Donate/Ways to Give
There are many options available to help support the school. Thank you for your prayers and support!
Matching Gifts
You can double your gift through the matching gift program that many companies offer. Ask your employer for a form to send in with your donation to VCS, and we will work with your company for the match!
If you have any questions, please contact Kristi Smith at [email protected] or 601-630-9762.
WAYS TO GIVE to Vicksburg Catholic School
Cash – The simplest way to support Vicksburg Catholic School is through cash gifts. This form of giving makes an immediate impact and is fully tax deductible.
Securities – Long-term appreciated stocks and other securities may be transferred to Vicksburg Catholic School. The donor may avoid capital gains taxes upon sale of the stock and be able to claim a charitable deduction.
IRA Charitable Rollover – Individuals age 70½ and older can donate up to $100,000 each year from their IRAs to Vicksburg Catholic School tax-free. Donors do not receive an income tax charitable deduction., however his provision allows donors to transfer money from their IRAs directly to a qualified charity without having to recognize the transfer as taxable income.
Real Estate – Gifts of real estate can include a personal residence, a vacation home, a farm or ranch, income-producing rental property or undeveloped land. Depending on the value of the real estate, the donor may be able to realize a charitable tax deduction and also avoid capital gains taxes.
Bequests – A bequest through a will is the most common form of planned giving. This is an attractive option for donors who wish to retain control of their assets during their lifetime and assist Vicksburg Catholic School at a future date. Bequests may designate a specific dollar amount, a percentage, or the residual of an estate after taxes, expenses and family needs are met. Important estate tax savings may be realized through this type of gift.
Life Insurance – An individual may contribute a paid-up life insurance policy, buy a new policy, or contribute an existing policy to Vicksburg Catholic School. In addition, a donor may add Vicksburg Catholic School as a partial beneficiary to an existing policy. The donor may benefit from an immediate tax dedu Dashboard ction or other more complex tax benefits, depending on how the insurance is given.
Retained Life Estate – An individual may donate real estate while retaining the full use and enjoyment of the property. Vicksburg Catholic School assumes possession of the property at the end of the donor’s or the surviving beneficiary’s lifetime. The donor may benefit from an immediate income tax deduction as well as future estate tax savings.
Retirement Plan and IRA Designations – A donor may designate that Vicksburg Catholic School receive any remaining assets from an IRA or other qualified pension or profit-sharing plan. The donor maintains access to funds throughout his/her lifetime, and later gifts are deducted from their taxable estate. This may provide considerable tax savings to the donor’s heirs.
Charitable Lead Trust – Lead trusts are usually created for a term of years within which Vicksburg Catholic School receives income. At the end of the trust period, the principal is passed on to the donor’s heirs.