Long-Term Support


CHARITABLE GIFT PLANNING
Planned or deferred gifts are recognized through The Trumpet Society.

The St. Michael's Advancement Office can be a resource for your gift planning by providing general information on estate planning and tax and income benefits for a variety of planned gifts. A tax advisor is your best source for designing a giving plan to benefit St. Michael's Catholic Academy.

THE TRUMPET SOCIETY
The Trumpet Society recognizes individuals who have named St. Michael's Catholic Academy in their wills or who provide for the future growth and financial stability of our institution through planned giving. By sending us written notification that St. Michael's is part of your estate planning, you will become a member. Please contact Leah Esparza Director of Advancement at (512) 328-7643 for additional information on long-term giving.

BEQUESTS
Bequests can often be a way to reduce estate taxes and can be a percentage of the estate, the residual of the estate, a specific dollar amount, or an item.

CHARITABLE GIFT ANNUITIES
A charitable gift annuity is a contract between a donor and St. Michael's, whereby the donor transfers cash or property to St. Michael's in exchange for a partial tax deduction and a lifetime stream of annual income from St. Michael's. The amount of income is determined by a variety of factors. If you would like more information regarding this form of planned giving, please contact the Advancement Office.

The Funding Model

Tuition + Donations = Cost of a St. Gabriel's and St. Michael’s Education

As an Independent Catholic school, St. Gabriel's and St. Michael’s is financially independent of the Diocese of Austin and operates as a 501 c 3 non-profit organization.

We use a financial model that combines tuition and charitable donations to balance the school’s operating budget. Used by many of the United States' most successful Independent schools, this model designates that 80-90% of operating costs are covered by tuition and fFees and the remaining 10-20% of operating costs are covered by donations.

This funding model allows:
  • St. Gabriel's and St. Michael’s to maintain a healthy enrollment by keeping tuition as low as possible
  • Enables families to receive a tax deduction for a portion of the cost of their child’s education
 

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