St. Aloysius Century Foundation In support of Brother Martin High School Giving Guide Ways to support Brother Martin High School When considering a gift to the St. Aloysius Century Foundation to benefit Brother Martin High School take a look at the many options that are available in this booklet. There are many creative ways to support Brother Martin High School. Ways in which Brother Martin, you and your loved ones all benefit at the same time. You can make a gift that costs nothing during your lifetime. You can give stock and realize larger tax savings. You can get a monthly check for life in return for your gift. Such giving techniques are called “planned gifts” because with thoughtful planning, you create win-win solutions for you and Brother Martin High School. Sacred Heart Society Become a member of the Sacred Heart Society by gifts totaling $25,000 or more to Brother Martin High School or the St. Aloysius Century Foundation during the previous five years or less. Brother’s Club Become a member of the Brother’s Club by making an annual donation of $4,401 or more to Brother Martin High School or the St. Aloysius Century Foundation. Founder’s Circle Become a member of the Founder’s Circle by making an annual donation of $2,500 or more to Brother Martin High School or the St. Aloysius Century Foundation. President’s Team Become a member of the President’s Team by making an annual donation of $1,000 or more to Brother Martin High School or the St. Aloysius Century Foundation. Annual Fund Take a look at Brother Martin’s Annual Fund. The Annual Fund includes these annual appeals: Alumni, Parents, Grandparents, and the Ladies of the Shield. Funds from these annual appeals are used to help keep the amount of tuition increases down, as well as for the needs of our students, including the cost of upgrades to our current facilities, academic programs, technology infrastructure and classroom equipment and materials. All of which help enhance the experience of our young men. Cash Gifts Benefit to Brother Martin High School • Cash gifts are the most common type of gift. Writing a check is fast and simple. Benefit to You • You are entitled to claim an itemized deduction as a charitable contribution. Matching Gift Programs Does your employer have a Matching Gift Program? The typical corporate matching gift is structured in a way that companies match donations made by their employees to eligible nonprofits. Most companies match at a 1:1 ratio, though some even triple or quadruple donations. Employee matching gift programs are corporate giving programs implemented to allow employees to have a say in where the company allocates its corporate giving dollars. In-Kind Gifts In-kind gifts are contributions of goods or services, other than cash grants. Examples of inkind gifts include: Goods, Services, and Expertise. Cover photo of Branton Chapel by Timothy Dunford 2 3 Endowments You can fund an endowment in various ways. You can give an immediate gift of cash, stocks, securities, real estate, and personal property. You can make a pledge and pay the donation over several years, leave a bequest in your will, or set up an annuity or a trust. Benefit to Brother Martin High School An Endowment is a fund made up of gifts and/or bequests that are subject to a requirement that when possible the principal be maintained intact and invested to create a source of income for Brother Martin High School. Benefit to You Donors may set up an endowment to honor an individual or to fund a specific interest. In any case, an endowment requires that when possible the principal remain intact in perpetuity. You receive the tax deduction in the year of the gift. The following endowments have been established within the St. Aloysius Century Foundation. A gift can be made to one of these existing endowments or to establish a new endowment. The Bellinger Family Endowment In Honor of Thomas Bellinger ’39 SA The Bellinger Family Endowment honoring Thomas Bellinger ’39 SA is established in the St. Aloysius Century Foundation to support Brother Martin High School in in accordance with a bequest in his will. Mr. Bellinger enlisted in the Army in 1941 and served in the Pacific Theatre during World War II with the 308th Bombardment Group. He received numerous decorations and citations, including Distinguished Unit Badge, American Service Medal, Asiatic Theatre Medal with 5 bronze stars and a Good Conduct Medal among others. Following his military service, Mr. Bellinger earned a Bachelor of Science in Commerce in 1949 and earned an MBA from Columbia University in 1951. Mr. Bellinger spent the rest of his life in banking, including serving as VicePresident of Chase Bank in New York and President and CEO at Security Trust in Rochester, NY. He also spent time working for American Security Bank in Washington, D.C. and the Bank of New Orleans. In accordance with Mr. Bellinger’s last wishes, the endowment can be used for instructional enhancements including technology, audio visual materials, textbooks, faculty and staff. 