The 2015 Annual Fund
Tuition alone does not cover Prep's full operating costs. The 2014-2015 Annual Fund represents a significant portion of each year's operating budget and we rely on the generosity of alumni, current and past parents, trustees and friends to support to the Jesuit mission of our school.
Annual Fund gifts have a direct impact on our students and faculty in an immediate way. Your contribution allows current programs to continue and new initiatives to begin. In addition, your gifts will provide the necessary resources to:
- Provide for scholarships that will ensure that Prep has a qualified and diverse student body.
- Recruit and retain the best teachers.
- Acquire state-of-the-art technological advancements.
Every Gift Counts
We need and value everyone's support in every way. Your gift, regardless of the amount, will provide additional resources and will often serve to encourage others to make gifts. Everyone who is solicited is asked to give generousl and an appropriate gift is one in proportion to your ability to give. Corporate matching gifts enable donors to increase the value of their gifts and provide a valuable source of revenue for the School.
Prep's fiscal year runs from July 1 to June 30.
Outright Gifts: Gifts of cash or securities provide Prep with much-needed financial assistance. Outright gifts have an immediate impact on the school because they can be used to support a variety of current needs.
Matching Gifts: Many corporations have demonstrated their support of Prep by matching their employees' gifts to the school, up to a specified amount. Before you make a gift, you may want to ask whether your employer (or your spouse's employer) participates in such a program. Certain restrictions apply to matching gifts; please consult your company's personnel office for further information.
Gifts of Real Estate: When you make a gift of property to Saint Peter's Prep, you may claim an income-tax charitable deduction based on the full market value of the gift, avoid capital gains taxes, and eliminate certain costs associated with the transfer of real property. Gifts of real estate can also provide you with long-term income.
Gifts in Kind: You may wish to give Saint Peter's a non-monetary gift. The Prep receives a wide variety of such gifts, including new or used computers, automobiles, office equipment and other items. To explore this option, please contact a member of the Prep Development Office.
Making a Planned Gift: Planned gifts are gift arrangements that have specific tax advantages and often include lifetime income to a beneficiary or beneficiaries named by the donor. Several Prep donors have utilized planned giving methods and are enjoying the benefits today, including capital gains tax savings, increased income, and income tax savings. A planned gift maximizes your giving potential and can even allow you to ensure your future financial security or that of a loved one. For further information about making a planned gift or bequest to Saint Peter's Prep, contact Jim Horan, '70 at 201-547-6428.
Appreciated Securities: PLEASE NOTE As of July 1, 2014 our brokerage and account has changed. Please send any gifts of appreciated securities to the information listed below. A gift of long-term appreciated marketable securities helps you save taxes twice. Such a gift will provide an income-tax charitable deduction and capital gains tax savings.
Instruct your broker to contact Prep’s broker to execute the transfer: Mr. Patrick Giblin, '93, UBS Financial Services, 109 North Avenue, Westfield, NJ
Account is WD09173 and our DTC Number is 0221. Prep's EIN is 22-1527060