Methods of Giving

There are many ways of giving so that you are able to meet your needs, those of your family and have the opportunity to give to Jackson Prep. We will gratefully accept gifts in various forms, including those described below:

Cash – Gifts made by cash or check are the most common and will allow Jackson Prep to address its immediate needs.

Bequests – Bequests may be made through your will and may include a specific dollar amount or a percentage of your estate.

Life Insurance – You may donate to the campaign by making Jackson Prep the owner and beneficiary of your insurance policy.

Securities – A gift of appreciated stock is a most advantageous form of giving. For example, if you donate stock purchased for $2,000 that you have owned 12 months or more, and the stock is now worth $10,000, your tax deduction will be for the full $10,000 and a tax savings of $3,100 (31% marginal bracket). In addition, you have avoided the capital gains tax (combined 20% rate = $1,600) on the appreciation of the stock. Your total savings in this example is $4,700.

Real Estate – Gifts of appreciated real estate are similar to gifts of stock. If you have owned the property for 12 months or more, you avoid capital gains taxes and may deduct the fair market value of the property.

Charitable Lead Trusts – Charitable Lead Trusts are funded with an asset, such as appreciated property or securities, and the earnings are contributed to Jackson Prep for the life of the trust. When the trust reaches its termination date, the principal goes to your beneficiaries.

Charitable Remainder Trusts – Charitable Remainder Trusts are funded with an asset and the earnings are paid as income to you and your beneficiaries. Upon the death of the last beneficiary, the principal goes to Jackson Prep.

Gifts made to Jackson Preparatory School Foundation, Inc. are deductible for income tax purposes as provided by law. The Development Office at Jackson Prep is an excellent resource for additional information on these and other charitable giving methods. Please contact us with your questions at 601-932-8106.