WAYS TO GIVE
HELP KEEP THE DREAM ALIVE
For the past three decades, what once was just a bold vision from a few has continued to evolve to become a prestigious ski and snowboard academy, producing more world-class athletes than many small nations. Young people now come from around the globe to the Western mountains of Maine to fulfill their dreams of becoming world class winter athletes while pursuing a quality, college preparatory education. CVA produces champions in mind, body, and spirit.
You can play a vital role in keeping the dream alive with a gift to CVA. We welcome and appreciate gifts of any size and offer the following ways to give:
GIFTS OF CASH
Checks should be made payable to Carrabassett Valley Academy. Many of our donors maximize their gift by taking advantage of a matching gift program offered by their employer. Please let us know if we can assist you with investigating a matching gift.
GIFTS OF STOCK
Many donors find making a gift by using securities an efficient and advantageous way to give because a gift of appreciated securities offers two opportunities for tax savings – you can avoid paying a capital gains tax by selling it and also can claim an income tax deduction for the full fair market value of the gift up to an amount equal to 30 percent of your adjusted gross income. Any unused deduction may be carried forward for up to five years.
To transfer stocks/securities to the CVA account:
Transfer to: DTC #0226 (Fidelity's routing number) for the benefit of Carrabassett Valley Academy, account #X20-169285
GIFTS OF LIFE INSURANCE POLICIES
Gifts of life insurance policies, including whole life, variable and universal life policies which are paid-up and for which CVA is designated as the sole beneficiary are welcome and encouraged. Gifts of paid-up life insurance policies naming multiple beneficiaries will be referred to the CVA Development Committee for their consideration before acceptance.
GIFTS OF REAL AND PERSONAL PROPERTY
Gifts of real estate and other tangible personal items may be given or willed to CVA. For most gifts of personal property, the tax deduction depends on the appraised value of the gift. Donors are generally responsible for obtaining an appraisal for gifts valued at more than $5,000. If you would like to explore a gift of real or personal property, please contact Kate O’Halloran at 207.237.4498 or email@example.com to discuss the appropriateness of the proposed gift and method of transfer.
FUTURE GIFT COMMITMENTS
The decision to include an organization such as CVA in one’s estate plans is a tremendous gesture of confidence and unparalleled support. However for many people, gifts made by bequest can often be much more substantial than those they are able to give during their lifetime. The King Cummings Society recognizes the tremendously loyal and committed alumni, parents, friends and benefactors of CVA who have made an important commitment to its future through gift planning. Donors may name CVA as a designated beneficiary of an IRA, Retirement Plan, life insurance policy, annuity or other asset that pays cash benefits to a designated beneficiary following the death of the donor or a related person. Supporters of CVA who are considering designating the Academy as a beneficiary are encouraged to contact Kate O’Halloran, the Director of Development in advance of making such a designation.
NOW IS THE TIME. DONATE HERE