4 Robert M. “Bob” Conlin Athletic Endowment The Robert M. “Bob” Conlin Athletics Endowment honoring Bob Conlin is established in the St. Aloysius Century Foundation to support Brother Martin High School. Bob worked for the Brothers of the Sacred Heart for 35 years coaching, teaching and forming young men at McGill-Toolen, Cor Jesu and for 28 years at Brother Martin. He spent his 35 years in service to the Brothers in many different capacities, serving as a teacher, prefect of discipline, assistant track coach, assistant basketball coach, head basketball coach, an assistant football coach and 27 years as head football coach. During his 27 years as head football coach for the Crusaders he compiled a record of 204-99-5. His team won the State Championship in 1971, finished as StateRunner-up in 1989, reached the semi-finals in 1972 and 1985 while reaching the playoffs 18 times in 27 years. Bob Conlin’s legacy, however, is not told in numbers, but in the hearts and spirits of the thousands of young men he taught to live with courage, honor, dignity and love. Brother Martin has never been the same without him, but Brother Martin will also never be the same because of him. The purpose of the endowment is to provide financial support for Brother Martin in an area very important to Bob during his years at the school – maintaining and enhancing our athletic programs and athletic facilities. Trey Culotta Memorial Fund The Trey Culotta Memorial Fund was established by Dr. & Mrs. Vincent A. Culotta, Jr. in memory of their son Vincent A. “Trey” Culotta III, a 1997 graduate of Brother Martin. Trey, a two-time Heavyweight Wrestling State Champion, was tragically killed in a motor vehicle accident in October of 1999. The earnings from the fund are designated to support the Trey Culotta Wrestling Invitation Tournament, held each December, and the Brother Martin Crusader wrestling program. The fund allows for complimentary team and wrestler entry fees into the Culotta Tournament, as well as pays for other expenses related to the tournament. 5 Larry Garvey ’55 SA - Campus Ministry and Religion Endowment The Larry Garvey Campus Ministry and Religion Endowment honoring Larry Garvey ’55 SA, is established in the St. Aloysius Century Foundation to support Brother Martin High School. An innovative entrepreneur and local businessman, Larry was a generous benefactor, helping to make the first two phases of the Foundation’s Capital Campaign to Benefit Brother Martin High School successful. His strong faith and generous spirit led him to support the school’s Campus Ministry and Religion programs, which allowed us to send students to the annual March for Life in Washington, D.C. Larry’s generosity and interest in the spiritual formation of our students led to the establishment of our ‘Crusaders for Life’. The purpose of the endowment, established through a generous gift from an anonymous donor, is to provide financial support for Brother Martin in two areas very important to Larry – Campus Ministry and Religion. Brother Nicholas Geisenberg, S.C. Building Endowment The Brother Nicholas, S.C. Building Endowment honoring Brother Nicholas Geisenberg, S.C. is established by Tom and Gayle Benson in the St. Aloysius Century Foundation to support Brother Martin High School. Brother Nicholas was a Brother of the Sacred Heart for 78 years. He spent over 40 years in service to the students at Brother Martin as teacher and moderator of the Parents Club. The purpose of the endowment is to provide financial support for Brother Martin in an area very important to Brother Nicholas during his years at the school – maintaining and enhancing our state-of-the-art facility. Brother Neal Golden, S.C. ’57 CJ Technology Endowment The Brother Neal Golden, S.C. Technology Endowment honoring Brother Neal Golden, S.C. ’57 CJ is established by Julie and Mike Flick in the St. Aloysius Century Foundation to support Brother Martin High School. Brother Neal, a 1957 Cor Jesu High School graduate, has been a Brother of the Sacred Heart since 1959. He is an active founder of Brother Martin High School as a member of the faculty the first year of the school. He has been in service to the students at Brother Martin as a teacher and moderator since its inception. He