Gifts qualify for a charitable deduction equal to the full amount of the gift. Federal law limits the deduction in any one year to 50% of adjusted gross income. Any excess over the amount deducted the first year may be carried forward over the next five years (up to an annual 50% ceiling) until the value of the gift is fully deducted. Please mail your check, payable to Solebury School Annual Fund, 6832 Phillips Mill Rd, New Hope, Pa 18938-9682.
Solebury School accepts gifts by MasterCard, VISA or American Express. You may specify the date when you wish your card to be charged. Gifts can be made on a monthly, quarterly, semi-annual or annual basis.
Giving appreciated securities which you have held more than one year can be advantageous tax-wise. By giving the stock directly to the school (do not sell the stock first and send the proceeds to Solebury), you will receive a tax deduction equal to the fair market value of the securities on the date the school receives the stock. In addition you do not pay any capital gains tax on the appreciation of the stock. Federal law limits deductions in any one year to 30% of adjusted gross income. Any excess can be carried forward over the next five years up to an annual 30% ceiling.
For more information, please visit our page on donating securities.
Bank Wire Transer
Please contact Patti Finn, Assistant Business Manager at 215-862-5261 for bank information needed to transfer funds by wire.