Planned Giving

What is a planned gift?
A planned gift is any gift made, during the donor’s lifetime or at death that is part of the donor’s overall financial or estate planning. What a planned gift can mean spiritually, though, is far more than that simple definition conveys. A planned gift is an opportunity to express the values you hold dear and can be an extension of your faith and practice. With such stewardship, you can choose the legacy you would like to leave at Xavier High School. Planned gifts can be made in a series of smaller installments, or as one single gift. They can be as easy as changing a beneficiary designation or as complicated as a charitable remainder unitrust. Many planned gifts use estate or tax planning techniques to maximize the gift and minimize its impact on the donor’s estate.

In contrast, gifts and pledges to Xavier’s operating and mission funds come from the donor’s discretionary income, and while they may be budgeted, they are not considered planned gifts. Whether the planned gift involves cash, stocks, bonds, mutual funds, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan or other assets, the benefits of funding a planned gift can make this type of charitable giving very attractive to both the donor and to Xavier.

How will my gift be used?
You may choose to allow future school leaders to determine how best to use your gift, or you may choose to direct the gift to support a specific area that is meaningful to you. If no specific designation is made, your gift will be placed in the Endowment Fund in order to help the next generation of learners indefinitely.

Endowment Fund at Xavier High School
Planned gifts can go to Xavier’s Endowment Fund. This fund’s principal is invested in perpetuity, with five percent of the fund’s value distributed each year. Annual distributions supplement student tuition to make it more affordable for families to choose Catholic education.



The Heritage Society
Created in 1991, the Heritage Society recognizes individuals who have included the Xavier Foundation in their estate and deferred giving plans. The Heritage Society is dedicated to the development of a permanent endowment fund for Xavier High School. Members of the Heritage Society have provided planned and deferred gifts through bequests, charitable trusts, charitable gift annuities, IRA distribution funds, real estate and life insurance. With a planned or deferred gift of reasonable substance, you can become a member of the Heritage Society in any of the following suggested ways, or consider other possible giving vehicles:

• • • A provision in your will, setting aside a specific amount or a percentage of your estate to the Foundation.
    • Creation of a charitable remainder trust or charitable lead trust.
    • Purchase of a charitable gift annuity.
    • A gift of certain real estate with a retained life interest. You enjoy the property during your lifetime, and upon your death, the property passes to the Foundation.
    • Naming the Foundation as a beneficiary of IRA distribution funds.
    • Designating the Xavier Foundation as beneficiary of all or a portion of a life insurance policy.

Each year in gratitude for such long-term support, more than 200 Heritage Society members are honored during the Donor Appreciation Reception and given special recognition on our Heritage Society Donor Wall. By accepting this invitation, you will be leaving a legacy for future generations of students at Xavier High School. Thank you to the following donors who have thought of our future Saints by joining the Heritage Society.

Always ask your financial/legal professional
Always consult with your own legal, tax and/or financial adviser as you work to finalize your giving plans as this information is not intended as legal or financial advice. If you do not have an adviser, we would be happy to provide you with a list of potential options to consider who are a part of the Xavier Community. Please consider this list as a helpful service but not an endorsement of any particular individual.

Possible tax benefits of planned giving
A donor could contribute appreciated property, such as securities or real estate, and receive a charitable deduction for the full market value of the asset while avoiding capital gains tax on the transfer.

Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained. If they fund their gift with appreciated property, they will generally avoid any upfront capital gains tax on the transfer. Gifts payable to charity upon the donor’s death, such as a bequest through a will or by beneficiary designation in a life insurance policy or retirement account, will generally avoid any estate or income taxation. Please speak with your financial planner to discuss the many tax benefits of giving and what might work best for you.

We hope that your home parish and Xavier High School can be a part of your plan and your legacy, as planned giving has a tremendous, lasting impact. Please reach out to learn more about any of these planned giving resources, and in all cases, we ask that you consult with your own legal, tax and/or financial adviser as you begin to finalize your giving plans. 

“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” --2 Corinthians 9:6-8