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How to Donate
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The Best Ways to Give to Carlthorp School 1. Through an Outright Gift. The majority of contributions made to Annual Fund, Scholarship Benefits, Capital Campaigns, and other Carlthorp School programs are made in the form of outright gifts. The scheduling of this gift may range from a single gift for an event such as our annual Scholarship Benefit to a series of contributions made over as many as five years for a capital campaign. There does not need to be a particular reason, campaign, or fund for a contribution. General contributions to Carlthorp School are welcomed and sincerely appreciated. Following are some of the ways you can give an outright gift: Cash. Of the gifts made to Carlthorp, most are paid through cash (i.e., by check or even credit card). Cash is the easiest gift for a donor to make and for the organization to receive. If you itemize your deductions, you may be entitled to an income tax deduction for all contributions in a given year. Stocks, Bonds. Gifts of appreciated stock are one of the most valuable yet overlooked options for contribution to charitable organizations today. The benefits to the donor are two fold in the respect that not only do you receive tax recognition for the full fair market value of the stock on the day of contribution (which may be considerably greater than the original purchase price), but the capital gains which would normally be paid at the time of sale are avoided. Please scroll to the bottom of this page for detailed instructions for donating securities. Matching Gifts. Many corporations demonstrate their support to nonprofit organizations by matching—often dollar for dollar—or multiplying their employees’ gifts up to a set amount. Please note that each company has its own guidelines and policies regarding its matching gifts program. Before pledging your gift, ask whether your employer participates in such a program. Certain restrictions apply to matching gifts. Please consult your company’s personnel office for more information. Real Estate. Over the years, most real estate has appreciated faster than the rate of inflation and, therefore, can offer great potential for a charitable gift. Carlthorp School will consider accepting a gift of a home, vacation property, condominium, apartment complex, undeveloped land, or other real estate in support of the school. Tangible Personal Property. Gifts of assets such as cars, jewelry, and boats are also welcomed. You generally get a tax deduction for the full fair market value (assuming the gift is considered for a related use). Paid Up Life Insurance. If one owns an insurance policy that is no longer needed for its original purpose, it can be gifted to Carlthorp School. Carlthorp School must then become the owner of the policy. In general, the donor will be entitled to an income tax deduction for the cash surrender value and can deduct the amount of future premiums paid to Carlthorp School.
2. Through a Planned or Deferred Gift. You may be hesitant to give a substantial asset to Carlthorp School because you need the income from the asset to maintain your standard of living. However, you can still make a significant gift to Carlthorp School through one of the following ways: Charitable Trust. Called a Charitable Remainder Trust, it will pay you a lifetime income, allow you to avoid capital gains taxes and give you an income tax deduction at the same time. If married, both spouses will be included as income beneficiaries. Funding such a trust with highly appreciated stock will enable you to lock in your gains. Real estate is also a good asset to use, as is cash. You save capital gains taxes on highly appreciated assets such as stocks and real estate that you put into the trust. Because the assets go to Carlthorp School at your passing, you may want to consider an asset replacement option, funded by insurance and paid for by tax savings and increased income from the trust. At your passing, the insurance proceeds would go to your heirs, free of estate tax and probate expenses. Gifts from Retirement Funds – IRA and 401(k) Funds. When individuals withdraw funds from their IRA or 401(k) fund(s) during their lifetime, income taxes must be paid. At death, any amounts remaining in their plans are potentially subject to two taxes: income and estate taxes. Donors are invited to consider designating Carlthorp as a partial or full beneficiary of their retirement plans. Bequests and Other Forms of Planned Gifts. Other planned gift options are available. To learn more about them, please contact Ken Parr, Director of Finance & Development at Carlthorp School at (310) 428-8725. Delivery Instructions for Securities Transactions to Carlthorp School Please contact Kent Colberg at AG Edwards & Sons, Inc. (310) 453-0077 AND Ken Parr (310) 428-8725 prior to transferring securities to let us know the name of the securities so that we know who is making the donation. The inclusion of the donor’s name in the transaction from broker to broker is also very helpful for the proper acknowledgement of donations of securities. Contributions of securities may be made through: Kent Colberg
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