Planned Giving

List of 7 items.

• Qualified Charitable Distribution

  A Qualified Charitable Distribution is a direct transfer of funds from your IRA custodian, made payable to a qualified charity. QCD's are generally tax free, tax-deductible, and will count towards an individual's required minimum distribution. If you are 70 1/2 years old or older, and would like to give a gift to Beaufort Academy via a Qualified Charitable Distribution, you must consult a tax advisor in order to ensure legal/tax requirements have been satisfied. You should also consult with your CPA and Financial Advisor to decide if a QCD is right for you.

• Matching Gifts

  Many employers offer matching gift programs that will double or triple your contribution. Please contact your benefits office to request a gift form.

• Appreciated Securities

  Gifts of appreciated securities such as stocks, mutual fund shares and bonds are fully tax-deductible charitable contributions. Such gifts are deductible up to 30 percent of your adjusted annual gross income on your federal tax return with the same five-year carry-over deduction provision as cash gifts. Remember that you must give the security itself, rather than selling it first and giving the cash, in order to avoid paying tax on the capital gain.

• Real Estate

  The same tax advantages that apply to stocks and bonds also apply to real estate. You may give acreage, a farm, a lot, a house, a commercial building, or any other kind of real estate and receive a charitable deduction. Property must be cleared of any environmental issues and the Board of Trustees must vote to accept it.

• Tangible Personal Property

  You may give any other asset of value; for example, an automobile, a painting, a coin collection, a piece of jewelry or equipment, etc., and receive a charitable deduction. The donor must have the proposed gift appraised by a qualified professional, subject to approval by the Business and Finance committee.

• Donor Advised Funds

  You may direct other entities to make Donor Advised donations to the campaign.

• Corporate Gifts

  Corporations are permitted by law to give away to qualified charitable organizations up to 10 percent of their pre-tax profits in any given fiscal year. This provision offers a double tax savings, in that neither the corporation nor the individual is taxed on the gift.