Your Gift Can Last Forever

The Power of a Gift to Gonzaga's Endowment

An endowment gift to Gonzaga provides support for the young men of Eye Street that lasts long into the future. When you make a gift to our Endowment, you give a gift with both immediate and long-term benefits.

Gifts to Gonzaga's Endowment are strategically invested by the school and our Board of Trustees. Each year, a portion of the annual income from the investment is used to address immediate needs for the school, while remaining funds are reinvested to help grow the Endowment and provide indefinite support for generations to come.

Gifts to the Endowment can be restricted, so that the revenue generated by their investment is used for a specific purpose — such as scholarships. Or the use of investment proceeds can be unrestricted — to be used on whatever future purpose or need the school determines is best. In either case, the principle of your gift remains untouched, ensuring that your gift has a lasting impact on Gonzaga.

An Example of How It Works

Couple Smiling Charlie is an alumnus who was raised by his mother — and was the beneficiary of the Kevin Carmody Scholarship (which provides financial aid to fatherless boys). In planning their estate, Charlie and his wife Susan have two goals: first, they want to support the Gonzaga education of boys who — like Charlie — are being raised by their mothers; second, they want to make sure the impact of their gift is felt long after they're gone.

Charlie and Susan make a $100,000 gift to Gonzaga's Endowment, which the school invests. Their original gift remains untouched — but they work with the Gonzaga Advancement office to stipulate that the income from their gift be used to support the Carmody Scholarship. Each year, a portion of the investment income is placed in the Carmody Scholarship Fund — where it goes to support young men like Charlie.

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Next Steps

  1. Contact Stephen M. Neill at (202)370-5341 or sneill@gonzaga.org to discuss endowed gifts.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Gonzaga in your plans, please use our legal name and federal tax ID.

Legal Name: The President and Directors of Gonzaga College
Address: 19 Eye Street, NW, Washington, D.C. 20001
Federal Tax ID Number: 53-0204703

Fund Your Donation With:

A charitable bequest is one or two sentences in your will or living trust that leave to Gonzaga College High School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I hereby give, devise and bequeath to the President and Directors of Gonzaga College in Washington, D.C. ($) or (% residue of my estate)."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Gonzaga or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Gonzaga as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Gonzaga as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Gonzaga where you agree to make a gift to Gonzaga and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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