Ways to Give

St. Peter School is fortunate it its friends. Many generous families, alumni, grandparents, alumni parents, parishioners and community friends help support the school, both now and for the future. It is because of the support we receive that St. Peter School is able to continue educating children from in and around the Cambridge area. We thank all those donors and strive to make giving options both flexible and convenient.

Each year the Annual Fund Campaign, and the three fundraising events: Oktoberfest, the Dare to Dream Auction & Gala, and the St. Peter Classic Golf Tournament raise funds in support of our operating budget, educational programs, and St. Peter’s financial aid program. If you would like to give outside of those events, we have outlined several ways below:

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The Annual Fund is the cornerstone of giving to St. Peter School. The Annual Fund comprises unrestricted giving from all sources that support all school programs and activities. Teacher salaries, scholarship aid, supplies, technology, and building maintenance are all funded in part by annual giving. The school can put such gifts to use in areas where they are most needed.

Capital gifts are gifts specifically restricted (by the donor) for capital needs that include endowment funds as well as funds for construction or renovation of permanent facilities.

Endowment funds ensure St. Peter’s future as an institution of the highest quality. Gifts specified for endowment purposes can be designated to support scholarships, teacher salaries, or general purposes, as well as to fund new program development.

Memorial gifts, can be a particularly meaningful way to contribute to St. Peter School. A gift in honor or memory of an individual may be made to the Annual Fund or as a capital gift and may be restricted or unrestricted.

Gifts in kind are non-cash gifts of property such as computers, books, scientific equipment, art materials, etc. Gifts in kind also make important gifts. The fair market value of such items is deductible for income tax purposes. A formal appraisal is required by the IRS for gifts in kind valued at over $5,000.

Forms a Gift Can Take

Cash: Your gift of cash provides immediate tax savings through deductions and provides St. Peter School with funds for current use.

Securities: You can make such gifts in person, through a broker, or through the mail. For tax purposes, the value of the gift is recorded as the average market value on the date of delivery (or if mailed, on the postmark date). If transferred through a broker, the gift’s value is determined by the date of transfer as recorded in the books of the corporation.

Will: Remembering St. Peter School in your will is an effective way to ensure that the ideals you value will be perpetuated. It also reduces the taxable portion of your estate.

Life Income Gifts:  With a life income gift, you assign cash, securities, or other assets irrevocably to St. Peter School. They are then invested to pay a lifetime percentage or fixed amount to you, to succeeding beneficiaries, or to whomever you designate. Income is paid monthly, quarterly, semi-annually or annually. Upon the death of the last surviving beneficiary, the School may use the assets either as needed or for a specific purpose which you have designated.

Personal Property: Gifts of valuable art works, furniture, jewelry, antiques, rare books and manuscripts can increase the School’s educational resources in many ways.

Real Estate:  You can offer real estate as an immediate gift or to fund a trust. You may even arrange for lifetime occupancy after making your gift, thereby gaining a tax deduction and eliminating local taxes while still enjoying the comforts of home.

Life Insurance: At a relatively low cost to you, a life insurance policy, which names St. Peter School as beneficiary, can have a real impact. Legal or financial advisors can best help you determine the vehicle most advantageous and appropriate for you.

Contact the Office of Advancement:
Eve Encinas-Lončar
Director of Advancement
Phone: 617-547-0101

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