Methods of Giving
A bequest – or leaving a specific percentage or amount of an estate in a will – is one of the most popular options for making a planned gift to Chicago Jesuit Academy. Support of this kind can be made in the form of cash, securities, real estate or other personal property.
We are grateful to receive an endowed gift of any amount with timing tailored to what works best for the donor. An endowment leaves a lasting legacy, ensuring the longevity of CJA’s programs serving students, alumni and families across Chicago.
We welcome the chance to discuss your support in more detail should you want to consider an endowed gift. Below are examples of perpetual endowment options in support of CJA’s programs. Endowment funds can be created across multiple years based on the donor’s preference.
Endowed Student Scholarships:
A gift of this amount will secure a student’s scholarship in perpetuity for their 5th through 8th grade years of enrollment at CJA until graduate and move forward as leaders in their communities.
- Full Cost Endowed Scholarship: $737,500
- Half Cost Endowed Scholarship: $368,750
- Quarter Cost Endowed Scholarship: $184,375
Endowed Alumni Support:
A gift in this amount will ensure in perpetuity a College & Career Persistence Counselor’s annual support of one of our alumni on their academic and personal journey through high school, post-secondary pathways and onto their careers.
- Endowed Alumni Support: $74,500
Endowed High School Bridge Student Support:
A gift of this amount will ensure, in perpetuity, that a High School Bridge Counselor can accompany a partner-school student starting in 7th grade as they select, enroll in and persist at their best-fit high school.
- Endowed High School Bridge Support: $22,500
Endowed Faculty Position:
A gift of this amount will salary and retain an excellent educator in perpetuity, ensuring our young men and women have access to a high-quality, individualized education.
- Endowed Faculty Support: $2,000,000
If you are considering an endowed scholarship, please reach out to Danielle Pernini, Vice President of Development, at [email protected] to discuss your support in more detail.
Life insurance policies that are no longer needed can be gifted to our students by adding Chicago Jesuit Academy as a beneficiary to the policy. This type of gift can be tax deductible if CJA is made the owner of the policy.
Naming CJA as a beneficiary of a 401(k) or 403(b) retirement plan or IRA is a wonderful way to support the students and alumni of CJA at the same time. Gifts made from a retirement plan are not subject to estate, federal or state income taxes allowing the full value of the gift to be recognized.
A Charitable Lead Trust would provide Chicago Jesuit Academy with an annual income (percentage or fixed amount) determined by the donor for a term of years. At the end of the term, the remainder of the trust is paid to the beneficiary of the donor’s choice including all unrealized appreciation and free of transfer taxes.
A Charitable Remainder Trust provides a donor with an annual income (percentage or fixed amount) during their lifetime. At the death of the last income beneficiary, the corpus of the trust would be transferred to Chicago Jesuit Academy in support of our students and alumni.
Charitable gift annuities, which can be made with gifts of cash or appreciated securities, guarantee the donor a fixed annual income and provide numerous tax benefits.