Ways to Give

• Gifts can be made by calling Cape Henry’s development office directly at (757) 963-8224.
• Make a credit card gift securely online.
• Checks should be payable to Cape Henry Collegiate and sent to:
  Cape Henry Collegiate
  Attn: Development
  1320 Mill Dam Road
  Virginia Beach, VA 23454

Gifts of appreciated securities can be a great tax-efficient method for making a gift that is beneficial to both you and Cape Henry. For securities held for more than one year, you can take an income-tax deduction for the full fair-market value on the day of the gift and avoid capital gains tax. 

Be prepared to provide the following information to the transferring broker: 

• Account name: Cape Henry Collegiate School, Inc. 
• Tax ID: 54-0793766
• Account Number: 668-163839
• Brokerage Firm: Fidelity Investments
• DTC Number: 0226
• Reference: Donor’s Name 

Please note that some mutual funds are not DTC eligible. 

At the time of transfer, please notify the Development Office to ensure the gift is credited to the correct donor for tax-acknowledgment purposes.  

It is our policy to sell securities upon receipt. The transfer and sales of gifts of appreciated securities are coordinated by Brown Advisory on behalf of Cape Henry. Please contact Ms. Stephanie Herring at sherring@brownadvisory.com or (804) 799-4144 to complete the transfer.

Many employers will match employee charitable contributions up to two times the value of the gift. We encourage you to speak with someone in your organization's human resources office to see if your company participates in a matching gift program.

A charitable gift annuity is a contract between the school and the donor that provides the school with a significant gift of cash, securities or other assets, for which the school agrees to pay the donor a fixed amount over their lifetime.

Beginning with the year you turn age 73*, the IRS requires you to withdraw a required minimum distribution (RMD) from your IRA — even if you don’t need the funds — and you must pay income tax on every distribution. For many, these taxes can be a significant annual burden.

Donating part or all of your unused retirement assets (such as through your IRA) is an excellent way to make a gift to Cape Henry. A Qualified Charitable Distribution (QCD) is now permanent in the IRS Code. QCDs can be counted toward satisfying your RMD and are excluded from taxable income, so long as certain rules are followed. Please consult your tax advisor.

The maximum annual amount that can qualify for a QCD is indexed for inflation (for 2025, this is $108,000), and applies to the aggregate of all QCDs in a calendar year. To count toward your RMD for the year, the distribution generally must be transferred directly from your IRA to the charity by December 31.

*For most retirees; for those born in 1960 or later, RMDs begin at age 75 under upcoming rules.

 

Bequests

Having a will or estate plan ensures that you decide how your assets are distributed and that your loved ones are cared for according to your wishes. Once you’ve provided for your family, you may also choose to make a meaningful gift to Cape Henry Collegiate through your will.

Including Cape Henry in your estate plans is one of the simplest ways to create a legacy. A bequest may be right for you if:

• You would like to make a lasting impact at Cape Henry Collegiate.
• You want the flexibility to change your plans in the future.
• You want continued access to your assets during your lifetime.

We encourage you to work with your estate planning attorney when making these decisions. To make a bequest, please share the following sample language with your legal and professional advisors:

“I specifically bequeath $____ or ____% of my gross estate to Cape Henry Collegiate, 1320 Mill Dam Road, Virginia Beach, VA 23454.”

For more information or to have a confidential conversation about your intentions, please contact Director of Development Mrs. Lindsay Oliver at (757) 963-8224 or lindsayoliver@capehenry.org.

Please consult your professional advisors before making any gift. Cape Henry Collegiate cannot provide legal or tax advice.

If you've included Cape Henry Collegiate in your estate plans, please contact Mrs. Lindsay Oliver so we can recognize and celebrate your generosity.

Life Insurance 

Donors can give policies of permanent life insurance to Cape Henry. For the premiums to be tax-deductible contributions, Cape Henry must be the owner and beneficiary. Policies may be new, have premiums remaining to be paid, or be fully paid and owned for several years by the donor. If new, the donor can make a one-time payment to fund the policy or make annual premium payments.

Security Transfer 

Donors may choose from various methods to transfer publicly traded securities as a gift to the School. These include: 

• Delivery of the actual certificate to Cape Henry. 
• Transfer of securities from the donor’s brokerage account to Cape Henry’s brokerage account. 
• Donor instructs the transfer agent to reissue securities in Cape Henry’s name.

For more information regarding security transfers, please contact Director of Development Mrs. Lindsay Oliver at (757) 963-8224 or lindsayoliver@capehenry.org.