Ways to Give
Gifts of Cash and/or Check
Many families choose to make their charitable gifts by cash or check. If you itemize your deductions when filing your income taxes, your gift to The Carey School may be fully tax-deductible up to a maximum of 50% of your adjusted gross income. Naturally, the amount of your tax saving will depend on your tax bracket. Charitable gifts of cash may be used to offset additional taxes that might otherwise be due on the proceeds from the sale of a home, investment, or other property.
Online Giving by Credit Card
The Carey School accepts VISA and MasterCard for the Annual Fund. Please click here if you would like to do so.
This is a great way to maximize your gift. For every dollar you contribute to The Carey School either through Annual Fund contributions and/or Capital Campaign contributions, these companies will generally match your contributions up to a maximum dollar amount per year. There is a wide range of matching percentages ranging anywhere from 50% to 200% of your individual donation.
For example, if you contributed $1000 to The Carey School in one school year, some companies will make a donation of up to $2000 making your total donation to the school equal to $3000 in that school year. All you have to do is obtain a matching form either from your Human Resources Department or on-line at some of the major companies in your area, complete it and turn it in to the Advancement Director at The Carey School.
To see a list of partial list of corporations that are known to match donations, please click here.
By giving stock that has appreciated, you receive two benefits. First, you receive a charitable income-tax deduction for your donation and second, you avoid paying capital-gains tax which would ordinarily be required if you sold the stock yourself. If you have held the stock for more than 12 months, you can deduct the full fair-market value of the stock at the time of your gift, regardless of how much you paid for it. For example, if you donate publicly traded securities valued at $5,000, your deduction will be the full $5,000, even if you purchased it several years ago for only $1,000.
If your stock has depreciated in value, another option is to take the capital loss. Sell the stock to realize the loss and take the tax deduction for that loss. Then generate a charitable contribution deduction by donating the cash proceeds of the sale to The Carey School.
Please click here to download a copy of The Carey School’s Stock Brochure.
Gifts of Tangible Personal Property: The Carey School does accept gifts of tangible personal property if that property is useable by the school.
Contributions to The Carey School are tax deductible to the extent of the law. The Carey School is not engaged in rendering legal or tax advice. For advice and assistance in specific cases, the services of an attorney or other professional advisor should be obtained. The purpose of this page is to provide general information only.
Click HERE for the IRA Rollover Provision
The Carey School benefits from generous gifts that come in many forms, one of which is planned giving. Planned giving is finding ways to make charitable gifts to The Carey School now or after your lifetime, while enjoying financial benefits for yourself. A charitable giving plan can enable philanthropic families to make larger gifts than they could otherwise make from their income alone. There are many ways to structure your gift to meet your unique financial and estate-planning goals. For example:
- You can make a gift that costs nothing during your lifetime.
- You can give stock and realize larger tax savings.
- You can get a monthly paycheck for life in return for your gift.
The correct plan for you balances what you wish to accomplish for yourself, your family, and your charitable interests in your overall estate and financial plan.
Please contact the Advancement Office at to learn more about giving strategies that will allow you to make a meaningful charitable gift to The Carey School, while possibly enhancing you and your family’s future financial security.