The Legacy Circle

Cristo Rey Jesuit High School transforms the lives of students and their families. Equipped with the knowledge, experience, values and confidence to pursue their dreams, Cristo Rey Jesuit graduates will assume civic and business leadership roles helping to improve Baltimore City and the lives of others. 

A planned gift to Cristo Rey Jesuit is a legacy. By including Cristo Rey Jesuit in your financial planning, you will make a student’s dreams come true. In addition, you will be forever recognized as a member of Cristo Rey Jesuit’s Legacy Circle.

We are happy to work with you and your financial advisor to find the planned gift vehicle that will help you accomplish your goals and support students to achieve their dreams. Contact Jessica Favret , director of development, for more information at (410) 727-3255, extension 1006, or jfavret@cristoreybalt.org.

Bequests

This is the most popular planned giving option as there is no limit on the amount of an estate tax deduction and you will preserve your assets during your lifetime. You and your lawyer can discuss the following types of bequests:

Specific: Allocate a set dollar amount to Cristo Rey Jesuit. 

Sample language: “I bequeath the sum of $__________ to Cristo Rey Jesuit High School, Inc. Baltimore, Maryland for its general purposes.”

Residual: Designate Cristo Rey Jesuit to receive all or a portion of your remaining estate after all specific bequests are made.

Sample language: “I bequeath my residuary estate to Cristo Rey Jesuit High School, Inc., Baltimore, Maryland for its general purposes.”

Contingent: Make Cristo Rey Jesuit the beneficiary contingent on factors that you outline in your will.

Sample language: "If none of my descendants are living at the time of my death, I give my residuary estate to Cristo Rey Jesuit High School, Inc., Baltimore, Maryland, for its general purposes."

Retirement plan/Life insurance policy

Avoid income tax on retirement plan assets by naming Cristo Rey Jesuit as the beneficiary of your retirement plan.  Receive a charitable deduction by donating your paid life insurance policy to Cristo Rey Jesuit or name the school as the beneficiary of your life insurance policy.

Charitable remainder trust

Receive a charitable deduction and retain income by setting up an irrevocable trust and naming Cristo Rey Jesuit High School as the trustee. The school will then provide you with earnings from the interest for the length of the agreement at which time the principal goes to the school to prepare Baltimore City students for success in college, work and life.

Charitable lead trust

Reduce estate taxes by setting up a lead trust. Cristo Rey Jesuit will receive payments from the interest for the length of the agreement at which time the principal will be transferred to your heirs.

Real estate 

Avoid a capital gains tax and receive an income tax deduction by making a gift of real estate.

Frequently asked questions

How do I know which planned gift vehicle is right for me?

Cristo Rey Jesuit staff is always available to help you determine the best planned gift vehicle for you.  However, it is also smart to contact your financial advisor to determine your financial goals.  Ponder these types of questions with your advisor:  Do you want to avoid estate taxes, capital gains taxes or income taxes? Are you in need of a significant tax deduction now? Do you need to retain income from your gift?

How do I make a planned gift?

Typically a financial advisor and or lawyer will help you negotiate the planned gift details and create a document to formalize the commitment.  Cristo Rey Jesuit staff will facilitate the process.  Cristo Rey Jesuit board and administration will review and approve the agreement if it is in the best interest of the school.

How will my gift be recognized?

You will be forever listed in the Legacy Circle in publications.