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Outright Gifts
Outright gifts include contributions
of cash, securities, appreciated assets and written pledges (usually
paid within three years). Checks should be made payable to Williamson.
Any further designation of the purpose of the gift should be indicated
in a letter accompanying the gift or on the lower left corner of the
check. Gifts of securities are credited at market value on the date
the donor relinquishes control of the assets (transfer of stock powers
to Williamson).
Gifts of Cash
The simplest gift is a check, made payable
to The Williamson School. Unrestricted gifts strengthen every aspect
of college life, supporting operations, scholarship, faculty development,
student life, and much more. Williamson’s raising year spans July
1st through June 30th of each year.
Donors who itemize their deductions may deduct gifts of cash up to 50%
of their adjusted gross income in a given year. Gifts which exceed this
amount can have the charitable deduction "carried forward"
for up to five additional years. Your financial advisor can provide
details related to you specific situation.
To restrict a cash gift to a specific purpose, note the restriction
on the memo portion of the check, or send an accompanying letter of
explanation.
Matching Gifts
Did you know that your gift to Williamson may be doubled or even tripled with a matching gift from your employer? Take advantage of Williamson’s new Matching Gift Finder to see if your company matches charitable donations. Remember retirees and spouses are often eligible for gift matching as well. If you need assistance or require additional information, please contact Ben Schools, Director of Development Services at 610-566-1776 (extension 234) or bschools@williamson.edu.
Gift-in-Kind
Many donors help support Williamson by
donating items, both used and new, that are usable in coordinating the
programs of the schools. These items could be tools, books, furniture
and materials that are in good condition and useful. A fine example
of this kind of gift is the used clothing contributed regularly to the
Student Clothes Closet. While the value of a gift in kind is tax deductible,
that value cannot be determined by the School—only the donor. If you would like to make such a gift, go to “Gift-in-Kind Form“
print it, fill it out and present at the time you make the gift. It
is always a good idea to contact the Advancement Office to determine
that the gift would be useful to the School.
Gifts of Stock
Appreciated stock which owners have held
for more than one year will provide substantial tax benefits to the
donor. In addition to receiving an income tax deduction equal to the
fair market value of the stock on the effective date of the transfer,
the donor will avoid paying capital-gains taxes on the appreciation.
For Example:
Stock Sold Before Donation
Three years ago a Williamson alumnus bought 200 shares of stock at
$25 per share. Today, the fair market value is $50 per share. If the
alumnus sold the stock and paid the capital gains tax then gave the
proceeds to the School, the gift would total $9,000.
Stock Sold After Donation
However, if that same alumnus transferred the stock directly to Williamson
he would pay no capital gains tax and Williamson School would receive
a tax-deductible gift of $10,000.
Purchase price $5,000 / Purchase
price $5,000
Current FMV $10,000 / Current FMV $10,000
Gain on sale $5,000 / Gain on sale 0
Capital Gains tax (20%) $1,000 / Capital Gains tax (20%) 0
Net proceeds $9,000 / Net proceeds $10,000
Tax-deductible $9,000 / Tax-deductible gift $10,000
Gifts of stock are valued at the average
of the high and low selling price of the stock on the date which the
donor "relinquished control" - postmark date if mailed to
Williamson (with signed stock power mailed separately), deposited in
a Williamson School account at an approved brokerage, or hand-delivered.
Appreciated securities are also ideal to fund gift annuities and charitable
trusts. Specific instructions for submitting a gift of stock can be
found at “Stock Power Transfer.”
Tribute Gifts
Honoring a loved one through a charitable
gift is an especially meaningful way of paying tribute to someone special.
When you want to express condolences or congratulations you may wish
to consider a tribute gift to Williamson.
Tribute gifts may commemorate a special
event in your family’s, or friends’ lives, such as birthdays,
anniversaries, weddings, and retirements. A tribute gift to Williamson
is also an appropriate memorial for someone who has passed away.
Your tribute gift will be acknowledged
to the person or family that you designate at the time of your gift.
They will receive a card with the name of the person who is honored
or memorialized, identifying you as the donor. The amount of the donation
is not revealed to the honoree or the family. You will receive an acknowledgment
for your tax-deductible contribution.
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