List of 6 items.

• AHN Tax ID #

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

• Stock and Securities

  Did you know AHN accepts gifts of stock? Giving appreciated securities that you have owned for more than one year is one of the most tax-advantaged ways to give and reduce your capital gains tax while supporting Holy Names before year-end. Benefits include:
  

  • You claim a tax deduction for the full market value of the securities (up to applicable AGI limitations)
  • You avoid capital gains tax on the appreciation
  • You have an immediate impact at AHN and AHN will sell the securities without being subject to any capital gains tax
  • Read more here about the benefits from Fidelity

  When making a gift of marketable stocks and securities, be sure to transfer ownership to Academy of the Holy Names.  Do not sell the stock or securities on your own.  This protects you from the capital gains on any appreciation.
  
  Please consult your tax professional to see if this is an appropriate strategy for you. Your financial adviser will be very familiar with this process. Instruct your broker to make the transfer to the Academy of the Holy Names account with Fidelity. All of the information you will need to make a donation of stock to Holy Names can be found below:
  

  • Fidelity DTC # is 0226  (it may show up as National Financial Services
  • Contact Michelle Davidoff of Graypoint, LLC at (518) 641-6333  for the account number that you have chosen to direct your gift of stock to. If you are unsure about what account number to use, please call our office at 518-438-7895 ext. 219 (Nora Ritinski) to assist you.

  Please make sure to notify Nora if you have made a gift of stock to the school. This step is very important so that Holy Names is aware of your gift and can process and acknowledge it in a timely manner.
  
  If you would like to wire cash, please contact Nora Loughney Ritinski '05 for further instructions at 518-438-7895 ext. 219 or nritinski@ahns.org.

• Donor Advised Funds

  If you have a donor-advised fund (DAF), you know it is a unique giving tool. At any time, you can recommend a distribution to us. Your gift comes from funds you have already set aside for charitable purposes; so, there is no impact on your current budget. Please let us know if you are considering a distribution from your donor-advised fund.

• Gifts from Retirement Funds

  Charitable contributions using retirement assets also provide a tax planning opportunity during an individual's lifetime, assuming the donor does not need to rely on said retirement assets in the future. 
  
  

  Qualified Charitable Distributions (QCD) are available for individuals over 70½ years old to donate up to $100,000 in IRA assets directly from the financial institution to the charity annually, without taking the distribution into taxable income.  Consider making a QCD from your IRA to satisfy all or a portion of your required minimum distribution (RMD) by making a gift to Holy Names. Don't forget, your QCD and RMDs have to be completed before year-end so make sure to consult with your financial advisor to determine the correct procedure to accomplish the gift. 
  
  

  As always, we recommend you consult with your financial planner/tax advisor before initiating any contributions relating to retirement assets or in relation to tax planning for 2022 or 2023. Your advisors will need to ensure that documentation is properly executed with your financial institution, the charitable contributions are in agreement with your overall financial planning and the contributions are reflected correctly on your tax return next year.  Any references to tax deductions are applicable only to federal income tax and your tax advisor should be consulted as to applicability to state income taxes.

• IRA Distributions

  In most cases, donors with individual retirement accounts must begin making withdrawals at a certain age and are subject to income tax. But the U.S. tax laws now permit donors to make charitable withdrawals from their IRAs of up to $100,000 per year starting at the age of 70 ½. If the donor transfers the IRA proceeds directly to a charity, the donor is relieved of any tax liability on the withdrawal. Speak to your financial advisor about this option. Consider making a QCD from your IRA to satisfy all or a portion of your required minimum distribution (RMD) by making a gift to Holy Names. Don't forget, your QCD and RMDs have to be completed before year-end so make sure to consult with your financial advisor to determine the correct procedure to accomplish the gift.

  
  We encourage our donors to consult with their professional advisors on the options above. If you have any additional questions, please contact Nora Ritinski in the Advancement Office.

• 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.