Join us and help us build our annual fund; your gift helps us achieve our annual goals through the power of collective giving. Your unrestricted gift makes a significant difference in the student experience, and allows us to:
- Enable innovative curriculum development and provide the materials and technology needed to support it.
- Ensure the vitality of our Science Research program.
- Support our comprehensive and successful College Counseling program.
- Maintain an active commitment to community service and social justice, and supports our campus ministry programs.
- Provide numerous leadership and co-curricular opportunities to develop well-rounded young women who will become leaders in their communities.
The Annual Fund is conducted over the fiscal year, July 1st to June 30th.
For more information, contact the AHN Advancement Office at 518-438-7895 ext. 219 or nritinski@ahns.org or Elizabeth McGarry at 518-438-7895 ext. 603 or emcgarry@ahns.org.
Other Ways to Give to AHN
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.
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.
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.
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.
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. Please note that the CARES Act waives required minimum distributions in 2021.
We encourage our donors to consult with their professional advisors on the options above. If you have any additional questions, please contact Nora Ritinski or Elizabeth McGarry in the Advancement Office.
We encourage our donors to consult with their professional advisors on the options above. If you have any additional questions, please contact Nora Ritinski or Elizabeth McGarry in the Advancement Office.
In addition to the ways to give above, you can always make a gift online or mail a check to the Advancement Office at 1075 New Scotland Road, Albany, NY 12208.
CARES Act Information
The CARES Act continues into 2021!
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.
If you have any questions, please contact Nora Ritinski, Director of Institutional Advancement at nritinski@ahns.org.
If you have any questions, please contact Nora Ritinski, Director of Institutional Advancement at nritinski@ahns.org.
Gift Ideas 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. The CARES Act did not change the rules around QCDs so these remain an available strategy for those over age 70½.
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.
