Ways to Give

Donor-Advised Funds have instructions for directing your gifts. Most gift requests are made online through your fund’s website. The information below will help you complete your request. Our CSCOE Advancement Office welcomes your questions. Please contact CSCOE Advancement Coordinator Connor Magee (402) 490-9723 or connormagee@cscoe-mn.org.

CSCOE’s Federal Tax ID Number: 47-3560859

Legal Name/Address:

Catholic Schools Center of Excellence
6600 France Avenue South, Suite 640
Minneapolis, MN 55435

Per IRS regulations, Donor-Advised Funds cannot be used to make pledge payments.

Giving from appreciated assets is often one of the smartest and most tax-efficient ways to provide a meaningful gift. Giving non-cash assets offers many benefits including:

• Eliminate capital gains tax. When you give appreciated stocks directly to CSCOE you may avoid paying capital gains tax—potentially saving up to 30% compared to selling the asset first and donating cash. Your specific tax savings will vary.
• Avoid the Medicare surtax. When you give securities, you can bypass the 3.8% Medicare surtax on investment income.
• Receive a charitable deduction. If you have owned the asset for over a year, you can deduct its fair market value.
• Reset your cost basis. Give appreciated stock shares and then repurchase the stock at today’s price to reduce future capital gains exposure.
• Preserve your cash flow. When you give securities instead of cash you retain liquidity for other financial needs.
• Advance CSCOE’s mission. Your gift supports a sustainable, “best-in-class” model for preschool-8th grade education.

How to Transfer Securities to CSCOE

Please include a note with your name to accompany the stock transfer. We will let you know as soon as Baird notifies us about the stock transfer. We will follow up with a thank you/tax receipt with your gift details.

Baird Wealth Management—The Jandric Antkowiak Group
30 E 7th Street, Suite 2450
St. Paul MN 55101
Attn: Lynn L. Kittelson, Sr. Client Specialist
lkittelson@rwbaird.com

(651) 365-2184 (work); (612) 719-8599 (cell)

Account Name: Catholic Schools Center of Excellence

Account Number: 83139957

DTC Participant #: 0547

When you make a gift through your IRA Qualified Charitable Distribution (QCD) you make an impact for our Catholic schools and lower your taxable income.

If you are age 70 ½ or older, you can give up to $100,000 directly from your IRA to CSCOE. You will not pay taxes on any distribution you make to CSCOE, and you will not receive an income tax deduction. When you give from your IRA, you reduce your taxable income even if you do not itemize deductions.

How to Make a Qualified Charitable Distribution

Contact your IRA plan administrator and request that a “qualified charitable distribution” be made from your account to “University of St. Thomas.” Give your plan administrator CSCOE’s tax ID and address:

CSCOE’s Federal Tax ID Number: 47-3560859

Legal Name/Address:

Catholic Schools Center of Excellence
6600 France Avenue South, Suite 640
Minneapolis, MN 55435

Keep Your Records

CSCOE will provide an acknowledgement that you can use to verify your contribution as a qualified charitable distribution and show that your gift qualifies as a tax-free distribution from your IRA. You cannot claim a separate income tax charitable deduction for your gift, however, the IRA withdrawal to CSCOE is tax-free because it is not included in your adjusted gross income.

QCD Eligibility Requirements

The distribution must be made from your IRA directly to CSCOE. It cannot be made payable to you.

You must be age 70 1/2 or older at the time the distribution is made.

The distribution must be made from an Individual Retirement Account (IRA), not from any other types of retirement plans, such as 401 (k) or 403 (b). It may be possible to make a tax-free transfer from those types of account to an IRA, from which a charitable rollover can be made. Ask your financial advisor for details.

Through your estate, you can make a more impactful gift, even transformational gift after your life than you may have ever dreamed. When you give through you a planned gift (bequest, beneficiary designation, charitable gift annuities or charitable remainder trust), you can make a gift that costs you nothing while you’re alive.

Estate Gift

The easiest way to make a legacy gift to CSCOE is in your personal will or trust. Here is some sample legal language to use:

“I give and bequeath the sum of [XXXX] dollars to Catholic Schools Center of Excellence, 6600 France Avenue South, Suite 640, Minneapolis MN 55435.”

Or

“I give, devise, and bequeath (description of asset) to Catholic Schools Center of Excellence, 6600 France Avenue South, Suite 640, Minneapolis MN 55435.”

Name CSCOE as an IRA beneficiary

By giving your retirement plan to CSCOE, your estate will receive a 100 percent charitable deduction and will avoid income taxes on those assets. By comparison, if you left your retirement plan to children or grandchildren, those assets could result in substantial income taxes.

Charitable Gift Annuities

Enjoy a steady income for life and support CSCOE’s mission. A charitable gift annuity makes fixed annual payments based on your gift amount, while helping to sustain CSCOE’s mission and create a lasting impact.

Charitable Remainder Trust

Consider investing in CSCOE and turn your assets into lifelong income simultaneously. A charitable remainder unitrust makes annual payments to you or your loved ones and supports CSCOE after the trust term ends.