Planned Giving

Our Journey Starts With You

Generosity comes in many forms, and it’s often the best way for you to support important causes that matter the most to you in your life. When you give to McQuaid Jesuit, you help us make a difference.

McQuaid has a rich history of dedicated supporters including the school in their estate plans. Through the planned support of our alumni and friends, McQuaid can continue making a quality private school education accessible to all academically qualified students, helping to ensure that generations of young men will have the opportunity to enjoy the benefits of a Jesuit education.

A “planned gift” or “legacy gift” – whether in the form of a bequest, insurance policy, or other method – advances the McQuaid mission and ensures a bright future for the school. These strategic gifts enable you to support McQuaid Jesuit, secures the financial needs of your loved ones, and provides you with tax benefits.  

By including McQuaid Jesuit into your will or trust, naming the school as a beneficiary of all or part of a life insurance policy or retirement assets, or taking advantage of other giving opportunities, you can preserve your assets now and support McQuaid Jesuit for years to come. Start here by learning the different gift options available to you. We will work with you to find a charitable plan that lets you provide for your family and support McQuaid Jesuit.

The information on this website is not intended as legal or tax advice. Federal and state tax rules and regulations are subject to change. Nothing in this website should be understood as advice as to the content, form, or effect of state or federal laws, rules, or regulations. This website is intended only to provide general information about options for charitable giving. For legal or tax advice, please consult an attorney.

Join the Father Noonan Knights’ Heritage Society

The Father Noonan Knights’ Heritage Society is comprised of alumni, parents, and friends of McQuaid Jesuit who intend to leave a legacy in their own name or in the name of a loved one as a way of helping the school form future leaders in service.

When you make a gift to McQuaid Jesuit from your will or trust, you’ll be welcomed into the Father Noonan Knights’ Heritage Society and join other supporters and friends of our important mission. Is McQuaid Jesuit already in your estate plans? Please let us know so we can properly thank you and assure your legacy is properly honored and executed.

Benefits of joining the Father Noonan Knights’ Heritage Society include:

  • Recognition as a Father Noonan Knights’ Heritage Society member in The Cauldron, a bi-annual McQuaid Jesuit President’s Report and publication.
  • Invitation to annual Father Noonan Knights’ Heritage Society mass and reception and other select on-campus events and programing.
  • Commemorative desk sized McQuaid Jesuit “Knight” to proudly display.(placeholder – subject to change)

The most important benefit, of course, is the satisfaction of knowing that you have made an immeasurable impact on the lives of McQuaid Jesuit students and are leaving a legacy of support to see that the Jesuit mission of creating great men endures.

Ways to Make a Planned Gift

There are many types of planned gifts, all with their unique benefits for McQuaid Jesuit and for the donor. Choosing the right planned gift depends on your personal circumstances and financial goals.

Gift in Your Will or Living Trust

One flexible and popular method of building a charitable legacy is through a bequest for McQuaid in your will. In as little as one sentence, you can complete your gift. The bequest can be a specific sum or a percentage of the balance of your estate.

Gift of Retirement Plans

For many of us, a retirement plan is one of our most important assets—built on years of hard work and stewardship. The balance of an IRA, 401(k), or other retirement account can be, however, an expensive asset to pass onto our heirs.

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Gift of Real Estate

You may own investment property that has appreciated over the years, a second home you no longer need, or a primary residence you plan to sell. Whatever the property, a planned gift of real estate can provide significant support to McQuaid Jesuit and provide you with important tax benefits.

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Gift of Life Insurance

Life insurance is an easy way to make a gift to McQuaid that can also provide tax benefits to the donor. When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a meaningful way to support our work.

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Gift of Stock

One of the biggest tax advantages in charitable giving continues to be the double benefit donors get when donating appreciated assets to McQuaid Jesuit instead of cash. By making a gift of appreciated securities, you can claim a charitable tax deduction for the fair market value of the securities and avoid capital gains tax on the transfer.

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You may own investment property that has appreciated over the years, a second home you no longer need, or a primary residence you plan to sell. Whatever the property, a planned gift of real estate can provide significant support to McQuaid Jesuit and provide you with important tax benefits.

One arrangement is deeding your home to McQuaid but retaining a life estate in the property. This allows you to continue living in your home without disturbance and provides McQuaid with a major gift that might not be feasible otherwise. After your lifetime, McQuaid would own the property in entirety and be able to use it to support the next generations of Knights.

The information on this website is not intended as legal or tax advice. Federal and state tax rules and regulations are subject to change. Nothing in this website should be understood as advice as to the content, form, or effect of state or federal laws, rules, or regulations. This website is intended only to provide general information about options for charitable giving. For legal or tax advice, please consult an attorney.

For many of us, a retirement plan is one of our most important assets – built on years of hard work and stewardship. The balance of an IRA, 401(k), or other retirement account can be, however, an expensive asset to pass onto our heirs.

We encourage you to talk to your estate planner, financial adviser, or attorney to discuss using your retirement account to make a planned gift. You can designate McQuaid Jesuit as a sole or partial beneficiary of your account and avoid the income and estate taxes that would be applied to your account if left to your heirs.

Gifts of retirement plans to McQuaid allow for the donors to fulfill their charitable purposes and pass on more tax-efficient assets to their families. In this way, both McQuaid and your heirs benefit from your strategic planning.

The information on this website is not intended as legal or tax advice. Federal and state tax rules and regulations are subject to change. Nothing in this website should be understood as advice as to the content, form, or effect of state or federal laws, rules, or regulations. This website is intended only to provide general information about options for charitable giving. For legal or tax advice, please consult an attorney.

When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you'll receive charitable deductions at full, fair market value while reducing capital gains impact.

One of the biggest tax advantages in charitable giving continues to be the double benefit donors get when donating appreciated assets to McQuaid Jesuit instead of cash. By making a gift of appreciated securities, you can claim a charitable tax deduction for the fair market value of the securities and avoid capital gains tax on the transfer. The result is a generous gift to McQuaid and a strategic financial transfer with significant tax benefits.

The information on this website is not intended as legal or tax advice. Federal and state tax rules and regulations are subject to change. Nothing in this website should be understood as advice as to the content, form, or effect of state or federal laws, rules, or regulations. This website is intended only to provide general information about options for charitable giving. For legal or tax advice, please consult an attorney.

Life insurance is an easy way to make a gift to McQuaid that can also provide tax benefits to the donor.

When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a meaningful way to support our work. There are three ways to give life insurance to McQuaid Jesuit:

  • Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.
  • Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift if you itemize.
  • Make an outright gift of a new policy. You can take out a new policy and irrevocably name McQuaid Jesuit as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize on your taxes.

The information on this website is not intended as legal or tax advice. Federal and state tax rules and regulations are subject to change. Nothing in this website should be understood as advice as to the content, form, or effect of state or federal laws, rules, or regulations. This website is intended only to provide general information about options for charitable giving. For legal or tax advice, please consult an attorney.