Gifts of cash always are appreciated! Whether you make your gift by check or credit card – or even currency – you may deduct your contribution from the current year’s income tax if you itemize your deductions.
Regardless of what the donor may have paid for shares of stock, gifts of appreciated securities are generally deductible at their current, average market value. Often the donor may reap significant tax benefits, bypassing capital gains taxes that effectively reduce the cost of making a gift. A donor may simply instruct his/her broker to transfer shares of stock directly into an account held by Sandhills School, but should not give instructions to sell. Specific information can be provided by a school representative, and donors always should seek advice from their financial consultant.
A donor may give an existing life insurance policy or take out a new one naming Sandhills School as the beneficiary. The school will receive the premium notices, and the donor will be required to make tax-deductible donations to cover the cost of the premium as well as administrative costs. This gift option appeals to those donors who want to make a substantial gift to Sandhills in the future. Please consult with your financial advisor and/or your insurance agent about the advantages of donating a life insurance policy.
The simplest form of planned giving is to name Sandhills School in your will and, while notifying the school of that action certainly is not required, it is appreciated. Other options for planned gifts include charitable lead trusts or charitable remainder trusts, and such instruments should be discussed with one’s attorney. Making a planned gift is an excellent way to ensure the future of the school.
Double the impact of your donation! Many companies encourage the charitable giving of their employees by offering to match their gifts. All you need to do is to include the company’s matching gift form with your donation, and our development office will do the rest.
Whether it is an item for the Art Gala or a book for the library, an in-kind donation can have a positive impact on the school. When considering an in-kind gift, donors should remember that IRS regulations require that the value of the gift be determined by the donor, so saving receipts is beneficial.