Gifts of Cash
Unlike other giving methods, cash gifts will provide an immediate benefit to SRCS. Gifts of cash are
tax deductible in the current year if the gift is received by December 31st.
Gifts of Appreciated Assets
Charitable gifts of appreciated securities such as stocks, bonds, or mutual funds that have been held longer than one year
can be deducted at their full fair market value while avoiding capital gains tax. Gifts of real estate are handled the same
way, with the donor receiving the same tax benefits.
Gifts in Kind
Gifts of goods and services can be donated and are tax-deductible as provided by law. These are gifts
of tangible value, such as purchasing microscopes for the science lab or blocking sleds for the football team, for example.
Donations of automobiles or materials for a building project may also be fully deductible, depending on the type of gift.
Many employers will match an employee's charitable gifts, meaning your gifts are worth even more.
Check with your company's personnel office to see if there is a matching gifts program and if your contribution to SRCS will qualify.
Contact an administrator if you are interested in establishing a scholarship at SRCS to honor or memorialize a loved one.