Ways to Give to WMS
Cash Gifts
Writing a check to the Fund for WMS is the easiest way to make a gift. Gifts of cash are fully deductible up to 50% of your adjusted gross income. Many employers offer matching programs for charitable giving -- click here to see a list of companies. if your company has a matching program, please enclose the form along with your check.
Stock Transfers
Because of the tax benefits, gifts of stock are often the most beneficial for donors. Transferring appreciated securities directly to a non-profit can eliminate taxes on gains. In addition, donors receive an income tax deduction for the full market value of the stock at the time of the gift. If you wish to make a gift of stock, please contact WMS at 757-565-0977 and we will provide detailed instructions on how to make the transfer.
A Gift from Your IRA
The Pension Protection Act allows donors age 70 1/2 or older to make contributions from their Individual Retirement Account without paying income tax. The key provisions of this law -- which is set to expire on December 31, 2007 -- are as follows:
1. You may contribute up to $100,000 from your IRA to publicly supported charities like WMS in 2007.
2. The transfer must made directly to WMS from your IRA. You cannot withdraw funds and then write a check to the schol.
3. You must be 70 1/2 at the time of the gift.
4. You may not receive any benefits in exchange for the gift.
Your IRA administrator will need the following information about WMS in order to make the transfer:
1. Our legal name is "Williamsburg Montessori School".
2. We are a qualified charitable organization under the Pension Protection Act as described in Section 170(b)(1)(A) of the Internal Revenue Code.
3. Our tax identification number is 54-1200609
4. Our mailing address is: Williamsburg Montessori School, 4200 Longhill Road, Williamsburg, Virginia 23188
Real Estate Gifts
Gifts of property can also enable donors to avoid sizable capital gains taxes.
Life Income Gifts
Establishing a "charitable remainder annuity trust" can be an excellent options for donors considering a major gift. Trusts of this kind allow an annual return of 5% or greater, which can be paid to you or a loved one for life, after which the assets would be distributed to WMS.
Planned Giving
Naming WMS in your will is another way of making the most of your gift. The federal estate tax takes between 40% and 50% of one's estate at the time of death. By making a charitable bequest, you avoid that tax while providing for th WMS.
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