Charitable Giving to Monsignor Farrell High School

There are many ways to make a gift to Monsignor Farrell High School, all of which have a positive tax impact on the donor/grantor. While every donor/grantor should seek professional tax advice as to the extent of the positive tax treatment he/she would reap as a result of making a gift to Monsignor Farrell High School the tax code is clearly supportive to both donors and charitable institutions.

The following are general giving categories by which you can make a gift to Monsignor Farrell High School. For more detailed information please contact John Cusick '88, Director of Institutional Advancement, at 718-987-2900 ext.265.

Cash Gifts:

Include checks or money orders


You can receive a deduction for the full market value of appreciated stocks if you have owned them for more than twelve months - for up to 30% of your adjusted gross income.

On Line Gifts:

Gifts can be made with credit cards

Corporate Matching Gifts:

Check with your company to determine if they have a Matching Gift Program. This type of program can effectively double the value of your gift.


There are a number of different types of trusts available by which you can make a charitable donation to the school. These include a Charitable Remainder Annuity Trust; Charitable Remainder Unitrust: Charitable Lead Trust      

Charitable IRA Rollover:

Taxpayers age 70 1/2 and older can make tax free donations up to $100,000 per year to charitable institutions from traditional IRA’s and Roth IRA’s.

Real Estate:

Donors who make an outright gift of real estate that they have held for at  least twelve  months can receive a tax deduction of up 30% of his/her adjusted gross income. The remaining value of the deduction can be carried over and deducted over the next five years. 


A simple way of giving is to name Farrell in your will for either a specific dollar amount or as a percentage of your estate.

Retained Life Estate:

You can deed your home to the school while continuing to use the property for the rest of your life. 

Deferred Gift Annuity:

You can transfer cash or securities to Farrell from which you are paid fixed annuity payments for life.

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