Commitments may be paid over a five-year period. Spreading out the payment terms of your investment (annual, semi-annual, or quarterly), provides flexibility and may help you consider a higher level of support.
A gift of an appreciated asset, often common stock or mutual fund shares, is a valuable way to contribute to a charitable organization and receive tax benefits based on the value of the asset(s). Because of the appreciation factor, gifts of securities “cost” donors less than equivalent gifts made in cash. By donating the stock, the charity receives a larger gift than it would receive if the investor first sold the stock and then donated the proceeds after deducting the capital gain taxes. The investor receives a greater tax deduction by giving the stock directly to the charity and avoiding the capital gain tax.
Instruct your broker to deliver the shares to Ursuline’s account using the following information:
Account Name: Ursuline Academy of Wilmington, DE
DTC Number: 0443
Ursuline Academy Account Number: AZD942589
Clearing Firm: Pershing, LLC
Broker: M&T Securities, Inc.
285 Delaware Avenue, Suite 2000, Buffalo, NY 14202-1885
(800) 724-7788, option 2
Some donors may also wish to remember Ursuline Academy in their wills by setting up a living trust, making an outright bequest, or participating in one of a number of other ways to maximize tax advantages. Please contact Debbie Hurd in the Advancement Office if you are interested.
Ursuline Academy is a 501c3 charitable corporation. All gifts are tax deductible. You should check with your own accountant and/or tax advisor to maximize the tax advantages of any gift.