Charitable Gift Annuity

Estate and Planned Giving Charitable Gift Annuity

There's a way for you to support either Benedictine College Preparatory and/or Saint Gertrude High School and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.

If interested, it involves a simple contract between you and either Benedictine College Preparatory and/or Saint Gertrude High School where you agree to make a gift to Benedictine College Preparatory and/or Saint Gertrude High School and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

An example of how it works:

John and Mary treasure the financial help they have been able to give their children and Benedictine College Preparatory and Saint Gertrude High School over the years.

The couple recently updated their will to leave stocks and real estate to their kids. They left Benedictine College Preparatory and Saint Gertrude High School a $75,000 IRA (split 50% between both schools) to be transferred following their lifetime. Because Benedictine College Preparatory and Saint Gertrude High School are tax-exempt, all $75,000 will help support the two schools’ missions.

If John and Mary had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes-leaving only $57,000 for their family's use. John and Mary are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.

*Based on an assumption of a 24% marginal income tax bracket.

Next Steps:

Contact Director of Scholarship Giving
Kristina Pudner at 804.708.9581 or kpudner@benedictineschools.org.

Seek the advice of your financial or legal advisor.

List of 1 members.

Kristina Pudner

Director of Scholarship Giving

Legal Tax Information

If you include Benedictine College Preparatory and/or Saint Gertrude High School in your plans, please use the legal name (Benedictine Schools Educational Foundation) and federal tax ID number (45-3960058). Address is: 12829 River Road, Richmond, VA 23238

12829 River Road
Richmond, VA 23238
BCP Phone: (804) 708-9500
SGHS Phone: (804) 358-9114
Fax: (804) 784-5410
TAX ID: 27-0339456