Giving to Mount Carmel High School
Mount Carmel High School’s progress over the last century has been made possible by the generous and continued support of our alumni, families, and friends. Their generous gifts allow us to develop young men of character who love God, love life, and love learning. These contributions help us to continue our mission of providing an education to young men of different academic abilities, and build on our commitment of establishing spiritual, intellectual, social, cultural, moral, and physical foundations in our young men who are dedicated to becoming outstanding citizens and assets to society.
There are many ways to give to Mount Carmel and many different giving programs to consider. Please refer to the information below for more detail on our fundraising efforts and giving programs.
The Campaign for a New Century of Excellence - The Campaign For a New Century of Excellence already has funded the construction of new science and technology labs (leading to enhanced course offerings) and the Cacciatore Athletic Center (which has enabled us to double the number of physical education credits offered to students). Phase Two will provide state-of-the-art facilities for music and fine arts education (through a new auditorium) and a technology-based Resource Center.
Annual Fund - The Annual Fund secures financial contributions of all types in support of the academic, spiritual, and social development of Mount Carmel students, as well as the physical needs of Mount Carmel campus.
Mount Carmel Educational Foundation - The Mount Carmel Educational Foundation supports, assists, makes grants and gifts in aid an in support of the charitable and religious and educational purposes of Mount Carmel High School.
Scholarships - Mount Carmel is fortunate to have a number of scholarships whose assistance to Mount Carmel students is outstanding. These scholarships enabled Mount Carmel to bridge the gap between the number of families requesting assistance and the number of families assisted.
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Quick Links
How can I give to Mount Carmel?
Stock Transfers
Electronic Transfers
Physical Stock
Planned Giving/Estate Planning
Deferred Gifts - Charitable Gift Annuities /Deferred Gift Annuities
Direct Gifts/Matching Gifts
In Memory or Honor of Someone Special
Foundations and Grants
Online Pledge Card
What are the ways I can give to Mount Carmel?
The Campaign for a New Century of Excellence
Annual Fund
Mount Carmel Educational Foundation
Scholarships
How do I become a member of the Saint Cyril Society?
Saint Cyril Society
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How can I give to Mount Carmel?
STOCK TRANSFERS
One of the most attractive ways for you to help Mount Carmel is to make gifts of appreciated stock. It allows Mount Carmel to receive a larger gift and provides you with a tax benefit versus giving cash. If you own appreciated securities, you may gift these shares directly to Mouny Carmel and avoid the capital gain tax you may have incurred if you had sold the shares and donated the proceeds.
Example 1: Gifting Stock Proceeds |
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Example 2: Gifting Stock |
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Purchased XYZ stock |
$1,000 |
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Purchased XYZ stock |
$1,000 |
Sell XYZ stock |
$1,200 |
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Gift XYZ stock directly |
$1,200 |
Capital gains tax (assuming 15%) |
$30 |
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Resulting gift & tax deduction |
$1,170 |
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Resulting gift and tax deduction |
$1,200 |
Gifting shares directly to the the school is simple, provides a tax benefit to you, and aids Mount Carmel in their mission. It is possible to transfer shares electronically from your account or to deposit physical stock certificates to fulfill your wishes in gifting appreciated securities.
ELECTRONIC TRANSFERS
Transferring publicly traded securities to Mount Carmel is simple. It is easiest if you contact your broker, inform them of the stock you wish to gift and give them the account information for Mount Carmel. They will complete the electronic transfer for you.
Our account is with Dan Hack, Senior VP - Wealth Management at Smith Barney
Phone: 800-334-2446
Fax: 312-917-7450
Email: dan.hack@smithbarney.com
Your gift will be valued on the date the transfer is completed. For your records, our legal name is Mt. Carmel High School and our tax-exempt federal identification number is 36-2171161.
PHYSICAL STOCK CERTIFICATES
Another means of maintaining holdings of stock is to take delivery of the stock (receive the stock certificate) when purchasing. To transfer stock when a physical certificate is held by the owner, a manual transfer must occur. These shares may be turned over to Mount Carmel by endorsing the certificate and completing a transfer of ownership form. To find out more information regarding this process, contact Dan Hack, Senior Vice President, Wealth Management, Smith Barney, or at dan.hack@smithbarney.com.
PLANNED GIVING
You may also donate to Mount Carmel through:
· Charitable Remainder or Lead Trusts
· Life Insurance
· Real Estate
· Personal Property
· Assignment of Trust Income
· Gifts from an Estate of Trust
· Pooled Income Funds
· Retirement Assets
· Closely Held Securities
Deferred Gifts
Mount Carmel can manage charitable gift annuities, deferred gift annuities, bequests and life insurance, as well as transferring assets of real and appreciated property.
With charitable gift annuities, payments to benefactors begin as soon as a gift is made, and donors receive immediate tax deductions.
With deferred gift annuities, the benefactor has flexibility in determining the start date of payments. For example, if the gift is made at age 40, the donor may choose the starting date of payments anytime between the ages of 55 and 80. Charitable deductions are available immediately.
Through a bequest, the benefactors names Mount Carmel High School as the remainder beneficiary of the estate, or makes a specific bequest to support one or more school programs, i.e. scholarships, endowment, building campaign.
Donating paid-up life insurance policies or paying premiums on a new policy that designates Mount Carmel as owner or beneficiary.
For more information on making a donation to Mount Carmel High School in the form of a stock transfer, electronic transfer, physical stock certificate, planned giving, or deferred gifts contact:
Dan Hack
Senior Vice President - Wealth Management
Smith Barney
800-334-2446
dan.hack@smithbarney.com
Direct Gifts
Direct monetary gifts are accepted form of checks, charges, or money orders. Payments can be made to Mount Carmel High School. Please contact the Advancement Office for more information on giving or making a pledge.
Matching Gifts
Check with the human resources office at your place of employment for a matching gift form, and enclose it with your contribution.
In Memory or Honor of Someone Special
To make a donation on someone’s behalf, please contact the Advancement Office at Mount Carmel High School.
For more information on making a donation to Mount Carmel High School in the form of a direct gift, matching gift, or in memory or honor of someone please contact:
David Lenti
Vice President of Instituational Advancement
Mount Carmel High School
773-324-1020, ext 260
dlenti@mchs.org
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