Pingry offers a variety of individually tailored gift options that provide donors with maximum convenience and flexibility. Contributors may find that the resulting tax advantages enable them to make a significantly larger gift to Pingry than they had thought possible. These gifts will support essential programs at the school, and help ensure that Pingry continues its tradition of excellence.
Just as a wise investor will look for ways to maximize the return on an investment, a wise donor will take advantage of tax incentives specifically intended to encourage charitable contributions. Such incentives often enable a donor to make a larger gift at no additional, or even a reduced, out-of-pocket cost.
While outright gifts are most immediately helpful to Pingry, donors may make a contribution in a variety of ways. Many of these offer substantial tax, estate planning, and other financial benefits. As a result, donors may enhance financial security for themselves and their families, while also making a substantial commitment to strengthening the future of Pingry.
Pingry's Development Office staff welcomes the opportunity to meet with you and your advisors to discuss how you can include The Pingry School in your charitable plans. All discussions will be held in the strictest of confidence.
Using our online payment system or writing a check to The Pingry School is a simple and direct way to contribute. Cash contributions entitle you to a tax deduction for the full amount of the gift. In addition to checks, we will also accept Visa, MasterCard, and American Express.
Rather than making an outright cash gift, you may prefer to spread out the payments for up to five years on a schedule convenient to you. A pledge may allow you to contribute more significantly to Pingry than might otherwise be possible, while extending tax advantages over a period of several years. You can pledge online or by contacting the Alumni and Development Office.
Gifts of appreciated securities can be particularly beneficial to both you and Pingry. Long-term securities (those held more than a year) earn a deduction on their fair market value on the day of the gift. In addition, neither the school nor the donor is subject to capital gains tax on those securities. Short-term securities earn a deduction on their original cost to you. Gifts of readily marketable securities will be credited at fair market value at the average of the high and low quoted selling price on the date the donor relinquishes control of the asset. We ask that donors making a gift of stock contact the school before the transfer is made, so that we may credit the donor properly.
Pingry works with several brokerage firms for your convenience. Please contact the Alumni & Development Office for specific transer instructions. (908) 647 - 7058
A company or foundation that matches gifts can often double or triple contributions to Pingry. Click here to search for companies that match gifts or contact your personnel office for details or call the Alumni and Development Office for more assistance.
Please contact the Development Office before proceeding with the following gifts:
Valuable personal property - books, works of art, antiques - often appreciate over time, presenting additional opportunities to contribute to Pingry. Such gifts may reduce your estate tax liability and lower your taxable income in the year of the donation.
For many donors, the most advantageous way to support Pingry is through gifts of real estate. You may deed property outright to Pingry, transfer ownership of some or all of the property to Pingry while retaining residency rights, or include real estate in a bequest to Pingry. All gifts of real estate are subject to advance approval by the school.
Bequests and charitable trusts are popular vehicles through which you can provide charitable support to Pingry. They can also provide significant financial benefits for you and your loved ones. All planned giving donors are members of the C. B. Newton Society, Pingry's planned giving recognition society. We suggest that you seek advice from your financial and legal advisors when considering these options.
Throughout its history, Pingry has received significant commitments in the form of bequests. Because bequests are exempt from federal and state inheritance taxes, and subject to an unlimited deduction, you may find that a commitment through your will - combined with an outright pledge - may allow you to contribute more significantly to Pingry than you thought possible.
If you are seeking ways to pass assets on to your heirs - and if your current income exceeds your personal financial requirements - a Charitable Lead Trust may provide income and estate tax benefits. A Charitable Lead Trust is created by placing assets in trust for a period of years, with a specific amount being paid to Pingry in each of those years. At the end of that time period, the assets are passed on to your beneficiaries. A Charitable Lead Trust may be established with a minimum contribution of $100,000 and the donor must be 60 years of age or older.
If you would like to make a significant gift to Pingry but are concerned about giving up a portion of your income, you may find the Charitable Remainder Trust particularly advantageous. If you are at least 60 years of age, you can create a Charitable Remainder Trust with a minimum gift of $100,000 in cash, securities, or property to Pingry in exchange for an agreed-upon income for life or a specific number of years (not to exceed 20 years). The principal of the gift is released to the school for spending purposes upon the death of the beneficiary (the individual receiving the income) or the end of the agreement term.
Life insurance is an often overlooked vehicle for contributing to Pingry. When you name Pingry as both owner and beneficiary of a policy, the school gains invaluable financial support, while you receive a substantial charitable deduction. The value of a fully paid policy is its cash surrender value. If the school elects to pay premiums, these payments will be considered operating expenses and will not increase the cash surrender value of the gift.