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Gifts of Cash You can make your donation by writing us a check for the desired amount, by setting up an Electronic Funds Transfer each month from your checking account, or by charging your gift on your debit or credit card. Gifts of cash are fully deductible*--up to 50% of your adjusted gross income. Corporate Matching Gifts As an employee benefit, many companies match the gifts given by their employees to charitable causes. The total amount that companies donate usually depends on the amount of the contribution by the donors and the number of total donors from the school. Please take the time to check with your company to find out more about their matching gift program or please contact the school office for assistance.
Gifts of Stocks, Bonds, and Mutual Funds Gifting securities is often a more advantageous way for families to make a donation to the Annual Giving Campaign. A gift of appreciated securities can offer families two major tax benefits. First, they avoid paying capital gains tax on the increase in the value of the security. Second, they are allowed to deduct* the full fair market value of the security at the time of the gift.
Example: If you purchased some stock many years ago for $1,000, and it is now worth $10,000, an outright gift of stock to Meridian School would result in a charitable contribution of $10,000. In addition, there is no tax on the $9,000 appreciation in value.
Generally, gifts of appreciated stock are fully deductible up to a maximum of 30% of your adjusted gross income. Please consult your tax advisor for more information.
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