Beginning in 2009, Cardinal Hayes was made an independent school from the Archdiocese. While the Archdiocese remains committed to the success of CHHS, they are unable to provide the kind of financial support they once did. With this backdrop, we announce: Forever Hayes, The Comprehensive Campaign for Cardinal Hayes High School.
Hayes can no longer count on Archdiocese support for operations.
The Forever Hayes Campaign seeks five-year pledged investments for our endowment, financial assistance for students, investments in our faculty and infrastructure.
Please refer to the Gift Chart and Ways of Giving below to see how easy it can be to ensure the permanence, prosperity and excellence of Cardinal Hayes High School.
Once you have decided on your gift, please fill out the Forever Hayes Campaign Pledge Form/Letter of Intent, along with any first payment, so that we are able to keep our records accurate and send reminders as you have indicated or if you are making a gift online today please select the section Yes, I am joining the Forever Hayes Campaign and pledge to make this contribution on an annual basis for the next 5 years.
Five-Year Gift Chart
Forever Hayes looks to address four major funding priorities.
Cardinal & Gold Endowment Fund The endowment helps us remain financially healthy and viable and provide our students with enriching experiences.
cardinal & GOld Fund
Since 1992, Cardinal Hayes High School has understood the critical importance of having a solvent endowment fund to protect it from future uncertainties and to provide support to the school. The Cardinal and Gold Fund, the general endowment for Hayes, helps to offset the widening operating deficit and allow tuition to remain low.
Financial Assistance for Students A healthy and viable school with great teachers, facilities and available financial assistance attracts the best students.
Investment In Students
Recruitment and retention of top students is of highest priority to Hayes. The number one reason for students not coming to Hayes is the amount of financial aid available per student.
Nearly $2.3 million in financial aid was awarded to Hayes students during the 2014-2015 academic year, but the need for financial aid is significantly greater than the School and Cardinal and Gold’s ability to provide. Hayes looks to enhance its ability to give assistance to needy students to enroll and remain at Hayes.
Faculty Development & Retention A healthy and viable school attracts great teachers who are looking for career development and advancement.
Investment in faculty
Forever Hayes would like to provide continuing education, professional development, and certification in the teachers’ fields of study. By making this investment, we will be able to provide rewarding careers for our most valuable resource – our teachers.
a need for degrees
Cardinal Hayes High School needs more instructors with master’s degrees.
The strength of an academic institution rests most heavily on the strength and leadership of its educators. Hayes has tremendously talented and committed faculty, but the number of certificate and master’s degree holding teachers is about half that of public school peers.
Cardinal Hayes is committed to attracting and retaining the best teachers and providing opportunities for their development and advancement.
Capital Investments Excellent facilities help attract top students, teachers, and parents who wish to send their young men to Hayes.
The announcement in 2009 that all Archdiocesan high schools would become independent entities with their own governing bodies forever changed the relationship between CHHS and the Archdiocese. While the Archdiocese owns the physical plant and is responsible for its upkeep, any improvements must be made by the school. Through Forever Hayes, we look to provide the best and most relevant learning environment for this and future generations of students.
Upgraded technology, including Smart Boards in classrooms and laptops for students
Upgrades to the science and computer labs
Modernization of the music room and equipment
Renovations to the gym including equipment rooms, offices, locker rooms, gym floor, and weight and workout rooms
Renovation of the cafeteria, faculty lounge, and guidance area located on the lower level
Ways to Give
Personal checks, cash or credit/debit card transactions (American Express, MasterCard or VISA) are the most popular ways to make a gift to Cardinal Hayes High School’s Campaign and allow the donor an income tax deduction in the year the gift is made. Checks should be made payable to Cardinal Hayes High School.
Other forms of giving, such as deferred gifts, are acceptable and may offer qualified donors an attractive alternative, enabling them to significantly increase the level of their gifts. A transfer of assets to a gift or trust entity that can pay income to a named beneficiary or possibly shift assets to children or grandchildren may allow a donor to make a substantial gift to Cardinal Hayes while meeting personal financial objectives. The donor may gain immediate tax advantages or may reduce gift or estate taxes through one of these gift arrangements. Bequests are also a popular way to make a significant gift and perpetuate your charitable support of the school well beyond your lifetime.
For additional information on planned gifts please contact Tom Fike, Vice President for Development at email@example.com or 718-292-6100 x104.
Gifts of Stock
Publicly Traded Securities
Gifts of stocks or bonds, which are or will be readily marketable, may have important added tax-benefits for the donor. The deduction for outright gifts of appreciated long-term securities (held more than 12 months) is equal to the fair market value of the securities on the date the donor relinquishes control of the assets to the school, and none of the appreciation is taxable for capital gains purposes. The school maintains an account for the transfer of securities at Pershing LLC. Our account name there is the Cardinal and Gold Fund, Inc., account number: P25-006167, DTC 0443. Please use our Stock Transfer Form to notify the Development Office of the transaction so that you may be credited with the full tax deduction.
Closely Held Stock
As with publicly traded securities, a gift of stock of a private corporation may allow the donor to avoid capital gains on appreciation of the stock, while attaining a tax deduction based on the stock’s fair market value. The donor may obtain an immediate tax deduction up to 30% of the adjusted gross income. If the gift exceeds 30%, the remainder of the deduction generally can be carried over for up to five years.
For additional information on gifts of stock please contact Tom Fike, Vice President for Development at firstname.lastname@example.org or 718-292-6100 x104.
There are many companies that match their employees’ gifts to independent schools. For example, if a donor gives $5,000 to Cardinal Hayes High School, a matching gift company will also give $5,000 to the school and thus the donor is credited with a $10,000 gift. Some companies will even match gifts on a 2:1 or 3:1 ratio. Donors simply need to contact their human resources offices for the appropriate forms and forward them with their gifts to the Development Office at email@example.com for completion.
Real Estate and Tangible Property
Property may be donated outright. An immediate tax deduction is available and capital gains taxes may be avoided. As per the school’s Gift Acceptance Policies, such gifts may only be accepted upon approval of the Finance Committee.
For additional information on gifts of real estate or tangible property please contact Tom Fike, Vice President for Development at firstname.lastname@example.org or 718-292-6100 x104.