A legacy gift enables you to support Fordham Prep , secure the financial needs of your loved ones, and provides you with tax benefits. Legacy gifts of all sizes help create scholarships and build our endowment, benefit curriculum enhancements, faculty development, global education, athletics, visual and performing arts, technology, and our mission and service programs.
By including Fordham Prep in your will or trust, naming the school as a beneficiary of all or part of a life insurance policy, or taking advantage of other giving opportunities, you can preserve your assets now and support the Prep for years to come. Your gift will have a real, lasting impact.
To learn more, we encourage you to explore the gift opportunities on the following pages. We are happy to assist you in any way we can as you prayerfully consider if one of these options is right for you.
Since it was established in 1984 and renamed the The Shea-McDonough Legacy Society in 2019, we have welcomed and recognized alumni, parents, friends and other benefactors, who have invested in the Prep as they have their own families. Their gifts -- both modest and large -- have played a critical role in advancing Fordham Prep 's mission to educate young men in faith, scholarship and service to become "men for others."
Named in honor of longtime Prep faculty members and revered teachers, Rev. Arthur V. Shea, SJ and Harry L. McDonough, membership in the Society ensures that your legacy includes a meaningful contribution toward Fordham Prep 's long-term stability. All donors who inform us that the Prep is part of their estate plans, which may include a bequest and/or charitable income gifts, such as charitable gift annuities, charitable remainder unitrusts, charitable remainder annuity trusts, or gifts of life insurance, become members of the The Shea-McDonough Legacy Society .
Your membership involves no obligations or solicitations, but does allow us to thank and recognize you throughout the year. It is our hope that your foresight will also inspire the generosity of others.
Following is a list of the alumni, parents and friends, living and deceased, who are members of the Shea-McDonough Legacy Society.
Through a provision in your written and executed will, you can make a gift in the form of cash, securities, real estate or personal property. There are many types of bequests. Choose the one that best fits your needs and intentions.
Naming Fordham Prep as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh, profit-sharing pension plan or other donor-advised funds, will accomplish a charitable goal while realizing significant tax savings.
You can turn underperforming assets (stock, cash in a savings account, CDs, savings bonds, etc.) into a gift to the Prep that provides income to you. Your Charitable Gift Annuity will give you quarterly, fixed payments for life and tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you'll receive charitable deductions at full, fair market value while reducing capital gains impact.
If you're 72 or older, you can make a gift directly from your IRA to the Prep. While there is no charitable deduction for a rollover gift, you do avoid the income tax on the donated portion of your required minimum distribution.
Like stock, the fair market value of gifts of appreciated assets such as real estate, artwork, and other well curated collections, can be deducted from your income tax today and reduce your estate taxes in the future.
There are many giving options available to you, such as naming Fordham Prep as a beneficiary in your will and charitable gift annuities that provide steady income for you and your family during your lifetime. Below you will find the information you need to make a gift to Fordham Prep. For assistance, or to document your gift, please find our contact info below, or submit this form.