 | | Personal or Business Checks Checks should be made payable to Wellington School and mailed to 3650 Reed Road, Columbus, Ohio 43220; attn. Development Office. Any special designations should be noted in the memo field. |
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| Credit Card Credit card transactions can be facilitated for any amount. You will need to provide, by phone or mail, the account number, the expiration date and indicate the amount of the transaction. MasterCard, Visa, Discover or American Express are all accepted. Please note that Wellington incurs a processing fee for all credit card transactions. |
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| Automatic GiftingRationale for Competencies
Monthly credit card charges can be established to facilitate your regular investments. You can set this up online or contact the Development Office directly. |
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OnlineYou can also make a credit card gift through a secure online feature. You do not need to have a PayPal account, but the site is supported and secured by PayPal, so you can rest assured that your credit card information is secure. |
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| Gifts of Stock Giving securities allow you to realize a double tax advantage by claiming the charitable gift tax deduction and by allowing you to avoid capital gains tax on appreciated securities. Gifts can easily be transferred electronically. Please contact the Development Office for transfer instructions. |
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| Mutual Funds Mutual fund shares can be gifted by transferring them into The Wellington School name. It can take several weeks for this type of transfer to be accomplished. For assistance, please call the Development Office. |
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| | Giving Tomorrow (planned and estate gifts) BequestRationale for Competencies
A simple addition to your will can gift a portion or fixed amount of your estate to Wellington. Bequests can be for a specific purpose or remain unrestricted. Bequest provisions for Wellington will reduce the taxable portion of your estate. |
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Charitable Gift AnnuityRationale for Competencies
In return for a gift of cash, securities or property, a donor or designated beneficiary receives an income for life, guaranteed by the school’s assets. An immediate charitable deduction can be taken for the gift. Like a bequest, the gift annuity, which will pass to the school upon the death of the last beneficiary, can be designated to a specific purpose. |
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Charitable Remainder TrustRationale for Competencies
Upon placing your gift of cash, securities or property in this type of trust, you or a designated beneficiary can expect an annual return of income based on the value of the trust’s assets. The school becomes the final beneficiary when the trust matures, either at the death of the last beneficiary or after a set number of years. An immediate charitable deduction is available upon the establishment of a Charitable Remainder Trust. |
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Lead TrustRationale for Competencies
A lead trust is a means of transferring substantial assets to your heirs at very low tax rates by permitting the income of those assets to go to a charitable institution like The Wellington School. Assets are transferred to the trust and either a fixed or variable return on them is paid to the school yearly. After a chosen number of years the payments cease and assets revert to you or your heirs. |
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Life InsuranceRationale for Competencies
The Wellington School can be named the beneficiary of a life insurance policy, retirement or pension plan. In the case of life insurance, ownership of the policy can be transferred outright to the school with subsequent premium payments by the donor being tax-deductible. |
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OtherRationale for Competencies
Other planned giving options include Totten Trusts, Unitrusts and Retained Life Estates. The Development Office can help you discover the option that best suits you and your financial situation. |
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Notes on the tax-deductibility of your gift:
The Wellington School is a 501 (c)(3) organization. Nearly all gifts made to Wellington are considered tax-deductible. We will issue a written receipt for all contributions. According to the IRS, it is the donor’s responsibility to substantiate the gift value and the gift date. The IRS defines the gift date as the date control of the asset is relinquished by the donor. For checks or shares of stock in certificate-form delivered by mail, the gift date is the postmark date on the envelope. For credit card gifts, the gift date is the date the contribution is charged to your account. For securities transferred electronically or shares of a mutual fund, the gift date is the date of transfer. Further information can be obtained through IRS Publication 526.
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