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Saint Joseph Hill AcademyUnder the Direction of the Daughters of Divine Charity

Sample Gift Language for your Will or Trust

A gift to St. Joseph Hill Academy in your will or trust enables you to support our mission and make a difference in the lives of future generations.

 

A bequest:

  • is easy to arrange.
  • will not alter your current lifestyle in any way
  • can be easily modified to address your changing needs.

 

Residual Gift Language:

A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to St. Joseph Hill Academy located in Staten Island, NY, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

 

Specific Gift Language:

Naming St. Joseph Hill Academy as a beneficiary of a specific amount from your estate may be stated as follows:
I give and devise to St. Joseph Hill Academy located in Staten Island, NY, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

 

Contingent Gift Language

St. Joseph Hill Academy can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to St. Joseph Hill Academy located in Staten Island, NY, the sum of $_______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program)

 

Retirement Plan Beneficiary Language

You may name St. Joseph Hill Academy as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming St. Joseph Hill Academy as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Roth, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming St. Joseph Hill Academy as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support St. Joseph Hill Academy. Donors should consult with their tax advisor regarding the potential tax benefits of such gifts.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return  the form to your plan administrator and notify St. Joseph Hill Academy. We can assist you with the proper language for your beneficiary designation to St. Joseph Hill Academy.

 

Customized Language

If you or your attorney would like St. Joseph Hill Academy to provide you with customized beneficiary language that is specific to your goal and interest, please contact Dr. Elizabeth Basile, Director of Development.

 

Please see the contact information below for any questions or to send all correspondence:

 

Dr. Elizabeth Basile, Director of Development

St. Joseph Hill Academy

850 Hylan Boulevard

Staten Island, New York 10305

(718) 447-1374 Ext. 9163

ebasile@stjhill.org