If you are not ready to make your cash gift, you can pledge your commitment to GA to be paid prior to the end of the fiscal year. You can do so by contacting the Office of Institutional Advancement. You will receive quarterly reminders at your request. Additionally, you may prefer to spread out the payments of a significant gift up to five years on a schedule convenient to you. A pledge may allow you to contribute more significantly to Germantown Academy than might otherwise be possible, while extending tax advantages over a period of several years.
Gifts of Real Property
Germantown Academy can benefit from gifts of all types of real property, such as a residence, a vacation home, a farm or commercial property, or undeveloped land. Donation of real property to GA can substantially reduce federal and state income tax liability as well as provide an immediate solution to marketing problems, eliminate carrying costs and remove the property from your gross taxable estate. A gift of property to GA would entitle you to a charitable deduction for the property's fair market value. Your deduction is limited to 30% of your adjusted gross income, with a five-year carry-over for any excess. Contact Martin Dean if you are interested in learning more.