Donations to Academy of the Holy Names are so important because AHN does not receive financial support from the local tax base or from state government.  Everything we do at AHN depends on income from tuition and the generous donations from alumnae, parents, parents of alumnae, corporate donors, and friends.

Donations bridge the gap between tuition and expenses related to delivering an AHN educational experience that nurtures our students' intelligence, passion, and purpose as they realize their potential. Tuition only covers only 74% of the cost for educating a student; so when you give to AHN, you are providing support for the extra margin of excellence that makes Holy Names special.

Over its 137 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 school.

List of 2 members.

  • Photo of Nora Loughney Ritinski '05

    Nora Loughney Ritinski '05 

    Director of Institutional Advancement
    518.438.7895 x 219
  • Photo of Elizabeth McGarry

    Elizabeth McGarry 

    Assistant Director of Advancement and Alumnae Relations
    518-438-7895 x603

Click Below to Learn More on Various Ways to Give

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 Dianne McKnight from Hugh Johnson at 518-641-6858 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.
    When wiring cash, please use the following information:
    • Wire to: JP Morgan Chase Bank, New York, NY
    • ABA Number:   021000021
    • For credit to:     National Financial Services, LLP, Account #066196-221
    Contact Nora Ritinski, Director of Institutional Advancement, at 518-438-7895 ext. 219 or nritinski@ahns.org to notify her that 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.
  • 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. 

    For 2021, the ability to deduct up to 100% of an individual's AGI for cash charitable contributions effectively provides similar benefits to a QCD for individuals older than 59½.  The individual can take a cash distribution from the IRA, individually contribute the cash to charity, and the contribution will completely offset tax attributable to the distribution with charitable deduction in an amount up to 100 percent of their AGI for the tax year. 

    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 2021. 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.
The CARES Act continues into 2021!
Time is running out to take advantage of the CARES Act!
 
The Coronavirus Aid, Relief and Economic Security (CARES) Act was created to encourage charitable giving in 2020, and has been extended into 2021. The CARES Act allows individual non-itemizers (taxpayers who claim the standard deduction) to deduct cash contributions to public charities up to $300 for tax year 2020. New in 2021 is an additional deduction for those filing jointly. Joint filers (who aren’t itemizing) will be allowed to deduct cash contributions to public charities up to $600 this year and the $300 "above the line" deduction remains available for individual filers. 
For individuals that itemize deductions, the CARES Act provides that an individual can elect to deduct up to 100 percent of their Adjusted Gross Income (AGI) for cash charitable contributions. If you are planning to make a large cash donation individually (i.e. not from a Foundation or Donor Advised Fund), the CARES ACT provides a tax planning opportunity and is available
for 2021 contributions.  

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