Ways to Give

Please click here to make a gift online.

Outright Gifts

Cash is the simplest way to support the efforts of the Academy.

Appreciated Securities carry two benefits that cash gifts do not: you can eliminate or greatly reduce capital gains tax exposure when you contribute securities; and you are entitled to an income tax deduction based on the fair market value of the securities as of the date of the gift.

You may make your gift of stock by electronic transfer between your broker and Fredericksburg Academy by directing your broker to electronically transfer shares to:

Fredericksburg Academy’s Cary Street Partners Account #43306134
DTC number 0141
Jackie Byrne, Account Representative
Phone: 540.735.2842
Fax: 540.735.2841

To ensure our ability to promptly acknowledge your gift, please advise your broker to name you on a trailer on the transaction confirmation and contact Director of Development Linda A. Catullo at 540.898.0020.

Real Estate, held long term, has distinct tax advantages: you pay no capital gains tax on the appreciation, and you are allowed an income tax deduction based on the property’s fair market value on the day it is transferred by deed. 

Personal Property or gifts-in-kind, such as fine art objects, antique furnishings, rare books, and other items, offer you an immediate federal income tax deduction provided the items can be used for Fredericksburg Academy’s general educational purposes. If you have questions as to the suitability of your gift, please contact the Academy.

Planned Gifts

Charitable Lead Trust: Under these trusts, donors can make gifts to the Academy and preserve their estate for heirs. They are established by a donor transferring property to a trust, specifying that Fredericksburg Academy receive the income for a period of years or for the life of an individual. The remainder interest is either retained by the donor or given to a non-charitable beneficiary, usually a family member.

Charitable Remainder Unitrust and Annuity Trust: These are trusts which pay income for life and which revert to the Academy after the death of the beneficiaries. The only requirements are a minimum amount of $50,000 to establish the trust and it is limited to two beneficiaries with the minimum age being 55 years.

Charitable Gift Annuity: This is a gift that purchases an annuity. Again, a donation of funds or property is made to the Academy. In return, Fredericksburg Academy agrees to pay the donor (and a second beneficiary, if desired) a guaranteed income for life. The amount of the annual income is fixed at the outset and never varies. The donor is entitled to an income tax charitable deduction. In addition, a portion of the annual income received is non-taxable. The minimum for a gift annuity is $5,000, and the donor must be at least 55 years old.

Bequest: A bequest is the act of naming Fredericksburg Academy in your will. It is often done by those who want to perpetuate their lifetime giving or by those who just want to “leave something” to the Academy. Many times it allows for a larger gift than is possible during a life-time. A bequest to the Academy is not subject to federal estate or state inheritance taxes. The value of the bequest is deductible in determining the taxable estate for state tax purposes and there is no limit on the amount of the tax deduction.

Life Insurance: Gifts of life insurance policies guarantee the payment of a fixed amount at a set time. A person can purchase a new policy and donate it to the Academy or donate an existing policy. The Academy becomes both the owner and beneficiary of the policy. When the gift is complete, you may claim a charitable income tax deduction equal to the cash value of the policy. Future premium payments which you pay become deductible as charitable gifts.

Leave a Legacy

For more information on leaving a legacy at FA through the donation of library books, hallway benches, and Reed Theater seats, please click here.   

Scrip

Purchasing scrip is a way to support the school at no additional cost. Scrip cards are gift cards to retailers, restaurants, grocery stores, gas stations, etc. The school receives a percentage of each scrip card sold. Please visit www.shopwithscrip.com for a list of scrip retailers and to order scrip online (use FA's code E2C76139124L8) , and please click here for the scrip paper order form.

*The gift descriptions on this page have been provided in general terms only. For more detailed information regarding these and other types of gifts, please consult your financial advisor.