Donors can support Poughkeepsie Day School in numerous ways. Each provides the School with needed financial support while enabling the donor to realize immediate tax savings.

Gifts of Cash

A gift of cash entitles the donor to a charitable deduction against income. The deduction is taken in the year in which the cash is given. If the amount of your gift exceeds 50 percent of adjusted gross income, you may carry over the excess of the contribution for up to five years. To make an outright gift, please send a money order or check payable to Poughkeepsie Day School.

Appreciated Securities

A gift of long-term, appreciated securities is advantageous to the donor in two ways: income taxes are reduced because of the charitable donation, and the capital gains tax that would have applied had you sold the shares yourself is avoided. Gifts of appreciated securities may also allow the donor to make a larger gift to PDS than might have been able with cash. If you have owned the appreciated securities for more than 12 months, you can claim as an income deduction up to 30 percent of your adjusted gross income in the year of the gift. Unused deductions can be applied to as many as five future tax years. Directions for transferring securities.

 

Matching Gifts

If you work for a company that matches gifts to schools, your contribution to PDS may be doubled. Please ask for forms in your benefits or human resources office.

If you are an employee at IBM, please contact Sandra Moore before you make your donation as IBM has a special matching program for K-12 schools.