has been the moderator for the Academic Games for 44 years and also has served in the past as moderator of the Prep Quiz Bowl Team, National Honor Society, Mu Alpha Theta and the Computer Programing Team. In 1966 Brother Neal started New Orleans’ first accredited computer-data processing class for high school students at St. Aloysius High School, where he was a teacher. While at Brother Martin, he wrote and published the first high school-level computer textbook in 1975. The book, “Computer Programming in BASIC Language” would go on to span three editions. He has also published two other computer programming textbooks. The purpose of the endowment is to provide financial support for Brother Martin in an area very important to the school, maintaining and enhancing our technology on campus and in the classroom. 6 7 Marty Hurley Band Endowment The Marty Hurley Band Endowment honoring Marty Hurley is established in the St. Aloysius Century Foundation to support Brother Martin High School. Musician, composer and master teacher, Marty Hurley served for 37 years in service to the students at Brother Martin as Band Director. Under Mr. Hurley, the Brother Martin Band was a model of excellence, continually achieving superior ratings at LMEA festivals. The purpose of the endowment is to provide financial support for Brother Martin in an area most important to him during his years at the school – the instrumental music program. Brother Jean Sobert, S.C. Student Activities Endowment The Brother Jean Sobert, S.C. Endowment honoring Brother Jean Sobert, is established in the St. Aloysius Century Foundation to support Brother Martin High School. Brother Jean served for 37 years in service to the students at Brother Martin as moderator, guidance counselor, student activities director, admissions and alumni director, director of development, and assistant to the president. For Brother Jean, our students always come first. The purpose of the endowment is to provide financial support for Brother Martin in an area very important to him during his years at the school – student activities. Scholarships A scholarship is a fund made up of gifts and/or bequests that are subject to a requirement that when possible the principal be maintained intact and invested to create a source of income for Brother Martin High School. Whereas a one-time gift may be spent just once, an endowed scholarship keeps on generating income indefinitely. Restricted Versus Unrestricted A scholarship donor can specify whether the gift is restricted or unrestricted. While schools like to receive unrestricted gifts, which they can use wherever the need is greatest, many donors prefer to specify how their donation will be used. A gift may be designated to an established scholarship or the donor may establish a new scholarship in honor of an individual or family. Funding the Scholarship A minimum donation is required to endow a scholarship within the St. Aloysius Century Foundation. You can fund the scholarship in many ways. You can give an immediate gift of cash, stocks, securities, real estate, and personal property. You can make a pledge and pay the donation over several years, leave a bequest in your will, or set up an annuity or a trust. Benefit to Brother Martin High School A scholarship is a fund made up of gifts and/or bequests that are subject to a requirement that when possible the principal be maintained intact and invested to create a source of income for Brother Martin High School. Benefit to You Donors may set up a scholarship to honor an individual or to fund a specific interest. In any case, a scholarship requires that when possible the principal remain intact in perpetuity, or for a defined period of time, or until sufficient assets have been accumulated to achieve a designated purpose. You receive the tax deduction in the year of the gift. The St. Aloysius Century Foundation contains the following endowed scholarships: 8 9 10 Endowed Scholarships Endowed Scholarships (continued) Alarcon-Quentin Fund Brother Donnan Berry, S.C. Scholarship Donald E. Borey Scholarship James B. Branton Memorial Fund Marion Theresa Schexnayder Bruno Memorial Scholarship Carolyn Engel Memorial Scholarship Fund Robert ’76 & Christopher ’79 Bruno Scholarship Fund Christopher A. Ciaccio ’80 Memorial Scholarship Paul & Haydee Cerise Memorial Scholarship Class of 1979 Scholarship Robert Conlin Memorial Scholarship Brother Ivy LeBlanc Scholarship Vincent A. “Trey” Culotta Memorial Scholarship Michael J. Cusimano Scholarship Andy Douglass Memorial Scholarship Fund The Engert Family Memorial Fund Peggy Engert Memorial Fund First-Four Year