While SCH Academy welcomes gifts of cash, there can be a more tax-beneficial way to gift larger amounts. Donating appreciated securities is a win-win for donors and charities. The two key advantages:
Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities—up to 30% of the donor’s adjusted gross income.
Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the savings will be.
Please be sure to consult an attorney or tax advisor regarding your specific legal or tax situation.
To transfer stock, you will need the following information:
DTC Participant #: 0221
SCH Academy Account: VQ-23558
Tax ID #23-1352681
UBS Financial Services Inc.
101 West Elm Street, Suite 200
Conshohocken, PA 19428-2006 Contact: Lorraine Geraghty | firstname.lastname@example.org
Tax laws allow donors to make a distribution from an IRA to a charitable organization without being taxed. However, your donation must be a direct transfer from your IRA to the charity and it must be completed by 12/31 of the current year.
The Heritage Society (the school's planned giving society) was established to recognize and promote the benefits of bequests, life-income gifts, and other tax-wise giving arrangements. A Planned Gift ensures that Springside Chestnut Hill Academy will continue to be strong and financially secure into the future. It can also bring financial benefits to you and your family. Planned Gifts play a critical role in ensuring that Springside Chestnut Hill Academy will continue to provide superior educational opportunities for future generations of young men and women.
Planned gifts may take the form of any of the following:
Retirement Assets (IRAs)
Charitable Lead Trust
Charitable Remainder Trust
Gifts of Appreciated Securities
Gifts of Real Estate
Thank you for considering a planned gift. You may wish to discuss your situation with legal and tax advisers to determine the most advantageous and appropriate gift according to your circumstances. Please contact Jenny McHugh so that she can assist you.
Increase your gift to SCH Academy by submitting a matching gift through your employer. Many employers match their employees donations to charitable organizations. Check with your employer or search below to see if SCH may qualify as one of those organizations.
Each year SCH receives many gifts in memory of alumni, students, parents, and other friends of the school. When memorial gifts are received, the Development Office notifies the next of kin and credits the gift appropriately. If making a memorial/honorary donation by mail, please include the name and address of the person(s) to receive an acknowledgement of the donation; if making a donation online, please include the contact information in the comments section.