Father Dan Fitzpatrick, SJ, Moderator | Xavier High School | 30 West 16th Street, New York, NY 10011 | 212-337-7551 | brooklynprep@gmail.com
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Brooklyn Prep 59th Annual Dinner - Thursday, May 7th, 2020

18th Annual BP Golf Outing - Thursday, Sept 19th, 2019 at Knollwood Country Club

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Ways to Give

Click below to make a contribution to the Rev John D Alexander SJ Endowment Fund.


























Matching Gifts

Many employers offer a matching gift program to eligible employees. If you or your spouse work for a matching gift company, your gift to The Brooklyn Prep Alumni Association may be doubled or tripled simply by completing a form that will be available from your employer.

Some common questions about giving:

How does the matching gift program work?

When you make a gift to Brooklyn Prep, your employer makes a gift in your name as well. For example, if you make a gift of $250 to The Brooklyn Prep Alumni Association, your employer may contribute a corresponding gift ranging from $250 - $500, depending on your company¬ís matching policy.

What are the advantages?

As a donor, you will be credited with the total contribution, including the corporate contribution.

How do I know if my employer matches gifts?

Check with your Human Resources department for advice on this matter. 

Whenever making important decisions regarding charitable giving or estate planning it is always best to consult your attorney and tax consultant.

 

 

 

Using securities to make a gift provides flexibility that may make giving easier and more to your advantage.

-A gift of marketable low-yield securities has little or no impact on your current income.
-Financial securities can be used to fund both outright and deferred gifts. 
-BPPA gives your gift credit for the full current value of the gift.

When you make a gift of long-term appreciated securities, you maximize the gift to the Brooklyn Prep Alumni Association and enhance your tax advantages at the same time. When making a gift of long-term appreciated securities, be sure to transfer ownership of the securities to BPAA and not sell the securities on your own. This protects you from the capital gains tax on any appreciation.

For example, if you were to sell long-term appreciated securities, you would be liable for the federal capital gains tax, currently as much as 15% of the difference between the current value of the security and your cost (and possibly state capital gains tax as well). However, by transferring ownership of long-term appreciated securities to BPAA, you avoid capital gains tax on the appreciation. On outright gifts of securities, you will owe no capital gains tax.

When you transfer long-term appreciated securities to BPAA, you receive credit for the full current value of the gift.

For outright gifts, you receive a current income tax charitable deduction of 100% of the current value of the gift, subject to certain limitations, assuming you have held the securities for at least one year and a day. For deferred gifts, the deduction is the present value of the future gift, calculated according to IRS formulas.

Securities can be transferred to BPAA three ways: electronically, by mail, and by re-registration in BPAA's name. Your date of gift is the date of transfer: the date your broker transfers shares, the date you mail certificates, or the date re-registration is complete on the corporation's books.

If you have any questions regarding the gifting of securities please contact BPAA Board member Michael Comerford for assistance in any of these matters at:

Comerford & Dougherty, LLP
516-248-4817
This email address is being protected from spambots. You need JavaScript enabled to view it.

Reminder to donors: the IRS may require you to complete form 8283A for a gift of securities. Please consult your tax advisor regarding your personal situation.

Whenever making important decisions regarding charitable giving or estate planning it is always best to consult your attorney and tax consultant.

The Pension Protection Act of 2006 has recently been extended. The Act allows individuals of 70 1/2 and older to make charitable contributions by drawing funds from their traditional or Roth IRAs entirely tax-free. The charitable gift from your IRA will satisfy all or part of your required IRA distribution requirements.

If this option appears to make sense for your personal tax situation we would advise that you consult your tax consultant before moving ahead.

If you have any questions please contact BPAA Board member Michael Comerford '72 who specializes in Trusts & Estates for assistance in any of these matters.
Comerford & Dougherty, LLP
516-248-4817
mcomerford @mcmdlaw.com

Whenever making important decisions regarding charitable giving or estate planning it is always best to consult your attorney and tax consultant.

Thank you for your interest in gifts of life insurance to benefit the Brooklyn Prep Alumni Association.

If you have made BPAA the beneficiary of a life insurance policy, please make us aware of your generous decision. Be aware that a life insurance policy can have several beneficiaries. The insurance company can send you a "Change of Beneficiary" form so that adding beneficiaries, including charitable beneficiaries, is not complicated. Please know that a life insurance policy that provides benefits upon your demise cannot be considered a current gift to the Brooklyn Prep Alumni Association.

