Mailing a personal check
is the most common method of giving to SHP. Simply make checks payable to "Seton Hall Prep" and mail to: The Advancement Office, Seton Hall Prep, 120 Northfield Avenue, West Orange, NJ 07052. You can also print The SHP Giving Form
to complete and accompany your check. School President, Monsignor Kelly, will follow up with a thank you letter shortly thereafter.Making an online gift
using your credit card is safe, quick and easy! Click here to Make an Online Gift
and strengthen The Prep Today! Your gift will be credited and acknowledged immediately by e-mail, and then Monsignor Kelly will send you a thank you letter shortly thereafter.Donating stocks or other securities
may offer you special tax advantages. A charitable contribution of long-term appreciated securities; i.e. stocks, bonds and/or mutual funds that have realized significant appreciation over time is one of the most tax-efficient of all ways to give to The Prep! This method of giving has become increasingly popular in recent years because of two key advantages:
- Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago, and have a current value greater than their original cost) may be donated to The Prep and a tax deduction taken for the full fair market value of the securities up to 30% of the donor's adjusted gross income.
- Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the tax savings will be.
The easiest way to transfer securities to Seton Hall Prep is broker to broker. If your stock is held by a broker, notify him or her that you wish to make a gift of securities to Seton Hall Prep. Your broker will need written authorization from you before the transfer is made. Be sure to provide the name of the stock that you want to transfer, the number of shares, and indicate that you would like your gift to be designated to Seton Hall Prep. Once you have authorized the transfer, ask your broker to contact Seton Hall Prep's broker:
1040 Broad Street, Suite 301
Shrewsbury, NJ 07702
888.231.7226, DTC# 793, SHP Account # 5207-9671
When making a gift of stock, please also notify The Prep's Advancement Office of the name of the security that is being transferred. Simply call or e-mail Mrs. Judy Gunn at firstname.lastname@example.org
or at (973) 325-6633.
Using your Required Minimum Distribution (RMD) from an IRA to make a Qualified Charitable Contribution (QCD)
If you are over 70 ½ and thus must make a Required Minimum Distribution (RMD) from your IRA this year, you may want to consider using your forced distribution to make a gift to The Prep instead of paying the otherwise due federal taxes on it. Many alumni use this now permanent law to their advantage by reducing their Adjusted Gross Income (AGI) which could reduce the cost for Medicare and prescription drug coverage. So you can help The Prep and even minimize your tax exposure. Please consult with your financial planner. You can help The Prep and even save money for yourself! Click here
to learn more and to see an example of how this works.