Some of the most common ways to make a gift to St. Albans are to write a check, transfer shares of appreciated securities, or donate online.

gift of cash could be right for you if:

  • You want to make a gift now. 
  • You want your gift to have an immediate impact on St. Albans.  
  • You want the largest possible tax deduction for your gift. 

How it works

You make a gift of cash directly to St. Albans and you receive an income tax deduction.

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What is an outright gift of cash?
An outright gift is any gift where you make a gift to St. Albans. The most common way for donors to make an outright gift is to write a check payable to the charity.

Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that St. Albans can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we carry out your wishes.   

Maximum tax savings
You may deduct the full amount of your donation up to 60% of your adjusted gross income, providing tax savings if you itemize. You may carry forward all of your unused deduction for up to five additional years.

Ways to give cash
Most donors make an outright gift by writing a check payable to St. Albans School and mailing it to us. You may also make a cash gift using your credit card.

 

Example

Philip Hogue would like to make an immediate $15,000 gift to St. Albans School. Philip could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Philip could make a gift using his credit card by calling us on the phone, responding to a mailing, or by donating online through our website. Gifts of checks and gifts made via credit cards are considered cash gifts.

Benefits

  • Philip may deduct up to 60% of his adjusted gross income for her gift of cash, providing tax savings if he itemizes.
  • If Philip itemizes deductions but cannot use the entire deduction in the year of gift, he may carry the balance forward for up to five additional years. 
  • Assuming Philip itemizes deductions and can use his entire income tax charitable deduction of $15,000, he will save him $5,550 (37% tax).
  • Philip will gain the satisfaction of making a $15,000 gift to St. Albans.