We want to make supporting The Carey School as easy as possible for you. There are many ways to make your charitable gift, each of which may offer various tax-related benefits.
Many corporations offer matching gift programs for employees to charitable institutions such as The Carey School. These gifts allow you to double or sometimes even triple your gift or more to the school. Supporters will be recognized at the level of their total giving, including any matching gifts.
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 the capital-gains tax which would 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, another option is to take the capital loss. You can sell the stock to realize the loss, take the tax deduction for that loss, and generate a charitable contribution deduction by donating the cash proceeds of the sale to The Carey School.
The Carey School accepts gifts of tangible personal property that are useable by the school.