The Loyola Society

One of the best ways to ensure Walsh Jesuit's future is to become a member of the Loyola Society. There are various vehicles by which you can include WJ in your estate plans. We recommend you talk to your attorney, financial advisor or tax consultant before you make any decisions.

BEQUESTS

Gifts by will are the most common planned gifts and are immensely important to the future of Walsh Jesuit High School. While there is no immediate tax advantage, such gifts to Walsh Jesuit can help reduce estate taxes. Unrestricted gifts are gifts that can be used where it is needed the most at that time. Restricted bequests carries donor specific instructions.

LIFE INCOME GIFTS

Life income gifts offer many advantages including paying your secure income for life, professional management of assets at no cost, and significant reduction of taxes. There are various ways to make life income gifts, listed below. In each of the scenarios, Walsh Jesuit would receive the remaining principal of the annuity or trust following the death of the donor.

Gift Annuities - Through the gift of cash or securities, you can purchase a gift annuity that will pay you a fixed amount of income for the rest of your life. Payments can begin immediately, or be timed to coincide with your retirement planning.

Unitrust - A unitrust provides a great deal of flexibility, providing you with an annual return of a stated percentage of the trusts assets. You can fund an unitrust with cash, securities or other property, such as real estate.

The principal may be invested in securities that pay tax exempt income, an attractive feature to donors in high tax brackets.

Annuity Trust - This trust provides you with a fixed dollar annual return. The principal advantage of the annuity trust is that it provides predictable income each year regardless of any fluctuations in the earnings portfolio.

LIFE INSURANCE

There are two different ways to help the school through a life insurance policy. The first method is to make a lifetime gift of an insurance policy to the school, which generates a charitable tax deduction for the year in which it is given if Walsh Jesuit High School is named owner and beneficiary of the policy. The deduction is roughly equal to the policy's cash surrender value. Subsequent premium payments are also deductible. The second method is simply to name the school a beneficiary of a new or existing policy. The school can be the lone beneficiary or one of several named in the policy.

REAL ESTATE

Rather than leaving Walsh Jesuit your home, or other real estate by will, it is possible to transfer title now, claim a sizable deduction from current income and continue to live in the property for the rest of your life. Real estate can also be used to fund a gift annuity or a unitrust, thus converting a highly-appreciated, non-income producing asset into a new income flow with many favorable tax savings and other benefits.

Please call our office to learn more about how you can help ensure the future of Walsh Jesuit.
330.929.4205 ext. 108