REGIS

Summer 2004 5
Planned Giving at Regis
Jim Buggy
VP of Development
After surviving a spectacularly miserable
season of winter weather in the New York
area, I write about some goods news and renewed opportunities. The
good news is that alumni, alumni parents and friends of Regis are
generously supporting the 2003/2004 Annual Fund. As of April 30,
2004, the fund is performing ahead of last year’s results. For this, we
again thank you for your generous support.
The renewed opportunity concerns Planned Giving. Planned Giving
has become an increasingly important part of fund raising programs
at all non-profit institutions. As a companion to Annual Fund and
Endowment Campaigns, Planned Giving provides the dual purpose of
providing donors with tax benefits while helping to insure the future
of Regis.
Planned Giving at Regis - in the form of the St. John Francis Regis
Society - has enjoyed significant success over the years. Since 1980,
Regis has received bequests or other Planned Gifts totaling more than
$9.5 million. However, because Planned Giving is not in the forefront
of our thinking and does not have the immediate impact of annual
giving or endowment campaigns, alumni and friends should know that
Regis gratefully accepts Planned Gifts.
In the fall, the Development Office will initiate a marketing program
on behalf of the St. John Francis Regis Society that will outline
various options that will be available to alumni, alumni parents and
friends of the school. In advance of that effort, we want to again share
with you some of the Planned Giving opportunities that are available.
• Gifts by Will: Bequests large and small have contributed to the
financial health of Regis High School over the years. Bequests qualify
for unlimited charitable deduction, which reduces one’s estate taxes
and preserves more of the donor’s assets for family and other extended
beneficiaries.
• Gifts of Real Estate: Gifts can consist of almost any type of property
in appropriate condition. Assets may be given outright, serve as the
corpus of a trust arrangement, or in the case of a personal residence, be
given with the right of lifetime tenancy by the donor and/or spouse.
• Gifts of Closely Held Stock: A donor avoids capital gains on
appreciation of the stock and receives an immediate tax benefit.
Often, gifts such as this are followed by an offer from the corporation
to redeem the stock with its retained earnings.
• Charitable Remainder Trusts: Charitable trusts are particularly
beneficial for those who hold highly appreciated, low-yield
investments from which a higher return is desired. A tax deduction
is allowed at the time a charitable trust is created. The size of the
deduction depends on the donor’s age, payment percentage, and other
factors.
In all cases, prospective donors to Regis and the St. John Francis Regis
Society should consult with their legal and financial representatives to
determine which opportunity best suits their needs.
Of course, you call the Regis Development Office at 212-288-1142
with questions as well.
Leslie Hannafey P ‘03, ‘07
New Annual Fund Director
It is my pleasure to announce that the
new Annual Fund Director is Mrs.
Leslie Hannafey. A little about Leslie:
She received a B.A. in economics and
philosophy from Fordham University
and an MBA from the Harvard University
School of Business Administration.
Leslie spent more than twenty years in the investment banking
industry as a partner at Smith Barney, Drexel Burnham and
Prudential Securities where she raised capital for corporations in
the United States and abroad and was an advisor for merger and
acquisition transactions. She has also been a Board Member and
Treasurer of the Brooklyn Historical Society.
and is married to Stephen Hogan, who is partner at the law firm of
Yeskoo, Hogan and Tamlyn.
Indeed the Annual Fund will be in good hands! Please take a
moment to welcome Leslie to Regis, now in an “official” capacity.
As we welcome Leslie, we also say goodbye to Therese Klay,
who as you know, is leaving Regis for a position as Development
Manager at the United Nations Association of the United States of
America. Therese’s dedicated service to Regis – in many different
ways – will never be forgotten. As the mother of two Regians – Ben
’99 and Phil ‘01, Therese understood the mission and traditions of
Regis and, as result, there could have been no better advocate for
the school, preparing alumni for the challenges that lay ahead.
Leslie is the mother of two Regians, Alex ’03, who recently
completed his freshman year at Williams College, and James ’07,
We wish Therese the greatest success in her new position.