Ways to Give

Leaving a Bequest to the Brooklyn Prep Alumni Association

Below are some suggested ways to provide for the BPAA in your Will:

Unrestricted Bequest of Specific Assets to BPAA. The standard legal wording for this type of bequest is as follows:

"I give, devise and bequeath to Brooklyn Prep Alumni Association, c/o Xavier High School, 30 West 16th Street, New York 10011 - attn: Father Dan Fitzpatrick SJ, the sum of $________ (or property described) for the Rev. John D. Alexander SJ Endowment Fund."

In case your legal advisor should ask for it, Brooklyn Prep Alumni Associations Federal tax identification number is 13-3691657.

Unrestricted Bequest of a Percentage of Your Estate.

This is a good technique for ensuring that the BPAA will receive the desired portion of your eventual estate, no matter how the nature and disposition of your assets might change and grow over the years. If you wish, the residue of your estate can be directed to BPAA after bequests of specific amounts to family members and friends. The appropriate wording would be as follows:

"I give, devise and bequeath (percent) of the rest, residue and remainder of my estate to Brooklyn Prep Alumni Association, c/o Xavier High School, 30 West 16th Street, New York 10011 - attn: Father Dan Fitzpatrick SJ, for the Rev. John D. Alexander SJ Endowment Fund.

Informative Bequest Brochure

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

[email protected]

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

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’s 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.