Annual Giving

You Can Make a Real Difference

One of the easiest ways to support excellence in education is through a gift to the AHN Annual Fund. Student tuition covers only a part of the cost of the Holy Names educational experience. Gifts to the Annual Fund provide critical resources to enhance the educational experiences for all of our young women.

Your unrestricted gift makes a real difference in the everyday student experience . For example, Annual Fund donations help:

Attract and retain highly skilled faculty
Maintain strong faith formation and campus ministry programs
Support our successful college counseling services
Ensure the vitality of AHN’s technology and science programs
Enable innovative curriculum development that attracts quality students

The Annual Fund is conducted over the fiscal year, July 1st to June 30th.

Over its 135 years, Holy Names has developed an enviable reputation for excellence in educating young women. Please think about your important role in continuing this legacy when considering a donation to the Annual Fund.

For more information, contact the AHN Development Office at 518-438-7895 ext. 219 or nritinski@ahns.org.

Matching Gifts

Many companies offer a Matching Gifts program for current and/or retired employees. These companies often match, dollar-for-dollar or more, an employee’s charitable gift to an educational institution. Eligible donors are urged to participate in their company’s Matching Gifts program as it multiplies the value of your gift to Holy Names. Don’t forget to check your spouse’s employer, too.

Academy of the Holy Names' Tax ID # is 14-1514566. Our NYS Exempt Organization ID # is 114443.

CARES Act Information

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27 and effected tax law revisions for 2020 that are intended to promote charitable giving in the wake of the COVID-19 pandemic.

Two of the most significant changes affecting individuals include:

Allowing non-itemizers (taxpayers who claim the standard deduction) to deduct cash contributions to public charities up to $300. The incentive applies to cash contributions made in 2020 and can be claimed on tax forms next year. Any amount you donate in 2020 under $300 can now be added to the standard deduction and, in turn, reduce your taxable income by that amount. This does not include donor advised funds (DAFs) or supporting organizations (SOs).

For example: Were you to donate $100 to AHN, the amount of income taxed by the federal government would be reduced by $100. For someone in the 22% tax bracket, this donation would reduce your tax bill by $22 for 2020 all other things being equal. As such, a $100 donation to AHN would only cost you $78 as the other $22 would have been going to the IRS anyway

Raising the limit on cash contributions to public charities by those who itemize deductions to 100% of adjusted gross income (AGI). The Act raises the existing cap from 60% of adjusted gross income to 100%. This does not include donor advised funds (DAFs) or supporting organizations (SOs).

Were you considering a larger gift to AHN at some point? This one year adjustment to the tax code might be the opportunity you were looking for. It materially increases the amount that is deductible relative to your income providing a nice incentive for philanthropy in 2020.

Similarly, the 10% of taxable income limitation on charitable contribution deductions for corporations is increased to 25% of taxable income for these cash contributions. Any of these contributions by an individual or corporation in excess of the new limit can be carried forward under the normal rules.

We encourage our donors to consult with their professional advisors as to how the CARES Act provisions might impact their individual tax planning.

If you have any questions, please contact Nora Ritinski, Director of Institutional Advancement at nritinski@ahns.org.

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