There are several types of gifts to give to Barat Academy!

We will do our best to make giving easy and work to benefit your situation the most!

**Please note: you should consult with your financial and/or tax advisor regarding current tax laws as they relate to your personal situation.**

Gifts of Cash

Gifts of cash are the most popular form of gifting due to its simplicity. Cash gifts may be made by currency, check, money order, bank draft, or credit card. The applicable income tax deduction reduces the actual cost of the gift. Give Now! Contact: Mary Jo O'Connell, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or 636 300 5573.

Gifts of Personal Property

Gifts of personal property require an independent appraisal of fair market value before the gift is made. Restrictions by donor regarding the sale, mainenance, administration and display of such gifts are possible but subject to review and approval by the Barat Academy Board of Directors. Additionally, to get a tax deduction for that is at the fair market value the personal property must be used by the school in its exempt purpose.

Gifts of Real Estate

Gifts of land or other real estate can offer many advantages to a donor and Barat Academy. A gift of real estate can be an attractive way to make a substantial commitment and to realize important tax and income benefits at the same time. You may be able to significantly reduce the amount of income, capital gain, and estate taxes you otherwise would have to pay. Finally, the disposal of your property can relieve you of maintenance responsibilities.

There are several strategies for gifts of real estate. For example, transfer of property can occur through a will or trust, receiving income for life after transferring property to a trust, retaining the right to use the gifted real estate, and engaging in a "bargain sale" of real estate.

Gifts of Securities

There are benefits to donating gifts of securities as well. Donors can avoid capital gains taxes on the amount of the appreciation. Also, donors can still deduct the full amount of the current value of the stock as a charitable income tax donation. Deductions can be carried over for an additional five years, if you cannot use all of the deduction in the year you make the gift. However, securities gifted need to have been held for a year prior to donation. An excellent example is some families have contributed their Anheuser Busch Stock to Barat Academy.

Gifts of Retirement Plan Assets

Retirement plans grow tax-free, that is the earnings are not taxed annually but continue to grow. However, they are taxed as they are withdrawn. This allows for more dollars to be invested for more growth. Currently, legislation has been passed for 2008 and 2009 with regard to Seniors (age 70 1/2 or older) Those that meet the age requirement can direct the IRA to go to the non-profit of choice. It does have to be directed to the non-profit, with a limit of $100,000 annually. There are advantages for those that are not 70 1/2 as well.

Gifts of Life Insurance

Gifts of life insurance can offer an attractive benefit to the school at a relatively low cost. Life insurance may be a great way for younger alumni to give due to low premium expenses. For those that have have associations with the school but are older, perhaps the reason for having the policy in place may no longer apply. For example, your home may be paid off, or your children may now be independent. These policies would make an excellent gift to Barat Academy. Please talk to the Advancement office or a trusted advisor to discuss how to recieve income tax benefits.

Bequest

A bequest in a will or trust is the most common form of a planned gift because it is a way to make a substantial contribution to support Barat Academy without diminishing the assets available to the donor during one's lifetime. Important estate tax savings can result from this type of gift, as a bequest to our school could be deducted entirely, without limit, from the taxable estate for estate tax purposes.

Charitable Lead Trust

With a Charitable Lead Trust, Barat Academy would receive income in support of the school from a trust as a gift for a specified period of time. The assets are later returned to the donor or to the donor's heirs when the trust terminates. The main advantage of this type of gift is to reduce federal estate taxes when transferring property to heirs.

Barat Bonds

As part of its capital funding, Barat Academy will be issuing tax exempt bonds to assist in financing additional facilities. The school plans to make a special category of these bonds available to friends and supporters. The bonds will be part of the overall debt of the school and allow individuals and companies to "invest" funds in the develpoment of Barat, and receive a current income return on their funds for the term of the bonds. The interest on the bonds will be exempt from both federal and Missouri income taxes, offering an attractive investment vehicle for appropriate investors. The special catagory bonds will be general obligations of the school and subject to appropriate issuance procedures and investor informaiton. For additional information, on this opportunity, please contact Aaron Grygiel at 636 300 5553.

Give now! Contact the Barat Academy Advancement Office at 636-300-5573