To mail a pledge payment or donation, please send your check made payable to Carondelet High School:
Carondelet High School
Development Office
1133 Winton Drive
Concord, CA 94518
To make a donation by phone, please contact the Development Office at (925) 686-5353 x194.
Did you know that you can make a significant impact by donating stock and also receive greater tax benefits?
A gift of appreciated stock can help you in two ways:
- You receive a charitable income tax deduction for the full fair market value of the securities.
- At the same time, you may avoid capital gains taxes on appreciated stock.
How to make a stock gift
DTC or Electronic Transfer Instructions
DTC or Electronic transfer is the fastest and most secure method for donating securities.
It is a two-step process:
1- Please notify Carondelet High School with your intention to donate securities prior to initiating the transfer of securities to the Carondelet High School
2- Prior notification is critical to identifying your gift of securities, as donor information does NOT transmit through the DTC system.
Broker Instructions to deliver securities to our brokerage account:
Deliver to: Merrill Lynch, Pierce, Fenner & Smith Incorporated
DTC: 8862
Account Number: 5AX-03997
Account Name: Carondelet High School
Reference: {Donor Name-Year} or {Anonymous}
Management Phone: 212-236-9196
Mutual Fund Instructions - Please contact us at Onlinebrokerage@firstrepublic.com
The following information is required:
Account Number
Share Quantity
Symbol
Donor Name and Year or Anonymous
Financial Institution
After making your gift
Once you have instructed your broker to make the transfer, please contact Lynne Kenny ’86, Director of Philanthropy, at 925.686.5353 x194 or lkenny@carondeleths.org to inform the school of the name of the stock, number of shares, and how you wish to be recognized.
Your broker will be able to provide a value for tax-deduction purposes. Carondelet will value your donation at the median sales price on the day the gift is given.
Make stock gifts while reducing tax obligations. Mike Barry, a Carondelet trustee and parent of two alumnae, explains how. (video here)
What is a donor-advised fund (DAF)?
A donor-advised fund (DAF) is a philanthropic financial vehicle by which donors contribute money to an investment fund managed by a sponsoring organization. Donors can contribute cash and a wide range of non-cash assets, including stocks, shares of mutual funds, publicly traded securities, private assets, and crypto.
Donors can then recommend grants be made to charities of their choice using money from the fund. Although “recommend” is the industry term for this process, it’s helpful to note that sponsoring organizations rarely decline a donor’s grant wishes.
How do DAFs work?
The first step in setting up a donor-advised fund is deciding where to open it. Examples of places where a fund could be opened include foundations affiliated with financial institutions, or community and public foundations.
To open a donor-advised fund, a donor typically has to make a minimum contribution outlined by the foundation. The DAF’s sponsoring organization then actively manages and invests the funds, providing tax-free growth.
The donor receives an immediate tax deduction upon contributing to the fund. Later, when the donor decides to donate using the fund, they’ll recommend a charity to the sponsoring organization, which will then disburse the gift as a grant.
There are no limits to the contributions and grants that donors can make, and they can even set up recurring grants.
The donor names the fund and its advisers. A fund can also be opened by joint donors.
Qualified Charitable Distributions (QCDs)
Individual retirement arrangement (IRA) owners age 70½ or over can transfer up to $100,000 to a charity tax-free each year.
These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. And, for those who are at least 73 years old, QCDs count toward the IRA owner’s required minimum distribution (RMD) for the year.
How to set up a QCD
Any IRA owner who wishes to make a QCD should contact their IRA trustee soon so the trustee will have time to complete the transaction before the end of the year.
Normally, distributions from a traditional IRA are taxable when received. With a QCD, however, these distributions become tax-free as long as they’re paid directly from the IRA to Carondelet.
QCDs must be made directly by the trustee of the IRA to the charity. An IRA distribution, such as an electronic payment made directly to the IRA owner, does not count as a QCD. Likewise, a check made payable to the IRA owner is not a QCD.
Each year, an IRA owner age 70½ or over when the distribution is made can exclude from gross income up to $105,000 of these QCDs. For a married couple, if both spouses are age 70½ or over when the distributions are made and both have IRAs, each spouse can exclude up to $105,000 for a total of up to $210,000 per year.
The QCD option is available regardless of whether an eligible IRA owner itemizes deductions on Schedule A. Transferred amounts are not taxable, and no deduction is available for the transfer.
Many employers sponsor matching gift programs and will match any charitable contributions or volunteer hours made by their employees.
Explore how you can include us in your estate plans and benefit from becoming a member of the Fontbonne Society.
Make the gift of a lifetime.
There are many creative ways to support Carondelet that cost you nothing right now. Whether you are interested in a simple gift through your retirement or life insurance plan, a traditional bequest through your will or trust, or perhaps a gift that pays you back, like a charitable gift annuity—there are many ways to make a legacy gift.
Fontbonne Society
When the Sisters of St. Joseph founded Carondelet in 1965, they understood that their initial investment in community, innovation, and pursuit of excellence for young women would reap outsized impact for years to come. Today we celebrate their philanthropic vision through the Fontbonne Society, a special group of Carondelet donors whose planned gifts will advance that vision exponentially.
Benefits include:
- Special recognition at events and in Carondelet publications
- Special communications throughout the year
- Invitations to exclusive events just for members
Bequests: A Gift Through Your Will
After providing for loved ones, you can direct that a portion of your estate be devoted to charitable interests. There is no limit to the amount of charitable gifts that are deductible for gift and estate tax purposes. You can leave a specific dollar amount or specific property, a percentage of your estate, or what’s left of your estate after other bequests and taxes are satisfied. Estate planning documents should be prepared in consultation with your attorney and with Carondelet.
Sample bequest language:
I hereby give to Carondelet High School the following described property: __________, to be used to advance the institution’s mission.
► Additional Bequest Information
Charitable Remainder Trust (CRT)
A Charitable Remainder Trust is a tax-exempt trust that can pay income for life to you or a family member, with the remainder going to Carondelet. Since a CRT is tax-exempt, it is most often used by donors wishing to donate a highly-appreciated asset. A CRT can sell the asset free of capital gains tax, allowing you to earn income from the full sales proceeds. In addition, funding the CRT will generate an income tax deduction for the present value of the gift to Carondelet.
There are two types of CRTs:
Annuity Trust: Pays a fixed dollar amount determined on the first day of the trust.
Unitrust: Pays the income beneficiary a fixed percentage of the trust’s value as determined each year.
Life Insurance
A life insurance policy that is no longer needed for its intended purpose can become an excellent charitable gift. Directors of a company often are offered a life insurance policy as a component of their compensation, and charitable organizations are made the beneficiary. In addition to providing income tax savings today, gifts of all or a portion of the value of the life insurance can result in estate tax savings.
Retirement Plan Assets
If you are over 70.5 years of age, you now can distribute up to $100,000 per year directly from your IRA to a charity without any tax consequences.
In addition, you can name Carondelet as the beneficiary of your retirement plan account, either through the plan directly or through a bequest in your will. Retirement plan assets are ideal to fund a charitable gift at death, as such a gift avoids both estate and income taxes that can reduce the final value of the retirement plan.
A pledge is a formal statement of intention to make a gift over a defined period of time, with a payment schedule that works for you. Carondelet typically does not accept pledges that last for more than 5 years.
To make your pledge, please contact Summer Staino or Lynne Kenny ’86.