How to make a donation to TCCES
Gifts of Cash and Credit Card Donations
Gifts of cash or via credit card are the most favored ways to make a gift in support of TCCES. Your outright gift of cash or donation via credit card is fully tax deductible for federal income tax purposes, up to 50% of your gross income.
You may donate online using the link below. Please include details in the notes section if you would like your gift to be a memorial or honorarium in the name of a loved one or friend. Also, you may specify that your gift be used for operational expenses or tuition assistance, if you wish.
To make a secure donation online, please use this link: TCCES Donation Page
You may also write a check payable to:
Twin City Catholic Educational System
1050 Zephyr Drive
Neenah, WI 54956
Gifts of Stock
Giving long-term, appreciated stock provides you with a two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the transfer, which is the date the stock is received in the TCCES account. For income tax purposes the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward. Contact the TCCES Advancement Department for stock transfer instructions.
Gifts of Real Estate
If you have owned your home or other real estate for a period of time, it has likely increased in value. Before you sell real estate that will result in a sizable capital gains tax, consider donating the property to TCCES. You will avoid the tax and realize a charitable deduction for the full fair market value of the property.
Gifts of Life Insurance
If you own a life insurance policy that is no longer needed, consider it the perfect vehicle for a charitable gift. To receive a charitable deduction, name TCCES as both the owner and beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, if annual premiums are still to be made and you continue to pay them, those premiums will be tax deductible each year. Check with your insurance agent for details.
Leave a gift specific to TCCES in your will. Charitable bequests can be structured in many ways and are deductible for estate tax purposes.
Retirement Planning Assets & IRA Rollover
Simply name TCCES as a beneficiary of part of or your entire IRA plan. This could result in estate tax savings and, in some cases, income tax savings as well. Additionally, the Pension Protection Act of 2006 allows you to make a direct distribution from the IRA to TCCES without a penalty for withdrawal. This type of distribution has a limit of $100,000 for an individual or $200,000 per couple; no charitable deduction is allowed. Check with your ax planner for details on these options for supporting the SMC mission.