Support Holy Trinity School
There are many opportunities to give back to Holy Trinity School. Holy Trinity School is always looking for ways to expand and progress to give our students the best opportunities to learn and succeed. Your contributions help keep the standard of learning high at Holy Trinity School. Thank you so much for your donation.
HTS Annual Fund
The annual fund is of critical importance to Holy Trinity School’s success. This fund closes the gap between the cost of tuition and the cost of educating a student. Gifts to this fund also support academic programs, educational enhancements, such as, the updated computer lab, and tuition assistance.
Tuition Assistance
Holy Trinity School assists deserving students who may not be able to continue their Catholic school education without tuition assistance.
Contributions may be made in honor or in memory of a loved one. Please contact Dr. Frechette at 203-269-4477.
Leave a Legacy
Every day, people from all walks of life leave charitable gifts to various institutions. They truly make a tremendous impact and are a fitting tribute for a loved one. For more information regarding a lasting legacy at Holy Trinity School, please contact Dr. Frechette at Holy Trinity School.
Matching Gift Fund
Your gift may be doubled by your employer if they have a matching gift program. Please contact your Human Resource Department or refer to the list below.
Have you considered using a qualified charitable distribution (QCD) from your Individual Retirement Account (IRA) to make a gift in support of Holy Trinity School?
This popular, tax-smart option could enable you to have am even bigger impact!
What is the IRS rule?
The IRA Charitable Transfer allows individuals age 70 1/2 and older to make direct transfers totaling up to $100,000 per year to 501(c)(3) charities, without having to count the transfers as income for federal income tax purposes. No charitable deduction may be taken, but distributions will qualify for all or part of the IRA owner’s required minimum distributions.
Who qualifies?
Individuals who are age 70 1/2 or older at the time of the contribution.
Can I use it to support Holy Trinity School?
Yes! You can designate the gift as unrestricted annual support or earmark it for a specific purpose, such as Holy Trinity School’s Annual Fund.
How much can I transfer?
Up to $100,000 per year. The transfer must be outright to charity.
From what accounts can I make transfers?
Transfers must come from your IRAs directly to Holy Trinity School. If you have retirement assets in a 401k, 403b etc., you must first roll those funds into an IRA, and then you can direct the IRA administrator to transfer the funds from the IRA directly to Holy Trinity School.
To what charities can I make gifts?
Tax exempt organizations that are classified as 501(c)(3) charities, including Holy Trinity School, are eligible to receive these contributions.
What are the tax implications to me?
- Federal- You do not recognize the transfer to Holy Trinity School as income, provided it goes directly from the IRA administrator to us; therefore, you are not entitled to an income tax charitable deduction for your gift.
- State- Each state has different laws, so you will need to consult with you own advisors. Some states have a state income tax and will include this transfer as income. Within those states, some will allow for a state income tax charitable deduction and others will not. Other states base their state income or federal tax paid. Still other states have no income tax at all.
Does this transfer qualify as my required minimum distribution?
Once you reach age 70 1/2, you are required to take required minimum distributions from your retirement plans each year, according to a federal formula. IRA Charitable Transfers count towards your minimum required distribution for the year in which you make the gift.
Can my spouse also make an IRA Charitable Transfer?
Yes, every individual who is the owner of a traditional IRA account can use the IRA Charitable Transfer for up to $100,000 each year.
How do I know if an IRA Charitable Transfer is right for me?
Since circumstances may vary from person to person, donors should share and discuss this information with a professional financial advisor.
Can Holy Trinity School help with my planned giving questions?
We would be delighted to help. Please contact the school office at (203)269-4477 or email at school@myhts-wallingford.org.