Ways
to Make a Gift
Pledges
Exeter encourages pledge commitments to The Exeter Initiatives. Donors may
make their endowment and capital commitments over a period of five years.
Pledges to the Annual
Giving Fund must be paid by June 30 each year. You
can make a pledge to the Annual Giving Fund
online.
Gifts of Cash
Traditionally, the majority of gifts made to Exeter come in the form of cash.
A gift of cash entitles a donor to the most generous federal income tax deduction
available for charitable contributions. You may deduct up to fifty percent
of your adjusted gross income for gifts of cash and may carry any amount
over that figure forward for up to five additional years. You
can make
a cash gift to the Annual Giving Fund
online.
Marketable Securities
A gift of appreciated securities that you have held for more than one year
is frequently the most economic way to give. You will be eligible to take
a federal income tax deduction equal to the fair market value of the stock* on
the date of the gift for up to thirty percent of your adjusted gross income
and will not have to recognize the appreciation as capital gain. You may
obtain details on the transfer of securities by calling Exeter’s Annual Giving Fund office at (603) 777-3473.
Life Income Gifts
A life income gift allows you to receive income (often an increased
income) while making a gift to Exeter. In addition, life income plans can offer
an immediate charitable deduction, avoidance of capital gains taxes and portfolio
diversification. Exeter’s planned giving staff is available to assist
volunteers, donors and their advisers in establishing life income plans. If
you would like more information regarding life income gifts, please call Exeter’s
major gifts office at (603) 777-3495.
Exeter offers a number of life income gift options:
Charitable Gift Annuity
A gift annuity is a simple contract between a donor and Exeter. In exchange
for a gift, Exeter will pay a fixed and guaranteed income. Income payments
may be received immediately for life or deferred to a future date. The
capital is invested in the Academy’s endowment and the annuity payments
are guaranteed by the school.
Charitable Remainder Trusts
A charitable remainder trust is an individually managed trust that may be
tailored to the specific needs of the donor or designated beneficiaries.
These trusts can be structured to provide income for life or for a term
of years. Most important, the trust assets can be managed for income or
growth, depending on a beneficiary’s needs. Charitable remainder
trusts can accept a broad range of gift assets and are popular because
of their flexibility.
Pooled Income Fund
A contribution to one of Exeter’s pooled income funds entitles the
donor to receive the ordinary income earned by the fund on a quarterly basis
for life and an income tax deduction equal to the present value of the amount
Exeter may expect to receive at your death.* Donors may contribute to a pooled
income fund with cash or marketable securities.
Charitable Lead Trusts
Through a charitable lead trust, Exeter receives income from the asset a
donor contributes to the trust for a term of years. At the end of this
period, the assets of the trust typically pass to younger family members.
By making this “loan” to Exeter, donors can significantly reduce
their estate and gift taxes on transfers of wealth to their children and
grandchildren.
Gifts of Real Estate
Appreciated marketable real estate is another asset with which you may
make a significant gift to Exeter. A gift of real estate will entitle you to
a federal income tax deduction equal to the fair market value of the property.* You will need to substantiate this value with an appraisal. You may take this
deduction for up to thirty percent of your adjusted gross income and any excess
over that amount you may carry over for up to five additional years.
A personal residence, vacation home or farm offers another giving option.
You may give a remainder interest to Exeter while you retain the right to remain
in and maintain the property for life. A gift of such a remainder interest
entitles you to an income tax charitable deduction equal to the present value
of Exeter’s remainder interest. Gifts of real estate must be reviewed
in advance of acceptance by an Academy committee.
Other Assets
Gifts to Exeter can come in other forms as well. For example, you may
wish to consider a gift of closely held stock, tangible personal property (if
it is related to Exeter’s educational programs) or irrevocable life insurance.
A gift of any of these assets will entitle you to an income tax deduction equal
to their fair market value of the date of the gift. You may take this deduction
for up to thirty percent of your adjusted gross income with a carry over of
any excess for up to five additional years.* Gifts that fall into this category
must be reviewed by an Academy committee.
Planned Gifts, Bequests & Campaign
Credit
Exeter greatly encourages and appreciates future gifts made through
one’s estate. Planned gifts in which the Academy’s interest is
irrevocable and for which annual statements from the fiduciary are provided
can be credited toward The Exeter Initiatives. These gifts are assets of the
school and can be considered in the long-term planning of financial support.
Past gifts of this kind were considered in setting the fund-raising goals of
the Initiatives and recent gifts are reflected in the progress toward achieving
and implementing them. Therefore, while sincerely appreciated and recognized
with membership in the Heritage Circle, bequest intentions or other gifts in
which the Academy’s interest is revocable cannot be credited
toward the financial goals of the Initiatives.
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*If you are an alternative minimum taxpayer, you may have
to exclude the appreciated portion of the value of your gift of appreciated
property from your deduction thereby limiting your income tax deduction to
your basis in the asset.
Contact Information
If you have questions about The Exeter Initiatives or about making a gift, please contact:
James M. Theisen, director
of alumni/ae affairs and development
(603) 777-3458; jtheisen@exeter.edu
Will Davison, director of major gifts
(603) 777-3243; wdavison@exeter.edu
Wayne Loosigian, director of annual giving
(603) 777-3473; wloosigian@exeter.edu
Chris Wronsky ’71, director of planned giving
(603) 777-3495; cwronsky@exeter.edu
Click here for a development office staff list.
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