In-kind contributions such as real estate will be credited to the Campaign based upon the appraised value of the gift at the time it is made, provided there are no restrictions regarding the liquidation of the gift. More generally, these terms mean the amount originally placed in trust, recorded in an annuity agreement, or designated for Mercersburg through a will. The present value of a gift is considered to be the amount of the charitable gift deduction allowed by the IRS on the date the gift is made. For purposes of Campaign crediting, the date of all bequest intentions and life income gifts to the campaign is deemed by the Steering Committee to be December 31, 2007. Such income will be used to meet the school's most pressing needs, as determined by the administration and Board of Regents.
Unrestricted gifts provide the greatest flexibility to the school.
Restricted gifts to the endowment designate the use of annual income for a specific purpose such as financial aid, faculty support, or a particular program. A list of naming opportunities for facilities and other campaign purposes is available on request. Alumni, parents, and friends will therefore be asked to continue to support the Annual Fund at an increasing rate, while considering additional gifts for the Campaign. 128 E. Seminary Street, Mercersburg, Pennsylvania 17236. Checks should be made to Mercersburg Academy.