Because the Academy is a 100% scholarship school, the support of our benefactors is critical. The Academy is not funded by the Archdiocese of Baltimore or federal, state, and local governments, and must raise nearly $3 million each year to operate.
Ways to Support Our School
Sponsor an Academy Student
Each of our students is sponsored by a generous donor or donors. Sponsors can be individuals, groups of individuals or teams, foundations or corporations whose gift provides their student(s) with an invaluable educational opportunity. Sponsors receive letters during the year from their student and are invited to events where they can visit with their student. To learn more about sponsorship, view the form below or contact Jennifer Summers at 410-783-9279.
View the Student Sponsor form for information on contribution levels and contacts.
Gifts of Securities
Gifts of appreciated securities held for longer than one year enable the donor to receive an income tax charitable deduction for the fair-market value of the securities, while avoiding capital gains tax. Gifts of securities can fund a student sponsorship, establish an endowment fund, or support Academy operations.
J.K. Meek Group at Graystone Consulting
DTC - #0015
Account - Saint Ignatius Loyola Academy #633-120-365
Create an Endowment
The Academy’s Endowment strengthens the school for generations of students and provides critical funds that support all facets of the Academy including scholarships, programs such as academics, summer term, Graduate Support, intern teachers, and more. Gifts can be designated to an already established named fund of The 1993 Fund, our general endowment fund. Please contact Jennifer Summers for more information on creating a named endowed fund.
The Academy Fund
Gifts to the Academy Fund provide critical resources for our students and programs. Gifts to the Fund provide annual operating support for all aspects of the Academy including books, athletics, extracurricular programs, clubs and professional development.
President’s Circle (new)
President’s Circle donors are individuals, foundations, or corporations who make an unrestricted leadership gift of $5,000 or more to the the Academy Fund. Donors receive an invitation to our Annual Thanksgiving program and other exclusive events with Academy students.
Crimson Knight’s Society
Society donors provide steadfast support through monthly gifts to the Academy Fund. In recognition of their commitment to the Academy, society members receive invitations to Academy events as well as an annual statement of gifts. Members will not receive annual solicitations, therefore helping to reduce annual fundraising costs and helping the environment!
Matching Gifts: You can double your gift to Saint Ignatius Loyola Academy with a matching gift from your company. Check with your company to see if they match employee gifts to eligible nonprofits.
Generous friends of the Academy that have remembered our school in their estate planning are recognized as members of the Rev. Bill Watters, S.J. Legacy Society. Bequests naming Saint Ignatius Loyola Academy as a beneficiary of a will, retirement plan, or life insurance can have an enormous impact on our school and may provide substantial tax savings to your estate. For more information on planned giving or The Watters Society, contact Jennifer Summers at 410-783-9279.
Charitable IRA Rollovers enable individuals 70 1/2 or more to make a direct transfer of up to $100,000 ($200,000 for a married couple) per year from an IRA to a qualifying charity like the Academy. Gifts made directly from your IRA can provide substantial tax benefits and can be counted towards your minimum required distribution (RMD).
Community Investment Tax Credit Program (CITC)
Beginning July 1, 2019, the Academy will be offering Community Investment Tax Credits (CITCs). Please contact Jennifer Summers at 410-783-9279 for more information or if you wish to be contacted when credits are available.
St. Ignatius Loyola Academy has been awarded Community Investment Tax Credits (CITCs) from the State of Maryland. This means that, as a donor, you are eligible to receive 50% of your donation back through a Maryland state tax credit. You will also receive the standard federal and state tax deduction for the donation. Please consult your financial or tax advisor to discuss your specific tax benefits.
Here's how it works:
Your donation must be a new gift of $500 or more
Your donation must be designated to support the Academy's Graduate Support Program; gifts to the Academy Fund or student sponsorship are not eligible
You must complete a CITC donation form required by the State of Maryland (we will send this form to you to fill out and return after we receive your donation)
Examples of Qualifying Donations:
When available, tax credits will be given to donors on a first-come, first-served basis until the entirety of the award has been distributed. You will be contacted immediately if we are no longer able to offer tax credits when we receive your donation.
When you give your gift, please be sure to indicate your participation in the CITC program in the memo of your check or in an accompanying letter. If you are using our online donation form, please select the designation Graduate Support Program: Tax Credits.
We encourage you to consult your tax adviser for your individual Federal and Maryland tax deduction rates.
Please contact Jennifer Summers, Chief Advancement Officer, via email or at 410-783-9279 with additional questions or to be sure that these tax credits are still available. You may also learn more about the CITC program by visiting the Maryland Department of Housing and Community Development website.
St. Ignatius Loyola Academy encourages you to speak with your financial advisor, accountant or attorney to choose the charitable gift options best for you. St. Ignatius Loyola Academy is a register 501(c)(3) charitable organization.