The way you give determines the impact of your contribution, as well as your tax savings. Contributions may be made by VISA, MasterCard, or check, payable to the Patriot Club. You may elect to make your contribution annually or on a fiscal year that runs from July 1 through June 30. In order to acquire all benefits for the current year, your pledge must be received after July 1 with payments in full by June 30. You will automatically receive a reminder for the appropriate amount due.
Outright gifts are beneficial because they can be put to immediate use.
Any excess can generally be carried forward and deducted over as many as five subsequent years. Capital gains tax on the increase in value of the security may be avoided and an income tax deduction for the full fair-market value of the stock at the time of the gift may be realized through gifts of securities. Donors of appreciated property will realize an income tax charitable contribution deduction equivalent to the full fair-market value of the gift. Donors may realize estate and capital gains tax savings and immediate charitable income tax deductions based on the value of the assets contributed. Sample will clauses are available upon request from the foundation office.