Wealth Replacement, where the donor uses payments from a Charitable Gift Annuity or Charitable Remainder Trust to pay premiums on a life insurance policy that will benefit the donor’s heirs, is an interesting tool that helps Alumni make a gift to BPAA while protecting their heirs at the same time.

If you have any questions please contact BPAA Board member Michael Comerford '72 who specializes in Trusts & Estates for assistance in any of these matters.

Comerford & Dougherty LLP

516-248-4817

This email address is being protected from spambots. You need JavaScript enabled to view it.  

Whenever making important decisions regarding charitable giving or estate planning it is always best to consult your attorney and tax consultant.

 


Latest Alumni News
BPAA 18th Annual Golf Outing - Thursday, September 19th
July 28, 2019, 12:32PM

The BPAA Golf Outing, now in its 18th year is held at the Knollwood Country Club in Elmsford, NY. This year's Outing will be on Thursday, September 19th, 2019, please make plans now to gather your foursomes and join us for a wonderful day. If you can't get a foursome together please let Gene make arrangements for you to join a group. The Outing begins with a wonderful lunch on the patio, then 18 holes of golf followed by an open bar, fabulous dinner, and awards ceremony. In addition, everyone attending will receive a gift with the BP logo and details commemorating the event. If you are not a golfer please come join us for cocktails and dinner ($100.00). Please mark your calendar and join fellow Alumni for a great day on the links. The cost is $325.00 for the entire outing. All profits from the event are donated to the Rev John D. Alexander, SJ Endowment Fund. For further information and tickets please contact - Gene Leyden 71' epleyden@gmail.com

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Jack Raslowsky, the President of Xavier High School, wearing his BP shirt while walking the Camino in Spain.
July 11, 2019, 3:43PM

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Jack Raslowsky and his team at Xavier High School are the BPAA biggest supporters. From hosting our Annual Dinner to providing office space and support for the BPAA administration. We can't thank you enough for your dedication to the BPAA.

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The Class of 1969 - 50th Anniversary - May 9th, 2019
May 15, 2019, 12:34PM

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Pictures From Our 58th Annual Dinner - May 9th, 2019
May 13, 2019, 3:39PM

Please CLICK the link to view some wonderful pictures from our 58th Annual Dinner. Many thanks to Greg McQaig '71 for his tireless efforts over the past decade to memorialize BP events.

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Our Annual Dinner Is Just A Week Away - Thursday, May 9th. Purchase Your Tickets Online Today!
May 1, 2019, 8:03PM

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Our 1966 Alumnus of the Year, Joe Califano '48 former Secretary of Health, Education and Welfare, is interviewed by Father Matt Malone, President of America Media
March 21, 2019, 7:03PM

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Kenny Charles '69 - Jersey Retirement Ceremony at Fordham University
March 2, 2019, 2:52PM

Brian Duffy '68, President of the BPAA, Ken Charles '69, Rich Cummings '69

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Photos from the 2018 BPAA Golf Outing
October 11, 2018, 2:51PM

 

CLICK HERE to view photos of the Golf Outing

 

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Here is the original story from the New York Times on May 30, 1971 announcing the closure of Brooklyn Prep
August 25, 2018, 2:54PM

              Click Here - New York Times - Brooklyn Prep is Closing

 

What does Joseph A. Califano Jr., the former special assistant to President Lyndon B. Johnson, have In common with John Dockery, the Jets' cornerback?

The same thing that Adm. George W. Anderson Jr., chief of naval operations and Ambassador to Portugal in the Kennedy Administration, shares with William Power Maloney, a lawyer for the underworld figure Joseph Bonanno.

All of them, like William Peter Blatty, the novelist who wrote the screenplay for “John Goldfarb Won't You Please Come Home,” and Kenneth H. Browne, who wrote the play “The Brig,” are alumni of Brooklyn Preparatory School.

             Click the link above to read the full story

 

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President Barack Obama and Vice President Joe Biden had lunch at Dog Tag Bakery in Georgetown on Tuesday 8/3. Dog Tag, the Entrepreneurs School for Disabled Veterans, was founded by Our Honorary Alumnus of The Year in 2002, Father Rick Curry SJ.
July 31, 2018, 7:07PMread more...