Louisville Collegiate School is a 501(c)3 not-for-profit organization.
Gifts of cash must be postmarked or given online by December 31, 2016, in order to count as a charitable gift in 2016. It is advisable to consult your tax or financial advisor before making charitable donations as Louisville Collegiate School does not provide tax advice.
Gifts of Cash
Gifts of cash may be made either outright or as a multi-year pledge. These gifts may be fully deductible up to 50% of the donor's adjusted gross income, with the excess deductible over a number of years.
Click here to give online:
Mail check to:
Louisville Collegiate School
2427 Glenmary Avenue
Louisville, KY 40204
Gifts of Securities
Please note that U.S. stock markets will be closed on December 26, 2016 in observance of Christmas. US stock markets will also not be open on December 31, 2016 which is a Saturday.
Gifts of securities may be made either outright or as multi-year pledge. Such gifts may allow the donor to receive a charitable deduction (for up to 30% of AGI for the full fair market value of the security) while avoiding both capital gains and alternative minimum taxes on the increased value of the security.
Gifts of securities can be made through any brokerage firm. Hilliard Lyons, a valued corporate partner, maintains a brokerage account for the School.
Contact: Todd Hinton
Tax-favored charitable gifts from IRA accounts update (12.6.2016)
Good news: for those age 70 ½ and older, it is possible to make tax-favored charitable gifts from IRA accounts.
On December 18, 2015 President Obama signed legislation that makes this provision permanent. A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities such as Louisville Collegiate School, free from federal income tax each year. These gifts count toward the mandatory draw down of IRA holders 70 1/2 or older. There may also be state income tax savings.
An important note: To make such gifts, it is important to not withdraw the funds yourself; instead have the gift amount distributed directly from an IRA to one or more qualified charities. By taking possession of the funds yourself, at any point, you lose the benefit of this tax-free provision. For those with check-writing privileges on their IRA accounts, writing a check may be the most efficient way to make gifts directly from an IRA.
Contact: Mandy Helton
Other ways to give:
Gifts of tangible property such as real estate, artwork, books, and equipment may be made outright to the School. Donors may avoid the capital gains tax and receive a charitable deduction for the full fair-market value of the property.