Ways to Give

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 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 you 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 72 (70 ½ if you turn 70 ½ in 2019), the IRS requires you to withdraw a required minimum distribution (RMD) from your IRA whether you need the funds or not, and you must pay income tax on every distribution you take. For many, these taxes can be a significant and undesirable annual burden. 

Donating part or all of your unused retirement assets, such as your IRA, is an excellent way to make a gift to Cape Henry. A qualified charitable distribution (QCD) is now allowed and a permanent part of the IRS Code. QCDs can be counted toward satisfying your RMD and is not reportable on your taxable income, as long as certain rules are met. Please consult your tax advisor regarding your specific situation. 

The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. For a QCD to count towards your current year’s RMD, the funds must be transferred directly from your IRA to Cape Henry on or before December 31 of the tax year.
 

A gift through your will or estate is the easiest gift to make! For more information, please visit our Planned Giving webpage.