Planning Your Gift

Transforming Lives • The Campaign For Cathedral Prep offers a wide range of opportunities for donors at all levels to make a difference in the quality and future of Cathedral Prep. You can participate in the campaign by making a commitment that permits both flexibility and time to complete payment. Because the school’s needs are urgent, we hope that most commitments will be completed within 36-60 months. However, if you require a longer period to complete your commitment, we would be pleased to work with you to arrange such a gift. There are a variety of ways you can make a gift to The Campaign For Cathedral Prep. Each presents certain advantages. All, of course, are tax deductible within the limits specified by the IRS code. We would recommend that you consult with an attorney or financial advisor when planning your commitment.

Gifts of Cash qualify for a charitable deduction in the year given and are limited to 50% of your adjusted gross income annually. Any amount given over this limit is eligible for a five-year carryover.

Gifts of Appreciated Securities held for more than one year permit a donor to use the full value of the security at the time of donation as a tax deduction, while avoiding the capital gains tax that would be imposed if the security were sold.

Gifts of Property, including residence, farm, vacation home, jewelry, art, etc., can provide significant benefits to the school and to the donor. The specialized help of appraisers and tax advisors is necessary to make such a gift.

Gifts of Life Insurance can provide a way to make a sizable gift at a relatively low cost. Again, consulting with your attorney or tax advisor is important.

Bequests and Life Payment Plans are excellent ways to participate in the campaignat levels you might not ordinarily consider. These include a bequest in one’s will as well as various trust instruments. Our team of professionals will be happy to assist your own financial advisors in finding an attractive plan for your particular situation.

The main consideration in making any type of gift to the campaign is to find a way that brings joy to you and your family—joy in supporting a cause in which you believe and value. When all is said and done, your friendship is your first gift to Cathedral Prep.

For further information about The Campaign for Cathedral Prep, please contact:

Fr. Scott Jabo, President
Cathedral Preparatory School
225 West 9th Street
Erie, Pennsylvania 16501
Phone: 814-453-7737 Ext. 230
Fax: 814-455-5462
frjabo@cathedral-prep.com

Chris Hagerty ‘75
Director of Advancement
Cathedral Preparatory School
225 West 9th Street
Erie, Pennsylvania 16501
Phone: 814-453-7737 Ext. 245
Fax: 814-455-5462
chagerty@cathedral-prep.com