Class of 1973 Scholarship Warren & Lucille Flick Memorial Scholarship Endowment Fund Mrs. G. Fricken Memorial Scholarship Fund August R. Gallo Family Scholarship John J. Gelpi, Jr. Scholarship Gibbs Construction Company Scholarship Fund Lawrence & Marian Gibbs Scholarship Dr. & Mrs. Robert R. Gibbs Memorial Scholarship Ladies of the Shield Scholarship Fund Johnny LeBourgeois ’73 Crusader Spirit Scholarship Major William J. McNamara Scholarship Esma Martin Memorial Scholarship Glenn Masson Memorial Scholarship Brother Ralph McGarry, S.C. Memorial Fund - I Brother Ralph McGarry, S.C. Memorial Fund - II Brother Ralph McGarry, S.C. Memorial Fund - III Pescay Family Scholarship Herman J. Prager, Sr. Scholarship Edmond J. & Mireille G. Preau Scholarship Fund Thomas F. Ridgley Scholarship Rosa Mary Foundation Robert J. Schmolke Scholarship Fund Jack Schommer Scholarship Henry P. & Agnes B. Sobert Scholarship James F. Terrell, Jr. Family Scholarship Brett Thomas, Jr. Scholarship Doug Twiner Scholarship Daniel G. & Thomas M. Villarrubia Memorial Scholarship Unrestricted Scholarship Donors Scholarships In Progress William Airhart and Family Scholarship Peter F. Algero, Sr. Scholarship Fund Anonymous Anonymous Azby Fund Class of 1955 Scholarship Class of 1956 Scholarship Class of 1960 SA Scholarship Class of 1974 Scholarship Class of 1975 Scholarship Class of 1976 Scholarship Class of 1980 Scholarship Class of 1984 Scholarship Contreary Scholarship Crusader Memorial Scholarship Fund Fox-Dodt Scholars Assistance Fund Dale M. Gallaher Scholarship Guy Nelson Minority Literary Scholarship Award Trent Patrick Gray Memorial Scholarship Christopher Guy Scholarship Rev. Paul Hart ’70 Scholarship William Hogan Scholarship The Alvin J. Kenney Family Scholarship Benjamin Kuylen Memorial Scholarship Liberty Bank Scholarship Fund LMJ Scholarship Kristian J. Nicolosi Memorial Scholarship Fund Dr. Joseph N. Macaluso, Jr. Family Scholarship Romaguera Scholarship Fund Mary Z. Rupert Scholarship 11 Capital Campaign The St. Aloysius Century Foundation’s Capital Campaign to Benefit Brother Martin High School, a multi-million dollar, multi-phased master plan, was begun in 1994 to address Brother Martin High School’s building, endowment and program development needs. Phase I, completed in 1999, resulted in the Thomas F. and Elaine P. Ridgley Fine Arts and Athletic Center and the renovation of the Robert M. Conlin Gymnasium. Phase II consisted of the construction of the Roland H. and Macy Paton Meyer Science & Mathematics Building and the James B. Branton Chapel. Renovations included E.A. Farley Field, the Brother Jean Sobert, S.C. Alumni & Development Office, and the maintenance office. A new school sign, upgrades to existing walkways, and the improvements to the backyard were the last elements of Phase II, which were completed in 2013. Phase III is now in the initial planning stages. Society of 1869 On September 26, 1869 four Brothers of the Sacred Heart opened St. Aloysius College in New Orleans in response to an invitation from Archbishop Jean-Marie Odin. The school was located in a brick building in the French Quarter at Chartres and Barracks streets. Through the untiring efforts of Brother Stanislaus Keating, first director of the school, it grew from a student body of 66 its first year. By the second year, a fifth Brother joined the staff which worked with the 120 boys, most of them sons of poor immigrants. From this humble beginning in 1869, grew Brother Martin High School with an enrollment of over 1200 and over 14,000 alumni worldwide. Membership in the Society of 1869 is offered to all those who share this commitment, who endorse Brother Martin High School’s mission, and who, like those Brothers in 1869 and those who followed, affirm that commitment by means of a planned gift. To become eligible for Society membership, an individual simply informs the school in writing that Brother Martin High School has been included in his or her estate plans. The school also requires documentation of the planned gift, for example, a copy of the pertinent provisions of the individual’s will or trust, a copy of the life insurance policy which names the school as a beneficiary, or a letter from the individual’s attorney stating that he or she has, indeed, included Brother Martin High School in his or her estate plans. Upon receipt of such documentation, participants are enrolled in the Society of 1869. A replica of the St. Aloysius column is the gift given to members of the Society of 1869 as a token of the school’s appreciation for their support for Brother Martin High School through a planned gift. 12 13 Gifts from