Please take a moment to prayerfully consider the various ways to support Mercy through a planned gift. Your financial advisor may be able assist you with the best planned gift for your financial position.
William and Catherine Callaghan Legacy Society
Alumnae, parents and friends who remember Mercy High School in their wills and estate plans are welcomed into the William and Catherine Callaghan Legacy Society. Catherine McAuley, foundress of the Sisters of Mercy, was orphaned in 1798 and later invited to live in the home of family friends, William and Catherine Callaghan as a companion to Mrs. Callaghan until Mrs. Callaghan's passing in 1819. Upon his death in 1822, Mr. Callaghan bequeathed his entire estate to Catherine. This sizable inheritance allowed Catherine the means necessary to purchase the "House on Baggot Street" that eventually led to the founding of the Sisters of Mercy.
We acknowledge our Callaghan Legacy Society members with a small gift from the school. We will also make note of our members’ generosity in publications such as our MOSAIC magazine and Annual Report. Of course, donors have the option of remaining anonymous if desired.
Giving through a bequest allows you to maintain your assets throughout your life and support Mercy High School in the future. If you would like to support the education of young women at Mercy High School after your lifetime through a bequest, please ask your estate planning attorney to add this suggested wording to your will or living trust:
“I give to Mercy High School, Farmington Hills, Michigan, the sum of $_________ or _________ percent, residue and remainder of my estate for its general purposes.”
Your bequest may be restricted to a specific purpose, or perhaps you wish to memorialize a family member by establishing a fund to provide tuition assistance or support for a particular Mercy program. Please discuss your desires with us so that we can assist you in drafting sample endowment language and naming opportunities.
IRA Charitable Rollover
If you are 70 ½ or older, you may consider the gift of an IRA charitable rollover. Rather than withdraw monies from your IRA and incur both income and capital gains tax, you may transfer up to $100,000 from your IRA to our school and not be subject to deduction limits on charitable gifts. After age 72, your "required minimum distribution" or a portion, may be directed to Mercy High School. All you need to do is contact your IRA plan administrator to make a gift from your IRA to our school. The rules applicable to Qualified Charitable Distribution are very specific, please consult your tax advisor.