You can make a credit card gift online using American Express, Discover, Visa, or MasterCard. If making a gift by check, please make it payable to St. Andrew’s Episcopal School and designate the fund name in the memo field. Gifts can be mailed to:
Office of Advancement St. Andrew’s Episcopal School 8804 Postoak Road, Potomac, Md 20854
You may have the opportunity to double or even triple the value of your gift. Many companies offer matching gift programs to their employees as part of the benefits package. Please contact your Human Resources Office to learn more about your company’s matching gift policy and to determine if you are eligible for a matching gift.
Gifts made by stock transfer are welcomed and can be processed using the information listed below. Click here to learn about the benefits of giving appreciated securities.
Electronic Transfers Wells Fargo Advisors Account Name: St. Andrew’s Episcopal School INC. Account Number: 6215-8789 DTC Number: 0141
Contact Information Call or email Mark McKnight, St. Andrew’s CFO to let him know you are making a gift of stock so we can credit your gift. Please include your name, name of the stock, and number of shares. Wells Fargo does not provide us with this information.
Mark McKnight Chief Financial Officer St. Andrew’s Episcopal School 240.477.1680 (direct) email@example.com
Donor advised funds (DAFs) provide many tax benefits to the donor, including:
1. Income Tax: You receive an immediate income tax deduction in the year you contribute to your DAF. 2. Capital Gains Tax: You will incur no capital gains tax on gifts of appreciated assets (i.e. securities, real estate, other illiquid assets.) 3. Estate Tax: Your DAF will not be subject to estate taxes. 4. Tax-Free Growth: Your investments in a DAF can appreciate tax-free. 5. Alternative Minimum Tax (AMT): If you are subject to alternative minimum tax (AMT), your contribution will reduce your AMT impact.
Pledge Fulfillment via a Donor-Advised Fund
A written expression of your intent will ensure that St. Andrew’s will always use the funds in accordance with your stated wishes. We recognize that Donor Advised Funds, particularly those administered by Fidelity, Vanguard, and National Philanthropic Trust, have prohibited their clients from using their grants to fulfill binding pledges to charitable organizations. In December 2017, in Section 4 of Notice 2017-73, the IRS addressed this issue. This notice effectively allows Donor Advised Funds to make grants that satisfy pledges as long as: 1) the DAF sponsor does not reference the pledge in the grant letter or check, and 2) The donor/advisor does not attempt to claim a charitable contribution deduction for the grant. Donor Advised Funds now routinely provide non-binding “intent to recommend” language to donors for grant distributions which non-profits will recognize as pledge payments.
If you have any questions about Donor Advised Funds, please contact David Pivorotto, Associate Director of Advancement.
If you own an IRA, Required Minimum Distribution (RMD) rules take effect at age 70 and a half. Any distribution is taxed as ordinary income, but Congress has approved legislation that makes permanent an option allowing you to make a tax-free gift each year from your IRA.
How tax-free gifts from IRAs work:
Instead of taking all or part of your required distribution, you can make a qualified distribution (up to $100,000 per person) from your IRA directly to the School; this distribution counts toward your RMD.
While there is no tax deduction, the amount you send directly to us from your IRA is excluded from your income for federal tax purposes, which effectively means you pay no income tax on this amount.
The entire amount you transfer supports St. Andrew's because the school is not required to pay income tax on the IRA distribution.
Tax-free gifts from IRAs are simple to make, but to satisfy your current year's RMD, the distribution must be completed by December 31 of the current year.
Plan for your future while helping secure St. Andrew’s future. The generosity of planned giving donors strengthens opportunities for our students, faculty and programs each and every day. Advancement staff are here to help you determine the best vehicles to meet your financial needs and make a lasting impact at St. Andrew's
To learn more or make a gift, please contact the Advancement Office at 240-477-1704.
Did you know you can give more for less by donating appreciated assets? Click here to learn more.