There are many ways to make a gift to Mount St. Mary’s Seminary. You can support the preparation of future priests through an outright gift, a life-income gift arrangement, or a bequest. You can make your gift in the form of cash or securities, personal property, or real estate.

Please consider joining the tradition of philanthropy that has made Mount St. Mary’s Seminary a leader in preparing men for the Roman Catholic diocesan priesthood for nearly 200 years.

Gifts of Cash
Many gifts to Mount St. Mary’s Seminary are in the form of cash. Cash gifts are deductible for federal income-tax purposes.

Cash gifts may be pledged for payment over a period of years. To be officially recorded, pledges should be made either in writing or by means of a pledge card, which we are pleased to provide. Many donors to Mount St. Mary’s Seminary make outright gifts in the form of appreciated securities rather than cash in order to benefit from extra tax advantages.

If you itemize, you are entitled to a charitable income-tax deduction for the full value of your gift, provided you have owned the securities for more than twelve months. You avoid paying tax on capital gains that you would owe if you sold the securities.

Gifts of securities are deductible for federal income tax purposes.

Gifts of Personal Property
Personal property may, in some circumstances, be an appropriate way to make a gift to Mount St. Mary’s Seminary. Personal property can include valuable collections, works of art, and other forms of tangible personal property. By donating such items during your lifetime rather than at death, you not only reduce your taxable estate, you also reduce your taxable income in the year of the gift.

Gifts that Provide Income
You may wish to make a substantial gift to Mount St. Mary’s Seminary but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift while retaining an income for your lifetime. The benefits to you, the donor, vary, but all of these arrangements have the following attractive features:

• Income for life paid to you and/or another beneficiary, such as a family member
• Increased income if a gift is made to a life-income plan that produces a higher yield than the donated asset
• An immediate federal income-tax deduction for a portion of the value of the gift
• Elimination of capital gains tax at the time of transfer if the asset contributed is in the form of securities that have appreciated in value

Gifts of real estate
In certain circumstances, real estate may be an appropriate gift to Mount St. Mary’s Seminary. For further information, contact us.

Gifts through bequests
Mount St. Mary’s Seminary has been the recipient of bequests, both large and small from many alumni and friends over the years. These donors felt they needed their capital during their lifetimes, but found it possible to make a gift that would forever associate them with Mount St. Mary’s Seminary. These bequests, no matter how modest, have been welcome and important to Mount St. Mary’s Seminary. For a sample of bequest language, click here.

How to direct your gifts to Mount St. Mary’s Seminary
The Office of Seminary Development aims to increase philanthropic support for Mount St. Mary’s Seminary by encouraging alumni, friends, and parents to consider a range of giving opportunities. We are always available to help you establish a personal legacy at the Seminary by working with you and your advisors to determine a plan that suits your interests and goals.

Mount St. Mary’s Seminary is a charitable, tax-exempt corporation. Gifts are deductible for federal income-tax purposes.

Please note that the information provided herein is not intended to be legal or financial planning advice. Donors are advised to consult their own attorney or financial advisor.