Your Will Gifts of Life Insurance Benefit to Brother Martin High School • Include a bequest to Brother Martin High School in your will. • Make your bequest unrestricted or direct it to a specific purpose. • Indicate a specific amount or a percentage of the balance remaining in your estate. Benefit to You • Your assets remain in your control during your lifetime. • You can modify your gift to address changing circumstances. • You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended). • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests. Benefit to Brother Martin High School • You transfer ownership of a paidup life insurance policy to Brother Martin High School. • Brother Martin elects to cash in the policy or hold it. Benefit to You • Make a gift using an asset that you and your family no longer need. • Receive an income tax deduction for the value of the property. • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity. Personal Property If Brother Martin agrees to accept a gift of personal property, the fair market value of these gifts will be determined using a valid current appraisal provided and paid for by the donor. Benefit to Brother Martin High School • Once a donation of personal property is accepted, Brother Martin can choose to sell or hold the donated property. Benefit to You • You receive a tax deduction for the full value assuming the property is used for the exempt purpose of BMHS. For example if you donate a vehicle to be used by the school. Giving from Your Retirement Plan Benefit to Brother Martin High School • Name Brother Martin High School as a beneficiary of your IRA, 401(k), or other qualified plan. • Designate us, upon your death, to receive all or a portion of the balance of your plan through your plan administrator. Benefit to You • Avoid the potential double taxation your retirement savings would face if you designated these savings to your heirs. • Continue to take regular lifetime withdrawals. • Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime. Gifts of Stock and Appreciated Assets Benefit to Brother Martin High School • You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Brother Martin High School. • Brother Martin sells your securities and uses the proceeds for its programs. Benefit to You • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them. • You pay no capital gains tax on the transfer when the stock is sold. • Giving appreciated stock could be more beneficial than giving cash. 14 15 Annuities Trusts Charitable Gift Annuity Charitable Remainder Annuity Trust (CRAT) There are two kinds of Annuities - Regular (payments begin immediately) or Deferred (payments designated to begin in the future). Benefit to Brother Martin High School • Brother Martin receives a gift of cash, stocks or property and the donor receives an annuity which pays him a fixed income for life. • The older the annuitant is at the time of the gift, the higher the rate of return. The interest rate paid is calculated on the birth date of the annuitants. Recommended rates published by the American Council on Gift Annuities and the current IRS discount rate are used in determining the interest income rate and the charitable gift deduction amount allowed. The remaining balance will be applied by Brother Martin to the purpose you stipulated when you signed the annuity contract. Benefit to You • Brother Martin has immediate use of funds to support its mission and a cause that is important to you. • Receive dependable, fixed income for life in return for your gift. • A portion of your annuity payment will be tax-free. • Receive a tax deduction for the present day value of your gift. • No immediate capital gains tax on appreciated stocks used to fund gift. • No estate tax. • In many cases, receive payments at a rate higher than the interest you are currently receiving from stocks, CDs, or savings accounts. Benefit to Brother Martin High School • The trust is comprised of the donor, trustee, principal beneficiary, and the income beneficiary. It is a separately managed fund, requiring a yearly trust report to the IRS and issues a K-1 to the donor. • You transfer cash, securities, or other appreciated property into a trust and reserve a fixed amount to be paid over lifetime. The trust makes fixed annual payments to you or to beneficiaries you name. When the trust terminates, the remainder passes to Brother Martin High School to be used as you have directed. • Note it is possible to exhaust the funds of a trust and thereby end the trust. Unlike a Charitable Gift Annuity, which is a contract, this is a trust. Benefit to You • A fixed income for life and the amount