The Annual Fund

 

Brother Rice High School relies on gifts of all sizes to advance the mission of Blessed Edmund Rice.  Each year, gifts from benefactors of Brother Rice High School help students take advantage of all that a Christian Brothers education has to offer.  The Brother Rice Annual Fund is our annual appeal for contributions from alumni, parents of alumni, grandparents, parents, staff and friends of Brother Rice to help defray the costs of a Catholic education that tuition revenue alone does not cover.  Gifts to the Annual Fund allow the Brother Rice Leadership to prioritize the areas of greatest student need while supporting our mission in all areas including religious activities, curricular enhancements, technology upgrades, campus improvements and tuition assistance.  Every gift counts!

 

 

FAQ

 

 

Why does Brother Rice need me to give every year?  

Your annual gift to Brother Rice provides strength and stability by providing vital resources that shape the excellence in education and Warrior experience on our campus.  Tuition and Endowment Funds alone do not cover the operating cost of Brother Rice.

 

Why not raise tuition to cover the full cost of expenses?

We do not want the expense of tuition to prohibit qualified students from attending our school.  It is especially important to our mission that tuition remains affordable in order to serve all families choosing a Catholic education.  Currently, tuition and Endowment funds only covers approximately 80% of the cost of a Brother Rice education.  The Annual Fund, and gifts like yours, make up the difference.

 

Can I direct my gift to an area of special interest? 

Of course.  Your gift matters to us and we want to support what matters to you. You can restrict your gift to the priority areas listed below, or contact the Advancement Department to discuss your area of passion.

• Academic Programs

• Athletic Facilities and Programs

• Capital Improvements

• Tuition Assistance Program

• Scholarship Funds – Named or general

• Unrestricted – The area of greatest need

 

Is 100% participation important?

Yes! Even a $5.00 gift can help increase our alumni and family participation percentage.  Before outside funding sources, such as foundations, will consider donating their dollars, they want to know that the Brother Rice Alumni and Community are supporters as well.  With the increasingly competitive market in our area, a high percentage of alumni and family participation is extremely important.  For that reason, EVERY GIFT COUNTS!

 

When is the best time to make a gift?

It is always a good time to give to the Annual Fund.  The Brother Rice fiscal year runs from July 1 – June 30th annually and all donations in the fiscal year will be recognized in our Honor Roll of Investors.

 

If I contribute early in the year, will I still receive other mailings?

Yes, each of our mailings includes important Brother Rice information that you may not find through other sources.  Additionally, many of our supporters make more than one gift in a year.

 

What are matching gifts?

Many companies allow employees to increase the impact of their charitable contributions through a company sponsored Matching Gift Program.  You can maximize your charitable gifts to Brother Rice in one of the following ways:

• Obtain a Matching Gift Form from your employer and mail to Brother Rice with your donation.

• Utilize the matching gift service provided on your company website.

• Provide your company with an acknowledgment from Brother

Rice that you made a gift.

The Brother Rice High School Tax ID number is 38-1647300

 

Can you explain Giving Circles?

It is our hope that all stakeholders in the success of Brother Rice High School prayerfully discern a meaningful amount to donate.  We hope that our alumni and families will choose to make Brother Rice their philanthropic priority.  Giving Circles recognize donors for their combined annual gifts through the Annual Fund and our events.  Donors who support Brother Rice with annual gifts at the Principal’s Circle level and above are invited to the President’s and Principal’s Reception each fall. 

• Edmund Rice Circle: Gifts of $25,000 and above

• Founder’s Circle: Gifts from $10,000 to $24,999

• Christian Brothers Circle: Gifts from $5,000 to $9,999

• President’s Circle: Gifts from $2,500 to $4,999

• Principal’s Circle: Gifts from $1000 to $2,499

• Warriors’ Circle: Gifts from $500 to $999

• Orange & Black Circle: Gifts from $250 to $499

• Band of Brothers Circle: Gifts up to $249

 

We always welcome the opportunity to speak with you personally.  You can reach members of the Advancement Department at 248-833-2010, or you can email Advancement@brrice.edu.

 

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 Circles

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

  • Edmund Rice Circle:  Named after our founder, The Blessed Edmund Ignatius Rice and honors donors making gifts of $25,000 and above.
  • Founder’s Circle: 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.
  • Christian Brothers Circle: 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 Circle: Honors those making gifts from $1,000 to $2,499
  • Warriors Circle: Honors those making gifts from $500 to $999
  • Orange & Black Circle: Honors those making gifts from $250 to $499
  • Band of Brothers Circle: Honors those making gifts up to $249