Ways of Giving
The following are ways that donors may give to the Campaign for Turning Point School. In all cases when discussing the tax implications of a gift, you are encouraged to consult with your tax advisors.
Cash. The most common gift to the campaign is cash.
Pledges. Pledging enables a contributor to make a more significant commitment than would be possible with a single cash donation and at the same time realize optimal tax savings by spreading the contribution over a period of years.
Stocks and Securities. There can be significant tax advantages to donating appreciated stock rather than cash to a charity. Most donors can deduct the full fair market value of the appreciated stock without paying capital gains tax. Please consult with your financial advisor for specific tax guidance.
Closely Held Stock. Donors may also contribute closely held stock. All gifts in this area must be reviewed and approved by the Turning Point School Board of Trustees.
Real Estate. Many of the largest gifts to the campaign may come in the form of farms, personal residences, commercial property and unimproved land.
Bargain Purchases. Donors may transfer property to Turning Point School for a price that is less than the fair market value. Gifts of this nature require careful review by the Turning Point School Board of Trustees and the donor’s tax advisors.
Gifts-in-Kind. Gifts-in-kind will be accepted for the campaign if they are marketable and can be sold immediately for cash or if the gift-in-kind will provide budget relief for a line item in the construction budget (i.e., equipment, furniture, tile, flooring, etc.)
Life Insurance. A donor may give the campaign a fully paid up policy.
Matching Gifts. Many employers will match employee gifts to independent schools.
We can work with you to create the arrangements that best meet your philanthropic intentions and your financial situation.
|