In addition to Online Giving, there are many other giving options, each with different potential tax benefits. Gifts may be tailored to express the donor’s interests and financial situation.
Make your gift to the The Hebrew Academy online with Visa or MasterCard. Making a gift to The Hebrew Academy via the Internet is safe, fast and easy. With our secure server all data on this form is safely and securely submitted online.
Most donors find that a personal check is the easiest way to make a gift. These donations are fully tax-deductible and have an immediate impact upon the program for which the funds are allocated. Checks should be made payable to "The Hebrew Academy" and mailed to The Hebrew Academy, 315 N. Main Street, New City, NY, 10956
Another immediate way for donors to contribute is through a credit card gift. These gifts can be made by calling the School Office at 845-634-0951 or completing our online pledge form with the appropriate information. The Hebrew Academy accepts Visa or MasterCard. Remember airline miles!! To offset the cost of credit card payments we ask that you consider adding 2% to your gift.
Double your gift! Many employers offer a matching gift program to encourage employees, retirees and their family members support of nonprofit organizations. Specific details about your matching gift program can be obtained through the Human Resource office at your work place.
Donations of technology, equipment, furniture and other items relevant to our educational program and in good condition are welcome. The donor, through appraisal or record of purchase, determines gift value. If the in-kind gift is of direct and immediate use to The Hebrew Academy in fulfilling its mission (such as new computer equipment for instructional use); a donor may deduct the full fair market value.
In giving securities to The Hebrew Academy that have increased in value since you bought them, not only can you take the current market price as a tax deduction, you owe no income tax or capital gains tax on the increase. This is an excellent time to take advantage of large increases in your securities holdings. Some donors have stocks that have appreciated over time and would rather donate these than cash to the school. These gifts are unique in that the donor can take a federal tax deduction for the full, fair market value of the stock, regardless of how much the donor paid for the stock. No capital gains taxes apply. For more information please call Rabbi Kotlarsky at 845-634-0951.
Gifts of appreciated stocks or mutual fund shares provide immediate support to the school. Donors may realize substantial tax savings by transferring appreciated stock or securities to the school prior to the sale. Capital gains on the amount of appreciation may be avoided, and the donors receive a tax deduction based on the fair market value of the stock or property at the time of the gift.
A number of planned gift vehicles exist for donors to make gifts to a charity over time. Some of these include gifts of life insurance, bequests, remainder trusts and other annuities. Many unique and beneficial tax advantages can be gained through these gifts. Please contact Rabbi Kotlarsky at 845-634-0951. Planned giving allows almost any individual to provide a gift to The Hebrew Academy while carrying out his or her own financial goals. Through planned giving, donors may find that they are able to make a more generous gift to The Hebrew Academy while receiving financial benefits such as increased current income, tax savings, avoidance of capital gains tax, and reduced estate settlement costs.
Gifts of real estate including personal residences, vacation homes, commercial properties, farms, and unimproved land may provide exceptional tax benefits for the donors while providing support for the school. Similar to the situation with appreciated stock and securities, if the ownership of the unencumbered real estate is transferred to The Hebrew Academy prior to its sale, the donors will likely avoid the capital gains tax associated with that appreciation.
A major gift to The Hebrew Academy may be funded with a new or old life insurance policy at a relatively small cost. There are many ways in which life insurance policies can be used to make a contribution, all of which provide tax deductions and may enable donors to make a larger gift than otherwise possible.
A valid, updated will is the cornerstone of an effective estate plan, and a bequest is a provision in your will to make a gift to the future of The Hebrew Academy. Please notify the school if you have already included, or plan to include the school in your estate plans. Planned giving, wills, trusts or retirement plans, can be an advantage both to you and to The Hebrew Academy by securing your future and the future of the school as well.
Thank you for considering a gift to The Hebrew Academy! Every gift made to our school is tax-deductible. As you consider your year-end tax planning, we hope you will consider The Hebrew Academy. Your year-end gift can significantly reduce your income taxes, while providing meaningful support for us.