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.
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.
