Planned Giving simply means a financial gift that takes planning and careful consideration, usually done through your Will or estate plan. Bequests are the most common form of a planned gift.*

Bequests and Membership in the Sister Bernadette Vetter H.M. Society
Named after the founding principal of Magnificat, the Sister Bernadette Vetter H.M. Society recognizes friends who have thoughtfully made a bequest to Magnificat High School when planning their Will or estate plan. If you have made provisions for Magnificat in your plans, please let us know so that Magnificat can appropriately recognize your generosity in our Annual Report and Honor Roll of Donors. [We can also list you as "anonymous" if you prefer.]

Remembering the Magnificat mission in your Will helps to ensure the longevity of an exemplary Catholic education for young women. A Bequest is simply a codicil placed in your Will that names a specific amount, a percentage of your estate, or the remainder after all debts, taxes expenses and other gifts are paid that you would like donated to Magnificat High School.

Your estate planning attorney can help you with the best language to fit your plans and intent, but common language for a bequest to be included in your Will is often something like the following:


Click here to remember Magnificat High School in your will.

Other forms of Planned Gifts:
There are other forms of planned gifts about which you may be interested and plan with your financial advisor, including:

• A Transfer of Retirement Plans or IRAs can be discussed with your financial advisor, with benefits to you tax-wise.
• A Gift of Stock or Securities benefits Magnificat and allows the giver to claim a charitable contribution deduction. You would not have to report the appreciation as capital gain income on taxes if you donate the stock directly to Magnificat. Click here for information on donating stock or securities. If you have securities/stock that has depreciated, you can sell the stock that has declined in a down market and claim that loss on your tax return. Then, you can donate the cash from the sale of the stock and claim a charitable deduction on your tax return for the amount of your gift. A professional broker can help you make this type of gift.
• A Charitable Remainder Trust provides a stream of income to you for either your lifetime or a term of years. At the end of the specified term, the assets in the trust will then be devoted to the Magnificat mission.
• A Charitable Gift Annuity allows you to make a meaningful gift while still receiving income and tax benefits that can enhance your future financial well-being. Under the terms of a gift annuity, you can make a charitable gift of cash or other property. You and/or others, if you desire, then receive fixed payments for life from the gift, with the residual amount going to Magnificat High School.

If you would like more information about a planned gift opportunity, please call Diane Tomer, Vice President of Advancement, at 440-331-7227 ext. 277 or by email at dtomer@magnificaths.org.