There are several different means of making valuable contributions to Grymes Memorial School. Every gift counts, and is greatly appreciated. Choosing the best way for you may be based on your financial situation, tax laws and financial plans.
Cash Contributions
Over half of the donations made to Grymes Memorial School are cash contributions. A cash gift entitles the donor to an income tax deduction within the year the gift is made.
| Gift Clubs |
|
$10,000
|
Founders' Circle |
|
$7,500
|
Chairman's Circle |
|
$5,000
|
Carroll Kem Shackelford Circle |
|
$2,500
|
duPont Circle |
|
$1,000
|
Hastings Circle |
|
$500
|
Headmaster's Circle |
|
$250
|
Red and White Circle |
|
$100
|
Grizzly Circle |
Securities
Appreciated securities may be the best form of assets to consider when making a charitable gift. In most cases, an outright gift of appreciated securities entitles the donor to a tax deduction for the fair market value of the securities.
The Emily Grymes Society
Donors may make a bequest to the school through their estate plan. Bequests may be for a specific amount, a percentage of the donor’s estate or even a residual portion. The Emily Grymes Society recognizes individuals or families who have notified or made arrangements with Grymes regarding gift plans through a bequest, trust, annuitiy, insurance, or other form of planned giving.
Real Estate and Tangible Assets
Donors may contribute various types of property to the school. Donations of real estate can offer a variety of tax benefits to the donor. Tangible assets including furniture, art or equipment may also benefit the school.
Endowment Gifts
As with the annual appeal, gifts to the endowment may be made in cash or stocks/securities. Many endowment gifts are unrestricted, providing the school with the flexibility to use the money as it sees fit. Endowment gifts may also be restricted - directed to specific funds within the endowment that support the school in specific areas. This is also referred to as planned giving.