Page 7 - Jupiter West - December '24

Jupiter West, Page 7
Cardinal Newman High School

Celebrates The New Rocco A. Marcello Family

Academic Building With A Ribbon-Cutting Reception

Cardinal Newman High School (CNHS) proudly hosted
a ribbon-cutting reception for the new Rocco A. Marcello
Family Academic Building on November 7. Over 100
contributing donors who helped bring this vision to life
attended, alongside The Most Reverend Bishop Gerald
Barbarito, clergy, and leaders from the Diocese of Palm
Beach, gathered to celebrate the state-of-the-art building
at the college preparatory Catholic high school.
The evening opened with a warm welcome from CNHS
President Charles Stembler, who introduced Bishop Barbarito
for a prayer and blessing of the building. Following the
blessing, Sophia Perez, Class of 2025, delivered a moving
rendition of the National Anthem. Rocco A. Marcello then
shared personal reflections on the profound impact of his “We are blessed to have many donors who wanted to see center, a welcome center, admissions and college advising
Catholic education. He announced an additional $250,000 this building become a reality. Rocco’s signature gift enabled offices, state-of-the-art science labs, an innovation center,
gift to enhance the south academic building, furthering his us to move this building to completion. His additional gift is and mathematics classrooms. The Appeal Leadership Team
commitment to the school’s mission. a testament to his generosity and commitment to education. included Cochairs Nick Coniglio ’97 and Richard Rendina ’98,
“The dedication and encouragement I experienced in He, along with our other donors, helps transform Newman Major Gifts Cochairs Ellen Acosta and Jim Arrigo, Honorary
Catholic school propelled me to excel, and I hope it does the students’ lives,” said President Charles Stembler. Cochairs Sally Gibson and Charlie and Karmita Gusmano.
same for future generations of Crusaders ... our work has just This renovation, made possible through the $10 million For more information about the Shaping the Future
begun in making CNHS the preeminent high school in Palm Shaping the Future capital campaign, includes innovative, campaign, contact Mary Martens at mary.martens@
Beach County,” said Rocco Marcello. student-centered classrooms, a chapel and campus ministry cardinalnewman.com or (561) 619-7280.
Financial Focus ®

Consider Tax-Smart the gift, within limits, from your taxes. But a few years must start taking withdrawals from your traditional or
inherited IRA. These withdrawals—technically called
ago, as part of tax law changes, the standard deduction
Charitable Gifts was raised significantly, so fewer people were able to required minimum distributions, or RMDs—are taxable at
itemize deductions. Consequently, there was less financial your personal income tax rate, so, if the amounts are large
By Sally Sima Stahl incentive to make charitable gifts. enough, they could push you into a higher tax bracket or
As we enter the annual Of course, this didn’t entirely stop people from making cause you to pay larger Medicare premiums.
season of giving, you might them. And it’s still possible to gain some tax advantages, too. But if you donate these RMDs directly to a qualified
be thinking of charities you Here are a few tax-smart charitable giving strategies: charity, you can avoid the taxes. And because these
wish to support. But you • Bunch your charitable gifts into one year. If you donations, known as qualified charitable distributions
also might be wondering combine a few years’ worth of charitable gifts in a (QCDs), will reduce the balance on your IRA, you may
how to gain some tax single year, you could surpass the standard deduction have lower RMDs in the future.
benefits from your gifts. amount and then itemize deductions for that year. In the Of course, if you need some or all your RMDs to help
It used to be pretty years following, you could revert to taking the standard sustain yourself in retirement, the use of QCDs may not
straightforward: You wrote deduction. be of interest to you. Keep in mind, though, that you can
a check to a charity and • Make qualified charitable distributions. Once you start making QCDs at 70½, even before you must start
then deducted the amount of turn 73 (or 75 if you were born in 1960 or later), you taking RMDs. QCDs up to $105,000 can be taken in 2024.
• Consider a donor-advised fund. If you’re interested
in a long-term charitable giving arrangement, you might
want to consider establishing a donor-advised fund.
You can put many types of assets into this fund, and
then direct it to make grants periodically to the charities
you’ve chosen. You get an immediate tax deduction for
your contribution, and, if you donate appreciated assets,
such as stocks, you’ll avoid the capital gains taxes you
would have incurred if you simply sold the stocks and
then gave the money to the charities. One note of caution,
though—your contributions to a donor-advised fund are
irrevocable, and once the assets are in the fund, you can’t
use them for anything except charitable giving.
These strategies—QCDs and donor-advised funds in
particular—can be complex and involve several issues
of which you should be aware. So, you should consult
your tax advisor before taking action. But if any of these
techniques are appropriate for your situation, give them
some thought—because helping a charitable group and
getting tax benefits for doing so is a “win” for everyone.
This article was written by Edward Jones for use by
Peripheral your local Edward Jones Financial Advisor, Edward
Jones, Member SIPC.
Edward Jones is a licensed insurance producer in
Neuropathy? all states and Washington, D.C., through Edward D.
Jones & Co., L.P., and in California, New Mexico and
Massachusetts through Edward Jones Insurance Agency
FREE Consultation of California, L.L.C.; Edward Jones Insurance Agency of
New Mexico, L.L.C.; and Edward Jones Insurance Agency
for Acupuncture of Massachusetts, L.L.C.
Edward Jones, its employees and financial advisors
cannot provide tax advice. You should consult your
qualified tax advisor regarding your situation.
Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
AAMS™, 1851 W. Indiantown Road, Ste. 106, Jupiter,
FL 33458.
561-745-1002

654 West Indiantown
THE PATIENT AND ANY OTHER PERSON RESPONSIBLE FOR PAYMENT HAS THE RIGHT TO
REFUSE TO PAY, CANCEL PAYMENT OR BE REIMBURSED FOR PAYMENT FOR ANY OTHER Road, Jupiter, FL 33458
SERVICE, EXAMINATION OR TREATMENT WHICH IS PERFORMED AS A RESULT OF AND
WITHIN 72 HOURS OF RESPONDING TO THE ADVERTISEMENT FOR THE FREE, DISCOUNTED www.drlaruffa.com
OR REDUCED FEE SERVICES, EXAMINATION OR TREATMENT.