Outright Gift

An outright gift is the simplest of all gifts to make and provides Ransom Everglades with the greatest and most immediate support. Most donors make outright gifts by writing a check, but outright gifts of other kinds of assets are certainly possible.

A outright gift could be right for you if:

  • You have cash or other assets that you want to donate
  • You want the largest possible tax deduction for your gift
  • You would like to make a gift to Ransom Everglades that has the greatest immediate impact

How It Works

  1. You transfer cash, publicly-traded securities, or other assets directly to Ransom Everglades.
  2. Receive an income tax deduction.

Your Benefits

  1. Save taxes
  2. Gain the satisfaction of making a gift that will provide immediate support to Ransom Everglades

How Your Gift Helps

Your gifts to Ransom Everglades help to secure our future as one of the premier independent schools in the nation. It will provide Ransom Everglades with the resources to…

How Your Gift Helps How Your Gift Helps How Your Gift Helps
hire and retain passionate educators who continue to inspire our students; integrate emerging technologies into all aspects of the learning process; ensure that a RE education is within reach of all students.

 

Show more detailsHide details

What is an outright gift?
An outright gift is any gift where you transfer all ownership of an asset to Ransom Everglades and retain no rights to the asset whatsoever. The most common way for donors to make an outright gift is to write a check payable to the charity.

Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that Ransom Everglades can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we carry out your wishes.

Assets to consider

Cash
This is the simplest way to make an outright gift. Just write a check payable to Ransom Everglades. You may deduct the full amount of your donation up to 50% of your adjust gross income. You may carry forward all unused deduction for up to five additional years.

Publicly-traded securities
It is easy to make an outright gift using publicly-traded securities. The amount of your deduction will depend on how long you have held your securities.

If you have held your securities for more than 12 months, you will be able to deduct their full value up to 30% of your adjusted gross income. If you have held your securities for 12 months or less, you will be able to deduct either their current full value or what you paid for them, whichever is less, up to 50% of your adjusted gross income. Either way, you may carry forward all unused deduction for up to five additional years.
If your securities have decreased in value while you have owned them, you will save more taxes if you sell the securities first and then donate the proceeds.

Other assets
It is possible to give us assets other than cash or publicly-traded securities. Please contact us to discuss these possibilities if you are considering such an asset for a gift.

Example

Susan Spencer would like to make a $15,000 gift to Ransom Everglades. Susan could write a check for this amount and earn a nice charitable deduction. Alternatively, she will be able to save even more in taxes by giving stock worth $15,000 instead. After reviewing her plans with her investment advisor, Susan decides to give shares of Widget Corporation worth $15,000. She paid just $500 for these shares when she bought them over 20 years ago.

Benefits

  • Susan will earn an income tax charitable deduction of $15,000, which will save her $4,200 (28% tax).
  • She will avoid tax on $14,500 capital gain, which will save her an additional $2,175 (15% tax).
  • Susan will be able to invest the cash that she otherwise would have given away.
  • Susan will gain the satisfaction of making a $15,000 gift to Ransom Everglades.

 

Founded in 1903, Ransom Everglades School is a coeducational, college preparatory day school for grades 6 - 12 located on two campuses in Coconut Grove, Florida. Ransom Everglades School produces graduates who "believe that they are in the world not so much for what they can get out of it as for what they can put into it." The school provides rigorous college preparation that promotes the student's sense of identity, community, personal integrity and values for a productive and satisfying life, and prepares the student to lead and to contribute to society.