Pledges may be made over a period of one to five years.

Online

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Check
Make payable to:
Office of Development
Carrabassett Valley Academy
3197 Carrabassett Drive
Carrabassett Valley, ME 04947

Credit Card:
Gifts may be made by mail or phone, at 1-207-237-2250, with VISA or MasterCard.

Direct Payment Plan:
Direct payment allows for pre-authorized monthly giving through the direct transfer of cash from a checking or savings account to the Academy. Or, donors may choose to have a pre-authorized amount charged to a MasterCard or Visa each month.
 
Use Your IRA as Never Before:
On Aug. 17, 2006, President Bush signed into law new tax incentives for charitable gifts from donors who are 701/2 or older. The Pension Protection Act of 2006 encourages financial support of charitable organizations across the United States.
 
Under the law, you can make a lifetime gift using funds from your individual retirement account (IRA) without undesirable tax effects. Previously you would have had to report any amount taken from your IRA as taxable income, then take a charitable deduction for the gift, but only up to 50 percent of your adjusted gross income. In effect, this caused some donors to pay more in income taxes than if they didn't make a gift at all.

Fortunately, now these IRA gifts can be accomplished simply and without tax complications. Plus, you can make the gift now--while you are living and able to witness the benefits of your generosity.

Gifts of Securities including Mutual Funds:
A gift of stock (or other appreciated property) entitles you to a tax deduction for the market value of the donated stock (not just your cost basis). If the stock you wish to donate has been held for more than one year, you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale. CVA benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash.
 
Matching Gifts:
Hundreds of companies and corporate foundations match gifts from their employees and retirees to non-profit institutions such as CVA. Also, matching gifts are a great way to increase support of CVA without additional out-of-pocket expense. Eligible donors can compound the value of their contribution, perhaps by as much as two or three times. Many donors are eligible to submit matching gift claims from both their own and their spouse's employer for the same gift. Contact the human resources office at your employer, spouse's employer, or even your former employer, if you are retired, to inquire about their matching gift program.

Gift in Kind:
A gift in kind is a gift of goods or services, not money, such as a contribution of equipment, supplies, space or staff time. In many cases, the donor may place monetary value on such a contribution for tax purposes. A sample of items and services that would benefit the New Campus Campaign include: furnishings, technology hardware and software, kitchen equipment, interior decorations, paint, construction materials, man hours, site work, electrical work and fixtures, plumbing work and supplies, sprinkler systems, etc.
 
Gift Planning & Life-Income Gifts:
Planned giving enables a donor to arrange charitable contributions to CVA in ways that maximize his or her personal objectives, while minimizing the after-tax cost. CVA is dedicated to assisting you with your gift, including the integration of your charitable giving with your overall tax, financial and estate planning. CVA is currently establishing a planned giving program, which can help you achieve your goals while benefiting the Academy and the New Campus Campaign at the same time. We will work with you and your financial/legal advisors to assist in:

• The selection of gift assets to maximize the after-tax benefit to you of your gift from assets such as: 
  • cash
  • appreciated stock
  • qualified retirement plan or IRA assets
  • real estate and vacation properties
  • life insurance
  • other unique assets and personal property
• The timing of your gift, to account for your circumstances and changes in the tax code such as:
  • decreasing income tax rates
  • decreasing estate tax rates
  • changes to the gift tax on non-charitable gifts
• The structuring of your gift, to provide as desired:
  • payments back to you and/or your loved ones for life or a term of years (life-income gifts)
  • payments to CVA for a term of years, with the principal going to loved ones (lead trusts)
  • deferral of your gift until death through a bequest intention
  • naming CVA as the beneficiary of your qualified retirement plan or IRA

Carrabassett Valley Academy is a 501(c)(3) non-profit institution. CVA recommends donors talk with their tax advisors and legal professionals about the tax benefits of giving.
 
For more information about any of the giving options above please contact Kate Punderson at 207-237-2250 or kpunderson@gocva.com.