Every contribution to Manhattan Day School makes a difference in the lives of our students and may also provide tax benefits to the donor. Donors may choose to specify the purpose of their contributions, such as the Capital Campaign or scholarships, or they may make unrestricted gifts that offer MDS the opportunity to respond as challenges and opportunities arise. Additionally, donors may choose to make a gift in honor or in memory of a family member or friend. The following are a few of the ways you can make a financial contribution to MDS:
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Many corporations will double or triple a gift to educational institutions such as MDS. Donors should inquire into whether their employers have matching gift programs and, if so, they should obtain the proper forms and forward them to the MDS Business Office.
Donors may choose to make a contribution to MDS that will benefit MDS in the future or over a period of years. The following are some examples of planned gifts:
Bequests: Bequests are assets that are transferred to MDS pursuant to a donor’s Will. Bequests are typically for a specific cash amount or a percentage of the estate, but they may also consist of non-cash assets. Please consider making a charitable donation to MDS in your Will.
Life Insurance or Retirement Assets: You may name MDS as the beneficiary of a life insurance policy or a retirement plan. In order to do this, you would need to specifically designate MDS on the beneficiary designation forms provided by the insurance company or policy administrator.
Charitable Remainder Trusts: Naming MDS as a beneficiary of a Charitable Remainder Trust allows the donor to remove specific assets from his or her estate, make a gift that will benefit MDS in the future, and also receive tax benefits immediately. During the term of the trust, individuals selected by the donor will receive annual payments from the trust. At the end of the trust term, the remaining trust assets will pass to MDS.
Charitable Lead Trusts: Naming MDS as a beneficiary of a Charitable Lead Trust allows the donor to remove specific assets from his or her estate, make a gift that will benefit MDS immediately by providing MDS with payments from the trust for a period of years, and also receive tax benefits immediately. At the end of the trust term, the remaining trust assets will pass to any individuals that the donor selects, such as the donor’s descendants.
Private Foundations: If you are a director of a private foundation, you may include MDS as a recipient of charitable funds from the foundation. Contributions to MDS will count towards the annual distribution requirement for private foundations.
If you have any questions about ways that you can give to Manhattan Day School, please contact Allison Rubin, Director of Development and Community Engagement, at firstname.lastname@example.org, 212-376-6800 ext 501.