Ways to Support SLS
HOW YOU CAN HELP
Special Purpose Entity
We are pleased to announce an opportunity to redirect your personal Pennsylvania state tax dollars to scholarships for students at Seton LaSalle Catholic High School! Now, individuals who pay $3,500 or more in state taxes annually can realize the same benefit through the Special Purpose Entity (SPE) program. Every year we have families who struggle to pay their tuition. Your contribution will help provide a Catholic education to a very deserving student. The process is very simple.
For more information about either program, please contact Lisa Osterhaus, President, at [email protected] or (412) 561-3583 ext. 1009.
When making your gift, check with your benefits manager or Human Resources office and request a matching gift form. Send the form along with your donation to SLS, and we will complete our section and do any follow-up with your company. It’s that easy!
Donating IRA Assets
A new provision allows retirees age 70½ and older to donate up to $100,000 tax-free from their IRA each year. Generally, when you take a distribution from your IRA, it is treated as taxable income. Under this provision, made permanent in the 2015 federal spending and tax package, those assets are excluded from income if the distribution is made directly to a charity.
For more information, click HERE.
Another easy way to support SLS is with a Retirement Plan Gift. Retirement plan assets may be taxed at extremely high rates, upwards of 50%. Therefore, it makes more sense to pass assets along to heirs that are taxed at lower rates and donate retirement plan assets to SLS. Simply name SLS as the beneficiary of your 401k, 403 (b) or IRA.
A gift of real estate is a unique way to support our school while achieving a possible avoidance of capital gains tax and receiving a charitable income tax deduction. Also, the value of real estate is taken out of your taxable estate. Real estate can be given to SLS through different means including bequeathing the property, giving the property outright, transferring the property into a charitable remainder trust, or establishing a retained life estate. A retained life estate is established when you give your residence or vacation property to SLS but reserve the use of the property for your life and/or the life of another beneficiary.
Memorial gift: Please keep SLS in mind when you want to establish a memorial gift.
Any investment in Seton LaSalle Catholic High School becomes a long-term investment. Gifts directly benefit our young people while they are here and help form the spiritual foundation of our Catholic faith that will follow them throughout life.
To learn more about any of the above ways to donate, please contact Lisa Osterhaus, President at (412) 561-3583 ext. 1009 or email [email protected].
Gift of Securities