Gifts of Cash*
The School will gratefully accept checks made payable to Gulf Stream School or charges to a Visa, MasterCard, or American Express card. Donors are entitled to an income tax deduction for the year the gift is made.
Gifts of Securities*
The School gratefully accepts readily marketable, publicly traded securities and in some cases, unregistered securities. Donors who give appreciated securities benefit in two ways. First, they pay no capital gains tax on the amount of the increase in value and secondly, their income tax deduction is equal to the average price of the security on the day the gift is made.
*Many companies offer matching gift programs for gifts made by employees (or the employees’ spouses) to non-profit organizations. These programs are a great way to increase your contribution to the School. Inquire of your employer whether your company offers a matching program and if it does, ask them to give you the proper forms. You will receive credit for the original gift and the matching gift. Both you and the company will be acknowledged in the Annual Report.
Gifts of Real Estate
The School may accept gifts of real estate (homes, lots, commercial, or industrial property). The tax deduction equals the fair market value of the property at the time of the donation. Additionally, the donor avoids the payment of capital gains tax
Bequests and Trusts
Planned giving is an excellent way to ensure a bright future for the School. Join The Heritage Society by including Gulf Stream in your estate plans. Those who make a provision for Gulf Stream in the form of an irrevocable bequest or trust are eligible. Please notify the Development Office so we can acknowledge your generosity and add your name to our records.
Gifts of Life Insurance
Donors may transfer ownership of an existing life insurance policy. The tax deduction equals approximately the current cash surrender value. A new policy could also be purchased in which the School becomes the owner and beneficiary. In both cases, the purchaser is entitled to an income tax deduction for the premiums paid each year. A gift of life insurance qualifies the donor for The Heritage Society.
Prospective donors are encouraged to discuss their charitable giving plans with their legal, financial, or tax advisers. Gifts are deductible as provided by law. Please contact the Development Office at (561) 276-5225 if you have questions.