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Giving to Cardinal Newman
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Hello Cardinal Newman Supporter,

 

I hope this note finds you well and ready to enjoy a peaceful Christmas with family and friends.

 

​​As this very interesting year comes to a close, I'm writing to a select group of Cardinal Newman alumni, parents and supporters about a unique opportunity and giving concept that not many folks think about.

 

With the market at record highs, have you ever considered donating appreciated securities to Cardinal Newman?  There are significant donor tax advantages to this type of giving, and Cardinal Newman is well-prepared to make the process very easy for you. Further, with the current debate about tax law changes, this very advantageous opportunity may not exist next year.

 

If you are a regular giver to Cardinal Newman, donating appreciated securities may allow you to donate the same amount or more to Cardinal Newman at a lower cost to you.

If you haven't been a regular giver to Cardinal Newman, this may be a perfect opportunity to give it a try. (I guarantee your support will go directly to continuing our mission of educating great kids in an environment of faith and values.)

 

Basically, cash donations to Cardinal Newman are fully deductible to donors.  A $2,000 donation gets the donor a $2,000 tax deduction.

 

But a donation of $2,000 of appreciated stock(s) gets you that same $2,000 tax deduction PLUS you don't have to pay capital gains tax on any gains you may realize ​in selling the stock.  If you were to sell that stock yourself, you​ woul​d owe the capital gains tax on the difference between what you paid for the stock and what it is worth today. If you donate those securities instead, you get the deduction ​​and the tax savings.

 

You can and should ask your investment or tax advisor about this or give us a a call here at the Cardinal Newman Advancement office (Kathy Badger (707) 484-6505. Your advisor can help you identify your stocks with the most gains (and therefore the greatest tax ​savings​ opportunity), and we can help you do the rest.  When Cardinal Newman receives donated stock, we immediately sell those stocks and use the proceeds for our kids and our mission -- with no tax due from you or from us.

 

Thank you for taking the time to consider.  As always, please call or email anytime with questions or if we can be of any service on this or any matters.


God Bless, Merry Christmas & Go Cardinals!

 

Terri Derr
Lisa Sousa

Kathy Badger

PS -- Of course, if you aren't in a position to take advantage of this strategy but still would love to support Cardinal Newman our online giving portal is always open.

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