The 1964 Society: Planned Giving
Honoring the founding year of Bishop McNamara High School, The 1964 Society allows generous benefactors to give with the greatest impact and in the easiest way - include Bishop McNamara High School in your will or estate plans through planned giving.
Did you know including Bishop McNamara in your will, trust, retirement plan, real estate, and insurance policies is a wonderful way to ensure that the school’s mission to educate hearts and minds in a dynamic, inclusive Catholic school community rooted in the Holy Cross tradition will be carried on well into the future?
Did you know that you can give through an IRA charitable rollover?
An IRA charitable rollover allows taxpayers to make tax-free charitable gifts directly from their Individual Retirement Accounts to eligible charities, including Bishop McNamara.
How an IRA Charitable Rollover Works:
- You would request your IRA plan administrator to transfer funds to Bishop McNamara.
- Your IRA administrator transfers funds directly to BMHS
- This "qualified charitable distribution" is excluded from your adjusted gross income.
Why we support the 1964 Society...
"I decided to include Bishop McNamara High School as a beneficiary in my estate planning for several reasons. I believe in the school's commitment to providing students with the best education possible in a nurturing environment that promotes leadership, academic excellence, and a Christ-centered life. My daughter was awarded a full 4-year academic scholarship at Bishop McNamara at a time when I was struggling financially. That scholarship enabled her to thrive both academically and socially at Bishop McNamara and led to a full academic scholarship at St. Mary's College and a successful career in Finance. I have always wanted to pay it forward to other deserving Bishop McNamara students by providing financial assistance to the school. Naming Bishop McNamara High School as one of the beneficiaries in my estate will set up a permanent scholarship fund in the future that will benefit other deserving students and their families."
"When Peggy and I began working on our wills and doing our estate planning, we wanted to provide as much as possible for our loved ones. Among those loved ones is Bishop McNamara High School. Bishop McNamara has been a source of life, light, and hope in our lives. We want to do our part to pay it forward to future generations of Mustangs. It is truly an honor to be a part of The 1964 Society at Bishop McNamara High School."
"Dianne and I, as well as our entire family, live by two, important themes: We believe in God and we believe that the more we receive, the more we need to give back. Our family has been immensely blessed in Prince George's County. We are humble and grateful for all that we have been able to achieve through our business ventures and community engagement. Also, over the years, we have seen firsthand what Bishop McNamara has done to help build the character of young men and women and positively transform their lives. We have witnessed our son, Trey, develop into an outstanding, family man as a proud 2004 graduate. And we have seen the genuine enthusiasm of the staff and how hard students work. Bishop McNamara is not just a school to us. It is a place that mirrors our values. It was an easy decision for us to make Bishop McNamara a part of our planned giving, and we will continue to do as much as we can for as long as we can in the future."
PLANNED GIVING
| GOAL | OPTION | BENEFIT |
|---|---|---|
| Make a quick and easy gift | Simply write a check now | An income tax deduction and immediate impact for Bishop McNamara |
| Secure a fixed income while avoiding market risks | Establish a charitable gift annuity | Tax benefits and often a higher rate of income from assets |
| Defer a gift until after your lifetime | Add a bequest to Bishop McNamara in your will | Estate tax deduction and you keep assets in your name during your lifetime |
| Maximize heirs’ inheritance while benefiting Bishop McNamara | Name Bishop McNamara as a beneficiary of your retirement plan, leave other assets to your family | Reduced estate and income tax |
| Avoid tax on capital gains | Give Appreciated stock or bond held over one year | Income tax deduction and avoidance of capital gains tax |
| Share your enjoyment of a collection or other personal items of value | Donate tangible personal property related to Bishop McNamara’s educational mission | A charitable deduction based on the full fair market value of the item(s) |
| Make a large gift with little cost | Give all or a percentage of your real estate to Bishop McNamara | An income tax deduction, plus elimination of capital gains tax |
The Cross & Anchor, and its motto, "Ave Crux Spes Unica" which means "Hail the Cross, our only hope."
We shall always place education side by side with instruction; the mind will not be cultivated at the expense of the heart. -Blessed Father Basil Moreau, Founder of the Congregation of Holy Cross
Next Step?
Contact
Ms. Sandy Mammano, Director of Donor Relations
(301)735-8401 ext. 295
Sandy.Mammano@bmhs.org