What You are Asked to Do | Tax Advantages of Thoughtful Giving | Please Keep in Mind...

Tax Advantages of Thoughtful Giving

Federal and state laws on both income and inheritance taxes are designed to encourage charitable giving. All contributions to our campaign are tax deductible for those who itemize their deductions.

There are various ways to make a gift to the Ursuline Centennial Capital Campaign. Careful planning can make charitable giving a financial advantage not only to the high school, but also to you, the donor. It is particularly advantageous for some people to contribute appreciated securities, real property or other valuables.

The current fair market value of securities or property is deductible, and by transferring these assets directly to the campaign, the donor pays no capital gains tax. For substantial gifts of property, other than marketable securities, the IRS requires an appraisal. Because each situation is unique, you may also wish to discuss your donation with your financial advisor to see which plan will be most beneficial to you and Ursuline.

Gifts from Current Income

The amount that may be deducted from a donor’s current income is based on federal income tax brackets.
Information in this packet is not intended for specific legal advice; therefore each donor should discuss tax advantages with his or her tax consultant.

Gifts in the Form of Securities

The donor pays no capital gains taxes on securities that have increased in value since originally acquired, and may deduct the full current market value from taxable income. The simplest way to make a gift of any security is to instruct your broker or fund manager to transfer the asset to Ursuline High School. For transfer instructions and brokerage account information please contact the campaign office at 330-744-4563 ext. 131. Official receipts will be given to all contributors and may be used for federal income tax purposes.

Other Types of Gifts to Consider

Bonds; Appreciated Stock; Mutual Funds; Annuities; Life Insurance Policies; and Bequests. We are available to answer any of your questions about gifts to the campaign at 330-744-4563 ext. 131.