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Making a Tax Deductible Gift
Kenston Forest School is a non-profit 501C3 status institution, approved
as such by the Internal Revenue Service. To discuss gifts
and named gift
opportunities, please contact Marvin Thomas at Kenston Forest
School, (434) 292-7218.
We welcome donations from friends, alumni, foundations, and
corporations to support the annual campaign, capital improvement
plans, the endowment, and other worthwhile projects. Gifts
may be made in the form of cash, securities, real estate,
gifts-in-kind, corporate matching funds, life insurance and
deferred annuities or trusts.
Gifts of Cash
Gifts of Cash are the most common and generally most simple to
make. Checks should be made payable to the
Nottoway-Lunenburg Educational Foundation.
Gifts of Securities
Gifts of appreciated stocks, mutual funds or bonds may provide
an
advantageous gift. If assets have been held for more than
one year, the
gift may qualify for a charitable deduction for its full market
value and
avoid capital gains tax. The easiest way to make a gift of
securities is to
ask you broker or banker to transfer the stock to benefit
Kenston Forest
School.
Gifts of Real Estate
Gifts of homes, farms, land and other real property can have the
same tax
benefit as a gift of securities. By making a gift of
property, you avoid a
capital gains tax and receive a charitable deduction for the
full market
value of the property.
Gifts-in-Kind
Providing products related to the "charitable purpose" of
Kenston Forest
School allows the donor the tax advantage of a tax deduction
while providing for the needs of the school.
Corporate Matching Funds
Many companies have matching gift programs where your charitable
gift is
matched. Your employer's personnel office can provide
forms and information needed to participate in such a program.
This is an easy way to double or even triple your gift and
receive a tax break at the same time.
Life Insurance and Deferred Gifts
Deferred gifts help build a solid foundation for the future of
Kenston
Forest School. Gifts of this nature are particularly
appropriate for those
who wish to support the school with a gift that may not be
possible to make outright. For example, by designating
Kenston Forest School as both the owner and beneficiary of a
life insurance policy, you are eligible for an immediate
charitable contribution for the policy's fair market value or
the net of premiums paid, whichever is less. Other
examples of deferred gifts include wills and bequests, life
income gifts, charitable lead trusts,
retirement plan gifts and retained life estates.
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