Gift Annuities:  A St. Mary Student Parish Gift Annuity is a way to make a charitable gift in exchange for fixed guaranteed income to the donor and/or a loved one for life. At the time you create the annuity contract, you receive an income tax deduction that is actuarially determined. Through a special arrangement with the Jesuits of the Detroit Province, St Mary’s will realize immediately the gift portion of the annuity. To discuss further a gift annuity, please contact , Director of Development at 734-663-0557 ext. 245.

Bequests: A gift designated in your Will or trust allows you to transfer any amount to St. Mary tax-free. You can give a specific amount, specific property, or a percentage of your estate. We will work with you and your attorney by providing suggested language to be sure your intention is clearly stated. To discuss further a bequest, please contact , Director of Development at 734-663-0557 ext. 245.

Stocks and Securities: In considering a donation of stocks to St. Mary Student Parish, you should be aware of a number of important details. If the value of your securities or stocks has appreciated over time, the charitable tax deduction you receive by giving them to St. Mary’s may be attractive to you. If sold by an individual, the proceeds are subject to the capital gains tax. If donated, however, the gift value is the fair market value of the stock on the delivery date to St. Mary’s. Please contact , Director of Development at 734-663-0557 ext. 245 prior to the transfer to ensure you receive your full charitable tax deduction.

Life Insurance:  A new or existing life insurance policy can make a wise choice in achieving your charitable goals.  A modest annual premium payment for a new policy can become a significant contribution, without affecting other assets intended for family members.  By designating "St. Mary Student Parish" as the irrevocable owner and beneficiary of a policy, you may qualify for an immediate tax deduction. For further information about donations of life insurance, please contact at 734) 994-5244.

Retirement Plan Assets: Retirement accounts such as IRAs, Keoghs, and 401(k)'s can be the most tax-efficient way to make a gift. St. Mary can be named as a partial or full beneficiary on the beneficiary designation form. There is not a current income tax deduction however St. Mary will receive the proceeds after your death, or the death of other named beneficiaries, tax-free. Note that the IRA Pension Act of 2006 offers some very special benefits to donors utilizing this method of contributions. For further details regarding Retirement Plan Assets, please contact at 734) 994-5244.

Supporters who had chosen to include a gift of their estate for St. Mary will be recognized as a member of the Father Gabriel Richard Legacy Society.