In addition
to Online Giving, there
are many other giving options, each with different
potential tax benefits. Gifts may be tailored to express
the donor’s interests and financial situation.
Online
Giving
Make
your gift to the Jack M. Barrack Hebrew Academy online with
Visa or MasterCard. Making
a gift to Jack M. Barrack Hebrew Academy
via the internet is safe, fast and easy. With our
secure server all data on this form is safely and
securely submitted online.
Gifts
of Cash
Most donors find that a personal check is the easiest
way to make a gift. These donations are fully tax-deductible
and have an immediate impact upon the program for
which the funds are allocated. Checks should be made
payable to "Jack M. Barrack Hebrew Academy" and mailed
to: Jack M. Barrack Hebrew Academy
Development Office
272 S. Bryn Mawr Avenue
Bryn Mawr, PA 19010
Credit Cards and Pledges
Another immediate way for donors to contribute is
through a credit card gift. These gifts can be made
by calling the Development Office at 610-922-2322 or completing our online
pledge form with the appropriate information.
Barrack Hebrew Academy accepts Visa or MasterCard. Remember airline
miles!!
Matching Gifts from Employers
Double your gift! Many employers offer a matching
gift program to encourage employees, retirees and
their family members support of nonprofit organizations.
Specific details about your matching gift program
can be obtained through the Development Office, or
the Human Resource office at your work place.
Gifts-in-Kind
Donations of technology, equipment, furniture and
other items relevant to our educational program and
in good condition are welcome. The donor, through
appraisal or record of purchase, determines gift value.
If the in-kind gift is of direct and immediate use
to Barrack Hebrew Academy in fulfilling its mission (such as new computer
equipment for instructional use); a donor may deduct
the full fair market value.
Appreciated Stocks or Securities
In giving securities to Barrack Hebrew Academy that have increased
in value since you bought them, not only can you take
the current market price as a tax deduction, you owe
no income tax or capital gains tax on the increase.
This is an excellent time to take advantage of large
increases in your securities holdings. Some donors
have stocks that have appreciated over time and would
rather donate these than cash to the school. These
gifts are unique in that the donor can take a federal
tax deduction for the full, fair market value of the
stock, regardless of how much the donor paid for the
stock. No capital gains taxes apply. For more information
please call Elyce Teitelman, Executive Director of Institutional Advancement,
at 610-922-2322. Gifts
of appreciated stocks or mutual fund shares provide
immediate support to the school. Donors may realize
substantial tax savings by transferring appreciated
stock or securities to the school prior to the sale.
Capital gains on the amount of appreciation may be
avoided, and the donors receive a tax deduction based
on the fair market value of the stock or property
at the time of the gift.
Planned Gifts
A number of planned gift vehicles exist for donors
to make gifts to a charity over time. Some of these
include gifts of life insurance, bequests, remainder
trusts and other annuities. Many unique and beneficial
tax advantages can be gained through these gifts.
Please contact Elyce Teitelman, Executive Director of Institutional Advancement,
at 610-922-2322. Planned giving allows almost
any individual to provide a gift to Barrack Hebrew Academy while carrying
out his or her own financial goals. Through planned
giving, donors may find that they are able to make
a more generous gift to Barrack Hebrew Academy while receiving financial
benefits such as increased current income, tax savings,
avoidance of capital gains tax, and reduced estate
settlement costs.
Real Estate
Gifts of real estate including personal residences,
vacation homes, commercial properties, farms, and
unimproved land may provide exceptional tax benefits
for the donors while providing support for the school.
Similar to the situation with appreciated stock and
securities, if the ownership of the unencumbered real
estate is transferred to Barrack Hebrew Academy prior to its sale,
the donors will likely avoid the capital gains tax
associated with that appreciation.
Life Insurance
A major gift to Barrack Hebrew Academy may be funded with a new or
old life insurance policy at a relatively small cost.
There are many ways in which life insurance policies
can be used to make a contribution, all of which provide
tax deductions and may enable donors to make a larger
gift than otherwise possible.
Bequests
A valid, updated will is the cornerstone of an effective
estate plan, and a bequest is a provision in your
will to make a gift to the future of Barrack Hebrew Academy. Please
notify the school if you have already included, or
plan to include the school in your estate plans. Planned
giving, wills, trusts or retirement plans, can be
an advantage both to you and to Barrack Hebrew Academy by securing
your future and the future of the school as well.
Thank you for considering a gift to Barrack Hebrew Academy!
Every gift made to Barrack Hebrew Academy is tax-deductible. As you
consider your year-end tax planning, we hope you will
consider Barrack Hebrew Academy. Your year-end gift can significantly
reduce your income taxes, while providing meaningful
support for us.
