Whichever method of giving you choose, your support of Prep’s Annual Fund or other funds will make the life-changing experience of a Jesuit education possible for today’s students and their families. Here is a guide to some of your giving options.
Cash Donations
Most donors choose to make an outright gift, either online (click here!) or by mail. Gifts are also accepted via Venmo (@SaintPetersPrep).
Checks payable to Saint Peter’s Prep may be mailed to:
Saint Peter’s Prep
Office of Institutional Advancement
144 Grand Street
Jersey City, NJ 07302
Cryptocurrency Donations
Yes, your cryptocurrency donation is tax deductible! Saint Peter’s Prep offers supporters who want to donate cryptocurrency to charity the ability to give in a tax-efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified bitcoin as property for tax purposes. This means that when someone donates bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like Saint Peter’s Prep, donors do not have to pay capital gains tax and it is tax-deductible if you provide your email address.
*Please consult your tax advisor. You can donate anonymously but you will not receive a tax receipt.
Donating cryptocurrency to Saint Peter’s Prep is easy. Just click on this donation button and it will take you through our secure online cryptocurrency donation form
Stocks & Securities
If you donate appreciated securities to Saint Peter’s Prep, you can earn two tax benefits: as with a cash donation, you will qualify for a charitable deduction on your income tax, and you will also save on capital gains tax.
Please follow the instructions below in order to complete any gifts of stocks or other marketable securities:
- Instruct your broker to contact Prep’s broker to execute the transfer:
Mr. Patrick Giblin, ’93
UBS Financial Services
109 North Avenue West, Westfield, NJ
PHONE: 908-789-3169 - Prep’s Account is WD09173 and our DTC Number is 0221.
- Prep’s EIN is 22-1527060
Gifts of Real Estate
When you make a gift of property to Saint Peter’s Prep, you may claim an income-tax charitable deduction based on the full market value of the gift, avoid capital gains taxes, and eliminate certain costs associated with the transfer of real property. Gifts of real estate can also provide you with long-term income. For more information, please contact the Advancement Office.
Gifts in Kind
You may wish to give Saint Peter’s a non-monetary gift. Prep receives a wide variety of such gifts, including new or used electronic devices, automobiles, office equipment and other items. For more information, please contact the Advancement Office.
IRA Rollover
If you are 70 ½ years or older, consider a gift directly from your IRA. The IRA Charitable Rollover allows direct transfers from your IRA to without reporting the distribution as adjusted gross income on your tax return. Plus, the rollover counts toward your IRA’s Required Minimum Distribution for the 2018 tax year. For more information about this option, consult your IRA advisor, or contact the Advancement Office.
Planned Giving
Planned gifts are gift arrangements that have specific tax advantages and often include lifetime income to a beneficiary or beneficiaries named by the donor. Several Prep donors have utilized planned giving methods and are enjoying the benefits today, including capital gains tax savings, increased income, and income tax savings. A planned gift maximizes your giving potential and can even allow you to ensure your future financial security or that of a loved one. Please click here for further information on planned and estate gifts.
Matching Gifts
Your gift to Prep will have an immediate effect on the lives of our students and teachers. And if your employer – or your spouse’s – offers a matching gift program, that effect could be even greater! Please click here to learn whether your employer matches gifts to Prep.