The Annual Fund

Click Here to Give to the Brother Rice Annual Fund

 

The Brother Rice Annual Fund provides the critical dollars used to cover the difference between tuition and the actual cost of educating our students.  It is made up of thousands of operating gifts from our loyal alumni, parents, students, faculty, staff, and friends. In 2012-13, gifts from almost 4000 donors added over $735,000 in expendable operating support. These contributions benefit Brother Rice students, paying for financial aid awards, technology, faculty enhancement, campus ministry and so much more.

Your gift to the Annual Fund makes The Warrior Difference by allowing us to:

  • Ensure that the academic and athletic facilities are first-class
  • Provide tuition assistance to families in need
  • Support the ongoing professional development of our outstanding faculty
  • Provide tools and technology necessary for the advancement of 21st century learning
  • Underwrite the cost of multiple activities essential to the fulfillment of our Catholic mission

FAQ

Can I designate which school or area receives my support?

Yes! The Annual Fund is made up of sixteen school and area annual funds. A single gift can be split among two or more areas. Simply indicate how the gift should be allocated when you make your contribution.

  • Tuition Assistance and Scholarships
  • Faculty Education
  • Faculty Bonuses and Retention
  • Technology
  • Facilities Maintenance
  • STEM (Science, Technology, Engineering, and Mathematics)

How can I increase the impact of my support through a matching gift?

Many companies and foundations will match the value of charitable gifts made by employees and their spouses, board members, and retirees. To find out if a particular company or foundation has a matching gift program, check our database here.

Is it really important to support the Annual Fund every single year?

Yes! In fact, consistent giving is so important that Brother Rice created a giving society to honor its most loyal Annual Fund donors. Donors who have supported the Annual Fund for five or more consecutive years are recognized in our Honor Roll of Investors.

Why should I consider a multi-year pledge?

A multi-year pledge can help you keep track of your giving, cut down on annual solicitations, and ensure that you continue to support the Annual Fund each and every fiscal year. In addition, alumni who make multi-year pledges to the Annual Fund will have the entirety of their commitments counted in their classes’ reunion gift totals.

Ways To Give

Gifts of Cash

Cash gifts are the most common form of contributions. The donor can deduct cash gifts to Brother Rice High School in the year they are donated, generally up to 50% of adjusted gross income. In succeeding years, donors may claim any deductions exceeding the maximum permitted deductions in the year of the gift. Gifts may be made by cash, check, or credit card. Click below to use our on-line donation system:

Transfer of Stock

A gift of stock offers the donor a tax deduction for the value of the gift, plus no capital gains tax on appreciated stock or property. Click here to download a stock transfer form.

Planned Giving

Below are Planned Giving alternatives that are often used as vehicles for charitable donations. If you would like to be added to the mailing list for “Leaving a Legacy,” our planned giving newsletter, please click here.

In addition, the following are Planned Giving alternatives that are often used as vehicles for charitable donations.

Gifts of Appreciated Securities

Securities are especially advantageous because a donor can avoid capital gains tax. If a donor contributes appreciated securities to Brother Rice, capital gains tax can be avoided (on the difference between the price paid and the market value). The donor generally would be required to pay this tax if he/she sold them. A donor may deduct the current market value of a securities gift, generally up to 30% of his/her adjusted gross income. In the succeeding five years, he/she may claim any deductions exceeding the maximum permitted deductions in the year of the gift.

Wills

A will is a legal document that specifies, after death, when and to whom a donor’s assets will be distributed. A statement in a donor’s will specifying his or her financial commitment to the mission and vision of Brother Rice can be arranged to ensure long-term support of the school.

Insurance

Life insurance is a convenient method of contributing to Brother Rice. To qualify, Brother Rice High School would become the owner and beneficiary of a donor’s policy. If the policy is paid up, a charitable contribution is generally the replacement value or cost basis of the policy, whichever is less. Premiums paid on a gift of a life insurance policy also qualify for deductions.

Charitable Gift Annuities

A charitable gift annuity occurs when a donor transfers to Brother Rice a specific sum of cash, securities, or other property. In consideration of this gift, Brother Rice High School would pay to the donor, to the donor’s spouse, or to others a guaranteed fixed annual income for life. The annual income that the school would pay (rate of return) is based upon the rates established and accepted in the formation of the charitable gift annuity.

Charitable Remainder Annuity Trust

A donor during his/her lifetime irrevocably transfers money or securities to a trustee (a bank, an individual, or a charitable organization), who pays the donor for life a fixed dollar amount annually. The trust also can provide income for a donor’s survivor (a spouse) for life or for the lifetime of others. Then the trust assets become the sole property of Brother Rice High School. The donor determines the annual fixed dollar amount which must be at least 5% of the initial value of the assets used to create the trust­.

Charitable Remainder Annuity Unitrust

A donor during his/her lifetime irrevocably transfers money, securities, or both to a trustee (a bank, an individual, or a charitable organization), who pays the donor income for life or for a period determined at the donor’s option, of up to 20 years. The trust can also provide income for a donor’s survivor, a spouse, or others for life. The donor receives payments based on a fixed percentage of the fair market value of the trust assets valued each year (usually Jan. 1). The fixed percentage to be paid must be 5% or greater. The donor may claim a charitable deduction in the year the unitrust is created.

Volunteers

There are plenty of opportunities to donate to Brother Rice and advance the Mission of Blessed Edmund Rice that do not involve money. With our Annual Fund, Major Events (Raffle and Auction) and other activities, the Office of Advancement will find good use for the time and talent of those in our community.

If you are interested in getting involved in Brother Rice’s Support Organizations or other Advancement Activities, please contact the Office of Advancement at (248) 833-2010.

Brother Rice High School is not engaged in rendering legal, accounting, or other professional financial services. If legal advice or other expert assistance is needed, please seek the professional services of an attorney or certified public accountant. If you have any specific questions about the Planned Giving program at Brother Rice, please contact the Advancement Office at 248-833-2010 or advancement@brrice.edu.

Giving Societies

These group are to recognize alumni, parents, corporations, foundations, associations and friends for their support of Brother Rice High School.

  • Edmund Rice Society: Named after our founder, The Blessed Edmund Ignatius Rice and honors donors making gifts of $25,000 and above.
  • Founder’s Society: Named for the Dr. Thomas Hussey, Thomas Grosvenor and Patrick Finn that helped Edmund Found his first school and honors those making gifts of from $10,000 to $24,999.
  • Waterford League: Waterford was Brother Rice’s hometown and site for his first school on New Street. It honors those making gifts from $5,000 to $9,999
  • President’s Circle: Honors those making gifts from $2,500 t0 $4,999
  • Principal’s Club: Honors those making gifts from $1,000 to $2,499
  • Warrior’s Club: Honors those making gifts from $500 to $999
  • Orange & Black Club: Honors those making gifts from $250 to $499
  • Patrons: Honors those making gifts up to $249