Types of Giving
What is a gift?
A gift is defined as a voluntary transfer of assets from a person or an organization to Subiaco Academy where no goods or services are expected in return.
The most common gifts are outright gifts. In addition to cash gifts, Subiaco Academy accepts gifts of securities (stocks/bonds), real property and personal property.
Cash and Checks--
Please make checks payable to Subiaco Academy. Monthly gifts can be set up via Electronic Funds Transfer (EFT) or with a debit/credit card. One also may give securely on-line via credit card.
Gifts of Stocks, Bonds or Mutual Fund Shares--
Please contact Glenn Constantino, our Procurator, at 479-934-1026 for the account information to transfer stock. Subiaco Academy will sell securities as soon as possible after the transfer.
Gifts of Real Property--
The Academy may accept gifts of real property after review and approval by the Gift Acceptance Committee and consultation with legal counsel.
Gifts of Personal Property--
The Academy may accept gifts of personal property, including but not limited to, works of art, manuscripts, literary works, boats, motor vehicles and computer hardware.
Deferred gifts, also called planned gifts, are arranged during the donor’s lifetime, but the benefits do not accrue until a later time, usually after the death of the donor or his/her beneficiaries. Your planned gift provides you tax benefits while helping Subiaco Academy meet some of our future financial needs. We encourage you to talk with your tax advisor to discuss the planned gift which will best fit your financial situation. To learn about more options through our dedicated "Planned Giving" web site, you may click HERE. You may also contact Glenn Constantino (Procurator) to discuss the varied options to plan a gift. He can be reached at 479-934-1026.
A bequest to the Academy is made in the donor’s will or revocable trust.
Charitable Gift Annuities--
A charitable gift annuity is a contract between the Academy and the donor in which the Academy agrees to pay the donor (or other person named by the donor) an annual, lifetime fixed sum in return for a gift of cash, securities, or other property. The minimum contribution amount for a gift annuity is $20,000.
Charitable Remainder Trusts--
A charitable remainder trust is a trust established by the donor. It provides payments to the donor either for life or a term of years (not exceeding twenty). At the end of that period the remaining trust assets are distributed to one or more charities.
Designating the Academy as Beneficiary--
The Academy can be designated as a beneficiary (or an alternate beneficiary) of a life insurance policy, a deferred annuity contract, an IRA, a defined benefit plan, a 401(k) plan, a defined contribution (profit sharing) plan or other qualified plan.