Ways to Give
There are many ways to contribute!
Cash: Cash gifts are an easy way to give. Cash gifts of any size are immediately directed toward Project Blaze and can be tax-deductible to the full extent of the law. Major gifts can be made in installments over three to five years.
Appreciated Securities: Gifts of stock, bonds, treasuries, and mutual funds that have increased in value are a win-win opportunity for you and the Academy under current tax laws. You avoid paying capital gains on the increased value of the stock and you receive a charitable deduction for the full fair market value of the stock when the gift is made. In order to do this, your stock generally must have been held long-term (more than one year). Gifts of appreciated securities can be tax-deductible to the full extent of the law.
Matching gifts: Many companies will match the contributions that employees (sometimes even retired employees) make to nonprofit organizations such as Fort Worth Academy. Under a corporate matching gift program, gifts made by a company's eligible employee or employee's spouse are matched with company or corporate foundation funds—sometimes doubling or tripling the initial gift. To initiate a matching gift, ask your personnel office for the company's matching gift form and send it along with your donation to the Academy. Please note that matching gifts do not increase your charitable deduction.
Bequests: A bequest is a gift made through a donor’s will and is the simplest and most common planned gift. The advantages of making a gift through a bequest are that the donor does not have to part with any property until after death. Gift and estate taxes are avoided. Distributions can be made either as a specific dollar amount or as a percentage of the estate.
Retained Income Gifts: An easily established trust can provide a current charitable deduction for you in addition to income to you and/or the Academy during your lifetime. This meaningful gift can be especially appealing by increasing the income you receive from low-yielding stocks. The income can be distributed to you, your spouse or other designee, after which the assets would be distributed to the Academy.
Life Insurance Gifts: The contribution of a life insurance policy can provide a significant gift in a manner that can be especially attractive to younger donors. Fort Worth Academy offers recognition for the amount of the annual premium. By designating Fort Worth Academy as both the owner and beneficiary of a life insurance policy, the premiums can be tax-deductible to the full extent of the law.
IRA: The Pension Protection Act of 2006 encourages financial support of charitable organizations across the United States rom donors who are 70½ or older. Under the law, you can make a lifetime gift using funds from your individual retirement account (IRA) without undesirable tax effects.
You may contribute funds this way if:
You are age 70½ or older
The gift is $100,000 or less each year
You make the gift on or before Dec. 31
You transfer funds directly from an IRA or Rollover IRA
You transfer the gift outright to one or more public charities, but not supporting organizations or donor advised funds
You cannot receive benefits from us in exchange for the gift