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Charitable Opportunities
There are several methods available for making contributions to
charitable organizations. It is important that all donors to Highland
be aware of all their options. Outlined below are some of the ways
to make current or planned gifts to Highland School.
Current Gifts
Gifts of Cash - Cash gifts are immediately
available to the School for both donor designated or undesignated
purposes. Cash gifts tend to be the most common means of philanthropy.
Gifts of Securities, Real Estate and Personal Property
- Transferring securities, either stocks or bonds, allows you to
make a gift to the School and receive a charitable deduction equal
to the full fair market value. You also may avoid paying a capital
gains tax on your charitable contribution. Gifts of real estate
can have special benefits for both the donor and the recipient.
You may give real estate as a current gift and receive a charitable
deduction for the full fair market value of the gift.
Matching Gifts - Many companies offer matching
gift programs to encourage employees to make charitable contributions.
Matching gifts are a great vehicle for donors to maximize the impact
of their gift. Corporate matching programs will vary, so if you
are interested in availability of this program, you should check
directly with your employer.
Memorial and Tributes - Memorial or tribute
gifts provide you with the opportunity to recognize those who have
made an impact on your life. This type of gift is a sincere way
to celebrate the life and accomplishments of a relative, friend,
teacher or student. Highland School offers a number of pooled funds
that pay tribute to people with special ties to the School.
Planned Gifts
Bequests (By Will) - A charitable bequest,
a simple provision in your will, is the most common planned gift.
You may make a charitable bequest in a variety of methods:
- giving a specific amount
- giving a specific property
- giving a percentage of your total estate
- giving the residue of your estate
- giving a contingent bequest
Your charitable bequest to Highland School may be restricted (designated
for a specific purpose) or unrestricted. Highland School utilizes
unrestricted funds for areas of greatest need.
Your charitable bequest is deductible for estate tax purposes.
This gift may significantly reduce or eliminate federal estate tax.
Life Income Plans - You can make a significant
gift to help Highland's students or educational programs while using
these assets to provide income for you, your spouse or another designated
recipient. The methods of giving described below have been developed
to help you give while enhancing your family's quality of life,
both now and in the future. You may find that you can give at a
lower cost through careful planning.
Charitable Remainder Trust - The charitable
remainder trust has become a very popular gift plan, because the
assets within the trust provide lifetime income to you or to another
designated beneficiary. Through the remainder gift, a donor may
contribute assets, such as securities or real estate and retain
for life the income from those assets, for himself, a spouse or
both. A remainder gift allows the donor to take an income tax deduction
for the charitable portion of the value of the gift. In addition,
if the gift is in the form of appreciated securities or real estate,
the donor may not pay capital gains tax on the appreciation.
Life Insurance - Life insurance provides
a convenient way to fund meaningful gifts. You may simply name Highland
School as the beneficiary of part or all of your insurance policy
proceeds. A policy that is no longer needed for the protection for
which it was originally intended, may be used to help you meet your
philanthropic goals. By making Highland School the owner and beneficiary
of a life insurance policy, you receive a charitable deduction.
For more information, please contact the Advancement Office.
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