Parents, alumni, students, neighbors, friends and corporate partners can make gifts to the Foundation (tax id: 26-1979343) and various restricted funds and programs within the Foundation using a variety of outright, pledged and planned giving methods. Naming opportunities exist for significant gifts of $10,000 and more. Opportunities to sponsor the Half Marathon & 5-K Race exist as well. Some of the more popular giving methods are listed below. As with any important charitable or event sponsorship decision, donors should consult with their own legal and tax advisors. Foundation volunteers and staff are also available to hold a confidential consultation to discuss these options with you in more detail.
Contributions to the Seaside School Foundation (tax id: 26-1979343) are tax deductible to the extent permitted by law.
Cash: Outright: Gifts made by cash, credit card, money order and check provide donors with an immediate charitable deduction and provide immediate support to the Foundation. Make checks payable to “Seaside School Foundation.”
Stock: Giving long-term, appreciated stock allows donors to avoid paying capital gains on the increase in the stock’s value. Donors also typically receive a tax deduction for the full fair market value of the stock on the date of the gift.
Pledges: Many donors may choose to make their gift over a period of time, up to five years. Donors can determine whether they want to make their gift on an annual, semi-annual, quarterly or monthly basis using cash, check, a credit card or stock.
Corporate Matching Gifts: Many companies will match or multiply a donation made to the Seaside School Foundation through their matching gift programs. As a result, donors can double or triple their gift to the cause they support by simply completing their company’s matching gift form and returning it to the Foundation Campaign Office.
Bequest: A bequest is a gift left in your last will and testament or living trust. Donors can establish a gift by adding basic language to their will or trust documents naming the Seaside School Foundation as a beneficiary of a specific amount or percentage of their estate.
Retirement Plan: Donors can support education by naming the Seaside School Foundation as the beneficiary of all or a portion of their IRA, pension, 401(k) or other retirement plan. Retirement funds are often taxed heavily when they pass to heirs. Leaving all or a portion of your retirement fund to a charity, like the Seaside School Foundation, might actually reduce the tax liability incurred by your heirs.
Life Insurance: If you own life insurance policy that you no longer need, you can name the Seaside School Foundation as the owner and beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to its cash value. If you still pay annual premiums, you can deduct the premium payment each year.