does not change. • Receive an immediate income tax deduction for a portion of your contribution. • Receive income for life or a term of years in return for your gift. • No immediate capital gains tax on appreciated assets used to fund the gift. • You pay no estate tax. • The principal beneficiary can be more than one non-profit. • Your trust can meet personal or family needs that are tied to a specific time frame, such as tuition payments. Deferred Gift Annuity Benefit to Brother Martin High School • You transfer cash or securities to Brother Martin School. Beginning on a specified date in the future, Brother Martin begins to pay you, or up to two annuitants you name, fixed annuity payments for life. Beneficiaries are recommended to be at least 65 years old to begin receiving payments and must be at least 40 years old to fund the gift. • The remaining balance passes to Brother Martin when the contract ends. Benefit to You • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction. • You can target your annuity payments to begin when you need them, such as retirement. • The longer you elect to defer payments, the higher your payment will be. 16 17 Charitable Remainder Unitrust (CRUT) Charitable Lead Trust Same as a CRAT but the income payments are different and the donor can make additional contributions to a Unitrust while he cannot add to an Annuity trust. The Unitrust is revalued each year to determine the income beneficiary’s payments. Benefit to Brother Martin High School • The income beneficiary and the principal beneficiary are reversed. Brother Martin would be the income beneficiary, usually for a period of ten years, and at termination of the trust the body of the trust is returned to the donor or a named beneficiary. Benefit to You • You support Brother Martin High School for a set period of time, but retain ownership of the principal. • Income payments paid to Brother Martin over the term of the trust reduces the ultimate tax cost of transferring an asset to your heirs. • The amount and term of the payments to Brother Martin can be set so as to reduce or even eliminate transfer taxes due when the principal reverts to your heirs. • All appreciation that takes place in the trust goes tax-free to the individuals named in your trust. Types of Unitrust Payments are a fixed percentage of the trust valued as of December 31st of each year. Payments are made from principal if necessary to satisfy payment requirement. Any excess income over payment requirements remains in the trust and increases the fund principal. Net Income: Payments cannot touch the principal. Pays a fixed percentage of value annually. Income is from dividend, interest, and realized capital gains. Benefit to Brother Martin High School • The trust is comprised of the donor, trustee, principal beneficiary, and the income beneficiary. It is a separately managed fund, requiring a yearly trust report to the IRS and issues a K-1 to the donor. • You transfer cash, securities, or other appreciated property into a trust. The trust makes fixed annual payments to you or to beneficiaries you name. When the trust terminates, the remainder passes to Brother Martin High School to be used as you have directed. • Note it is possible to exhaust the funds of a trust and thereby end the trust. Unlike a Charitable Gift Annuity, which is a contract, this is a trust. Benefit to You • Income to you will increase if the portfolio value increases. • Receive an immediate income tax deduction for a portion of your contribution. • Receive income for life or a term of years in return for your gift. • No immediate capital gains tax on appreciated stocks used to fund the gift. • You pay no estate tax on the trust balance at death. • The principal beneficiary can be more than one non-profit. • Your trust can meet personal or family needs that are tied to a specific time frame, such as tuition payments. 18 Tax laws constantly change. Please consult with your tax professional to learn how these giving opportunities can benefit you. 19 1 2 5 4 3 6 1: St. Aloysius College 1869-1969 2: Cor Jesu High School 1954-1969 3: Brother Martin High School, 1969 4: T homas F. and Elaine P. Ridgley Fine Arts and Athletic Center, 1999 5: E. A. Farley Field, 2004 6: R oland H. and Macy Paton Meyer Science and Mathematics Building, 2007 Cover: James B. Branton Chapel, 2011 For additional information, please contact the Brother Jean Sobert, S.C. Alumni and Development Office. Tommy Mitchell ’79, Development Director and Assistant to the President 4401 Elysian Fields Avenue • New Orleans, LA 70122 (504) 284-6700 • Fax (504) 284-5888 • tmitchell@brothermartin.com