Ways of Giving

There are many ways to contribute to PCD’s financial strength and we will be happy to consult with you to help identify the best way to meet your financial objectives.

Online gifts are processed on a secure server to protect your personal information and transaction details.

Cash

The easiest and most common way to support PCD is by giving cash through personal or corporate checks, or credit cards. Cash gifts are tax-deductible to the extent permissible by law and can be reduce your annual tax payments.

Matching Gifts

Many companies match the philanthropic gifts given by their employees. Please contact your employer directly to determine whether it (or your spouse's employer) is a matching gift corporation.

Appreciated Securities

Making a gift of appreciated securities offers the donor two benefits:

  1. No capital gains taxes are assessed on the long-term appreciated portion of the gift;
  2. The donor can claim a charitable deduction for the full market value of the securities at the time of the gift.

Federal law limits the tax deduction for gifts of appreciated securities up to 30% of the donor’s adjusted gross income each year, allowing the donor to apply the excess deduction over the next five years (at a maximum of 30% per year).

Stock transfer instructions may be obtained by contacting development@providencecountryday.org.

Bequests/Living Trusts

A bequest is a gift of cash, securities, or real property, made upon the donor’s death through provisions in his/her will or living trust. The amount of the gift is exempt from estate taxes.

Retirement Assets

Designate Providence Country Day School as the beneficiary of qualified pension plans, IRAs, Keoghs, commercial deferred annuities, or employee stock options. Retirement assets are among the most tax-burdened assets you can own. This method allows you to use the assets during your and your spouse’s lifetime, while providing the opportunity for you to make a large future gift and reduce your taxable estate.

Tangible Property

You may donate personal property that you have owned for more than one year. You can claim a deduction for the full fair market value on the date of the donation, up to 30% of your adjusted gross income (with a five-year carry over for any excess). Eligible exempt use property might include a painting to be displayed in a PCD building or a rare book to add to our library. If the gift does not have an exempt use, the donor’s deduction will be limited to his/her basis, but the donor can claim a deduction of up to 50% of his/her gross adjusted income. If you are considering making a gift of tangible property please consult with our Development Office and your attorney.

Life Insurance

Donors may assign ownership of a life insurance policy and/or designate PCD as the sole beneficiary of a life insurance policy and receive an immediate charitable deduction for the donor’s basis or the policy’s net cash value (whichever is less). If the donor continues to pay premiums, he/she will receive an additional deduction for the payment amounts.