Annual Fund - Supporting the Notre Dame Difference.
Special Year-End Announcements from the Advancement Office
We are very excited to bring you some very beneficial tax advantages. The Protecting Americans from Tax Hikes Act of 2015 has a provision allowing you to donate tax-free up to $100,000 per year from your IRA to Notre Dame College Prep. This provision allows donors to transfer money from their IRAs directly to NDCP, without having to recognize the transfer as taxable income. This is called the IRA Charitable Rollover. CLICK HERE for answers to important questions surrounding the IRA Charitable Rollover.
The Annual Fund is the most critical piece of Notre Dame’s fundraising program. These unrestricted gifts allow the institution to be flexible and responsive to the rapidly-changing landscape of secondary education. By using these funds to meet the basic needs of the school, the community can look beyond the basics to find the next exciting new program for your boys.
In September every member of the NDCP Community is asked to support the fund that makes the difference for Dons!
Matching Gifts - Double or triple your gift to NDCP!
Does your employer or your spouse’s employer match your charitable donations? Many companies offer this benefit to employees with a 1:1 or 2:1 match. During the past 2 years matching gifts to NDCP have amounted to almost $65,000! Matching gift dollars will not count towards an additional tax deduction but it will help you qualify for an annual giving society. Contact your Human Resources Department today and ask if they match. Need assistance with applications and determining eligibility? Contact: Monica Peterson at 847.779.8610.
Click here to see a list of companies that provide Matching Gifts.
Giving appreciated stock is a wonderful way to receive tax benefits on such gifts and support the school.
A donation to NDCP as a qualified charity may be deducted on your federal income tax return as an itemized deduction. The tax planning benefits of donating appreciated shares of stock or a fund include deducting the amount of the charitable donation AND avoiding the unrealized gains on the appreciated shares. This is because of the general rule that the deduction for property donated to charity is equal to the fair market value of the donated property. Where the donated property is "capital gain" property, the donor does not recognize the gain on the donated property. These rules create a "double play" of tax benefits: A charitable deduction AND avoiding tax on the unrealized capital gains of the donated property.
If you authorize a stock transfer please contact Monica Peterson at 847-779-8610 to make sure that you are identified as the donor and credited for your generosity.