You may leave a legacy at Althoff Catholic High School by naming the school in your will or trust. Naming Althoff High School as a beneficiary of your retirement plan, life insurance policy or commercial annuity is simple and you retain the right to change or amend the beneficiary designation. Donating these assets is an excellent tax-planning strategy since distributions to Althoff Catholic High School are not subject to income and estate classes. Distributions made through beneficiary designations are not subject to probate. It is also possible to designate Althoff Catholic as a beneficiary on bank and brokerage accounts through a transfer on death designation.
You may designate a specific dollar amount, a percentage of the estate, or a specific asset. Giving through your Will or Trust enables you to specify the purpose of your gift, add to an already established scholarship, and can reduce your estate taxes by generating a charitable tax deduction.
You may transfer ownership of a paid-up life insurance policy (one on which you no longer are required to make premium payments) as an irrevocable gift to Althoff Catholic High School.
Help ensure the future of Althoff Catholic High School by leaving a bequest to ACHS from your estate. We recommend contacting your own financial advisor or attorney regarding the best language to utilize. Below are two options that may be useful. If you have made such a provision, please advise us so you can be included in our Heritage Society. Contact Office of Advancement, at firstname.lastname@example.org or 618-235-1100 ext. 110.
Unrestricted Use And Purpose
"I, [name], of [city, state, ZIP], give, devise and bequeath to Althoff Catholic High School, 5401 West Main Street, Belleville, Illinois [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
Restricted Use And Purpose
"I, [name], of [city, state, ZIP], give, devise and bequeath Althoff Catholic HighSchool, 5401 West Main Street, Belleville, Illinois [written amount or percentage of the estate or description of property] for [scholarship name or another specific purpose]."