Cash Contributions - A gift of cash remains the simplest way to contribute to Westchester. It can be put to work for the School right away and, depending on an individual’s financial circumstances, can provide tax benefits to the donor. You may make a secure gift using Visa, MasterCard or American Express, or you may call the Development Office at 336.822.4021 to make a credit card gift over the phone.
Gifts of appreciated securities - Securities' gifts offer significant tax advantages to the donor and are very easy to arrange. Stock gifts can be sent to Westchester via DTC or by original stock certificates. Credit is given and a tax deduction is allowable for the value of the mean of the high and low prices of the stock on the day of transfer of the securities to Westchester, provided the stock has been held more than twelve months. Please contact (or ask your broker to contact) the Development Office at 336.822.4021 for instructions on making the transfer.
Matching Gifts - Many gifts to Westchester are doubled or even tripled because corporations and foundations match gifts to education made by their employees, retirees and directors. Westchester credits the individual donor for the total gift. Donors should inquire whether their employer has a matching gift program, and if so, obtain the proper forms to forward to the Development Office at Westchester.
Gifts-in-Kind - A gift-in-kind is a donation of tangible personal property other than securities. These gifts-in-kind may include fine art, jewelry, antiques, furniture, stamps, coins, books, musical instruments or equipment. The donor’s deduction for a gift of tangible property depends on whether the use of the property is related to Westchester’s tax-exempt purpose or is unrelated.
Planned Gifts — Leave A Legacy Society
Donors help secure the long-term financial health of the School through gifts that come in the future or over a period of years. There are many kinds of planned gifts (all of which offer significant tax benefits to the donor), including the following:
Bequests - Assets transferred through a donor’s estate. Any asset may be given in this way, though we most commonly receive cash gifts set out in a donor’s will. Other bequests include the proceeds of life insurance policies and retirement plans.
Life Income Gift—Charitable Remainder Trusts are a way for donors to make gifts that will benefit the School in the future while providing tax benefits and income for the donor immediately and over time
Gifts of a Future Interest in Real Estate—Some donors make gifts of personal residences or second homes, retaining the right to use them for their lifetime.
Charitable Lead Trust—With this gift, a donor removes specified assets from his or her estate, receives immediate tax savings and provides the School income from those assets for a period of years. At the end of the gift period, the assets may be returned to the donor or, tax free, to a third party. Parents and grandparents find the charitable lead trust an excellent way to provide for a future generation while accomplishing good work today and decreasing their likely estate taxes.
If you have questions or comments about giving to Westchester, we encourage you to contact the Development Office at 336.822.4021.