Cash, Stocks & Securities
The most common ways to give to Pewaukee School District are gifts of cash, securities and stocks. To arrange a stock transfer please contact: TBD
Gifts of cash are most often made through a single payment by check, credit card or payroll deduction. Annually, Pewaukee School District also receives cash gifts through pledge payments. Payments of pledges may be established in a number of ways including monthly, quarterly, semi-annually or even spread out over several years. In most instances, cash gifts are unrestricted in nature, thus enabling Pewaukee to meet the greatest needs of the school district.
Stocks or Securities
Many individuals each year give Pewaukee School District stock or appreciated securities. These gifts offer the donor the opportunity to realize significant tax advantages.
Gifts of Appreciated Securities
A charitable gift in the form of long-term appreciated securities generally provides two important tax advantages to the donor. First, the donor is entitled to a charitable income tax deduction based on the fair market value - not the cost basis - of the securities, provided that they have been owned for more than 12 months. Second, the donor avoids any potential tax on the capital gains and any sales commission that would be payable upon sale of the securities. Securities can be donated outright or transferred to fund life-income gifts, and can include publicly traded common stocks and bonds.
A donor, who is in the 31% income tax bracket, owns securities currently valued at $50,000 that were purchased several years ago for $20,000. The donor contributes the securities to Pewaukee School District and realizes a $50,000 charitable deduction that saves $15,500 in income taxes (31% of $50,000). In addition, the donor avoids the potential capital gains tax on the $30,000 paper profit for a further benefit of $6,000 (20% of $30,000).
The full fair market value of gifts of long-term, capital gains securities or real estate is deductible up to 30% of a donor's adjusted gross income. Any amount in excess of the 30% ceiling can be carried forward for five years.
Transferring Securities to Pewaukee School District
The process to transfer securities is easy. When securities are in the possession of the donor they should be delivered to Pewaukee School District, without endorsement, by registered mail. A stock power bearing the donor's signature guaranteed by a commercial bank should be delivered separately. If the certificates are already endorsed, the stock power is not required. However, the certificates are therefore negotiable and should be hand-delivered or sent by insured mail.
The gift value of the stock is the mean of the published high and low price as of the latest postmarked date or the date the securities are hand-delivered.
If your securities are held in "street name", you can instruct your broker to transfer them to Pewaukee High School through our DTC account at: TBD. It is important to notify Pewaukee School District with the name of the stock that will be donated. The following information should be supplied to the donor's broker. Please communicate directly with: TBD
Gifts of Depreciated Stocks
If the securities have depreciated in value, it is not recommended that they be donated directly. It is generally to the donor's advantage to sell the securities to establish a tax deductible loss and then donate the cash proceeds to Pewaukee School District.