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Ways of Giving
Annual Giving
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Ways of Giving
There are many giving options available to donors of St. Stephen’s. By carefully planning your gift, you can enjoy the satisfaction during your lifetime and receive substantial tax savings. Planning your gift to St. Stephen’s may also enable you to make a larger gift than you might otherwise be able to provide through a cash or pledged gift.
This material is provided to serve as a guide to some of the many ways in which a donor can invest in the future of St. Stephen’s.
* The information contained herein is not intended as legal, professional or tax advice. Please consult your attorney, accountant or tax advisor to find out what options are most appropriate for your personal, financial and estate planning situation.
Cash
Gifts of cash are certainly the easiest and most popular. Make sure the check (and envelope if mailed) are dated or postmarked by December 31. This will assure that the gift is deductible in that year although it may not be received by the school until early the following year.
Pledges
Rather than making a cash gift, you may wish to pledge your contribution over a number of months (Annual Giving) or years (Capital Campaign or other specific gift objectives). Please check with the Development Office for more information.
Matching Gifts
Many companies will match the contributions
which employees (sometimes even retired employees) make to IRS-recognized philanthropic and educational groups. You can double - sometimes triple - your gift through a matching gift program. Simply enclose the company's matching gift form along with your check.
* Please note that Matching Gifts do not increase your charitable deduction.
Appreciated Securities
A gift of appreciated securities brings the donor greater tax savings
than gifts of cash and also offers the donor two significant advantages:
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You avoid paying capital gains on the increased value of the stock.
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You receive a charitable deduction for the full fair market value of the stock when the gift is made. In order to do this, your stock generally must have been held long-term (more than one year).
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The gift must be postmarked by December 31 or your broker can arrange for a gift of stock from your account by that date.
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Gifts of appreciated securities are fully deductible up to a maximum of 30% of your adjusted gross income. Anything more can usually be carried forward and deducted over a maximum of five subsequent years. For instructions, contact the Development Office.
Gifts in Kind
Independent schools welcome
donations such as computers, office furniture, classroom supplies, landscape material, athletic equipment, art work, and many other items related to the educational program. The development office will be happy to help you ascertain gift acceptability.
* Gift value is determined by the donor through appraisal or a record of purchase.
Real Estate Gifts
A gift of real estate provides a considerable
savings in capital gains tax due upon sale of appreciated property. At the same time, you receive a charitable deduction for the full market value of the property subject to the limitations described above under Appreciated Securities.
* You can contribute the property but retain the right to reside there for you and/or your spouse's lifetime and you will receive a charitable deduction for the year in which the gift was made.
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