capital because you need all your income for current expenses, you may create a charitable remainder trust under which you will receive a fixed dollar amount or a fixed percentage of the trust assets each year for the rest of your life, with the remaining assets held in the trust passing to IHS at the time of your death.
Charitable Lead Trust
If you are not pressed for current income and would like to reduce the "bite" that estate taxes will take from your estate, a "charitable lead trust" will pay a fixed dollar amount or a fixed percentage of the trust assets to IHS each year for the remainder of your life or for a predetermined number of years, with the principal of the trust passing to your heirs after the School's interest in the trust has terminated. Gifts to IHS not only strengthen the school but may offer great tax advantages.
Please contact Accounting Manager Sue Nolan in the Immaculate High School Business Office via phone at 203-744-1510 Ext. 135 or via e-mail.