SOCIETY

RETIREMENT ACCOUNTS 

Designating Saint Vincent Academy as a beneficiary of all or a part of your qualified retirement plan or IRA is the most tax-efficient way to fund a charitable gift from your estate. 

Contact your plan custodian and he or she will provide you with the beneficiary designation forms to name Saint Vincent Academy as the full or partial beneficiary of your retirement assets. During your lifetime, you will have total control of your retirement assets as the beneficiary designation does not take effect until your death.

BANK ACCOUNTS
Designate your bank account to be payable on death (POD) to Saint Vincent Academy. There is no change in ownership or control of this account while you are living. The POD designation causes whatever funds remain in the account to go to Saint Vincent Academy at your death.

BROKERAGE OR INVESTMENT ACCOUNTS
Designate your brokerage or investment account to be transferable on death (TOD) to Saint Vincent Academy. You can choose to have all the accounts transferred to Saint Vincent Academy or designate percentages to pass to beneficiaries of your choosing. To set up the transfer on death endorsement, contact your investment advisor to provide the instructions.

DONOR-ADVISED FUND
For those donors who have created a Donor-Advised Fund (DAV) and supported us from grants from the DAV, we ask that you consider naming Saint Vincent Academy as the beneficiary of your DAV. Your DAV administrator will provide you with the Beneficiary Designation Form. Once signed, the DAV continues to operate as normal until the fund terminates, at which time the balance in the fund passes to Saint Vincent Academy.

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Please ensure the following information is included with your document:

Legal Name: SAINT VINCENT ACADEMY, INC.
Address: 228 WEST MARKET STREET, NEWARK, NJ 07103
Federal Tax ID Number: 22-1487333

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To ensure proper tracking and identification of the donation, your representative must contact us prior to the gift transaction with the following information: 

• Donor name

• Designation of the gift (if applicable)

• Representative contact Information 

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Please note: the information presented on these pages is not offered as legal or tax advice. You are encouraged to seek the advice of your tax advisor, attorney, and/or financial planner to determine which planned giving option is best for you. 

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