Variety and Flexibility in Giving

Many types of gifts will enable donors to realize an immediate tax savings others will also provide larger income to the donor. Our goal is to present donors with financial options that benefit them, as well as the school.

Most of our financial vehicles provide the donor with income for life. These types of gifts include gift annuities, deferred gift annuities, the pooled income fund and trusts. These vehicles pay a rate of return that often exceed money market and CD rates. In addition, some of these vehicles avoid capital gains taxes and reduce estate taxes. We also work with donors who make gifts through their estates while preserving assets for their current needs. Donors who have included CSG in their estate plans will become members of the Order of the Golden Unicorn.

We are available to assist you in achieving your tax, estate planning and charitable giving objectives, and are pleased to provide personal financial projections to you and your financial advisors.

Please call Katie Chatas,'84 800-486-0781 ext. 131 or Kim Rice Wilson, '80, 800-486-0781, ext. 130 for more information.

Gifts of Cash

A cash gift entitles donors to income tax charitable deduction in the year of the gift. Contributions may now be made online through our secure server.

Gifts of Securities

In most cases, an outright gift of appreciated securities entitles donors to an income-tax charitable deduction for the fair market value of the securities and, in the case of securities which have been held for more than one year, the avoidance of the capital gains tax.

Why should I make a gift of appreciated securities?

CSG encourages contributions of appreciated securities that have been held for more than 12 months. Donors receive an income-tax deduction for their gifts and they do not have to pay any capital gains, in most cases. Many donors have highly-appreciated assets which are not producing a substantial yield. In this situation, donors should consider a gift of stock and reinvest with cash in an investment with a higher return. The gift "costs" less since the donor will receive a substantial income-tax deduction and will not pay capital gains. This will also increase annual investment income.

Advantages of Giving Stock

How do I make a Gift of Stock?

Follow these simple steps to make a gift of stock:

1) Notify us of your intention to make a gift of stock. Call or email Katie Chatas '84 at (614) 252-0781 ext. 131 or kchatas@columbusschoolforgirls.org or Kim Rice Wilson '80 at 614-252-0781 ext. 130 or kimricewilson@columbusschoolforgirls.org.

In order to properly credit your gift, we must be aware of the transfer
details. Because DTC information often does not include the owner of the assets,
stocks sent without advance notification cannot be matched to the donor(s).

2) Supply your broker with the following information:

Merril Lynch
(614) 848-3313

Account Number: 79E-04132
DTC Number: 5198

3) Send a copy of your stock transfer authorization letter
or details of the gift   (stock name, number of shares, approximate date of
transfer) to Katie Chatas '84 at (614) 252-0781 ext. 131 or kchatas@columbusschoolforgirls.org or Kim Rice Wilson '80 at 614-252-0781 ext. 130 or kimricewilson@columbusschoolforgirls.org.

In accordance with IRS guidelines, the date of the gift will be the date that 
CSG assumes ownership of the shares.  For crediting purposes, the
value is determined as the average of high and low listings for the stock on
that date. 

How do I determine the Charitable Contribution Amount for a Gift of Appreciated Stock?

CSG will acknowledge the date your gift was received, the stock name and the number of shares received. Your broker should supply you with the date of transfer, the name of stock transferred, the number of shares transferred and the price per share on the date of transfer. The value of gift is the average between the high and the low price on the date of the gift.

What Date Controls the Valuing of a Gift of Stock?

In general, the gift date which you relinquished control of the stock to Columbus School for Girls controls the valuing of the stock, such as the date your broker transfers the stock to our account or the date you deliver the stock to our Development Office.

Bequests

One important way in which you can remember Columbus School for Girls is with a deferred gift.

For many, planning a deferred gift remains the most feasible way to make a substantial gift to CSG. A bequest to CSG is deductible for Federal estate tax purposes, and therefore, the gross reduction in assets of your estate is partially offset by the state tax savings. Additionally, you gain the satisfaction of providing a contribution to an institution, which made a significant impact upon your future and now on the future of tomorrow's young women.

To be included in the Order of the Golden Unicorn, Columbus School for Girls simply needs a letter from you stating that CSG will be included in your Will or Trust.

If you have questions, or if we can be of assistant to you in determining your best giving options, contact the CSG Development Office at:

Katie Chatas,'84 or Kim Rice Wilson,'80
Co-Interim Development Directors and External Relations
kchatas@columbusschoolforgirls.org or kimricewilson@columbusschoolforgirls.org
Columbus School for Girls
56 South Columbia Avenue
Columbus, OH 43209
1-800-486-0781, ext. 130

Remainder Gifts

Through a remainder gift, donors may contribute assets, such as securities or real estate, and retain for life the income from those assets for himself or herself, or his or her spouse, or both. A remainder gift permits the donor to take an income-tax charitable deduction for a portion of the value of the gift.

Furthermore, if the gift takes the form of appreciated securities or real estate, the donor does not pay capital gains tax on the appreciation.