As the end of year approaches, please consider these tax-saving strategies when making your year-end contributions. The Savio community is ever grateful for all of its blessings throughout the year, especially for tax-deductible gifts that support our mission of forming servant leaders. For these generous gifts to count towards the 2017 tax year, per IRS guidelines, it must be postmarked no later than December 31, 2017.
gifts of cash
Gifts of cash are tax deductible in the year the gift is made. The quickest and easiest way to make your gift is online via credit card. Or mail a check made out to St. Dominic Savio:
St. Dominic Savio Catholic High School
Attn: Development Office
9300 Neenah Avenue
Austin, TX 78717
gifts of securities
Gifts of stocks, bonds or other securities can be one of the most advantageous ways of giving. Gifts of appreciated stocks, bonds or other securities will receive a tax deduction based on the value of the security on the date of the gift. With long-term appreciated securities (those held longer than 12 months), you will receive a charitable income tax deduction for the full fair-market value of your gift and avoid paying any capital gains tax on the appreciation. Please complete our Stock transfer form to process your stock donation. All stock transactions are processed through the Diocese of Austin.
Increase the impact of your gift. Many employers match charitable contributions made by their employees, allowing you to double or even triple your gift to St. Dominic Savio. Please search our matching gifts database to see if your company offers this benefit and to access the correct forms.
Remember St. Dominic Savio in your planned giving-the lives touched here, and the potential they hold, can be your legacy. Planned Giving creates a legacy that will extend your generosity into the future, confident that the values and assets you developed during your lifetime are passed on according to your wishes. With little or no current financial impact on you, this caring act may result in the largest and most lasting gift you ever make to the school. A misconception is that gift planning is only for the "wealthy." The truth is, people of all income levels can make a difference through gift planning. Many families have enjoyed increased income and generous tax savings by using various types of planned gifts. There are many possibilities to consider including a bequest, one of the several forms of charitable trusts or a gift of life insurance.
For all planned giving strategies, we encourage you to consult with your financial advisor, attorney and a St. Dominic Savio Catholic High School representative, when considering a planned gift. The lives that are touched at St. Dominic Savio Catholic High School, and the potential they hold, can be your legacy.