Securities, Life Insurance, and More

Saint Andrew’s School welcomes many types of assets as planned gifts to help advance our mission. Options include gifts of securities, life insurance policies, real estate, outright cash, and gifts of tangible personal property.

Securities

Publicly traded securities can be used to make charitable gifts to Saint Andrew’s. If you give appreciated securities that have been held longer than one year, you are entitled to a charitable deduction from your income tax for the full fair market value of the securities. You also may be able to defer or completely eliminate capital gains tax on the securities, depending on the type of gift you choose. Life-income gifts such as a charitable remainder trust or a gift annuity can also be funded through the gift of securities. Your gift of securities can be transferred electronically from a brokerage account to Saint Andrew’s School.
 

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  • How to give a gift of securities

    Our account is held at Merrill Lynch.  You should advise your stock brokerage company or advisor to transfer the stocks electronically to the account listed below. Please make sure to advise your broker not to sell the stock before the transfer in order to avoid capital gains tax, and notify Saint Andrew’s of your transfer.

    Delivery instructions:
    Merrill Lynch account number 731-04022
    DTC# 8862
    Our tax ID# is 59-0942383
Life Insurance

Saint Andrew’s School can be listed as beneficiary and/or owner of a life insurance policy. A donation that is irrevocable will ensure a charitable deduction. By naming Saint Andrew’s as the owner and beneficiary of a life insurance policy, you will receive an income tax charitable deduction and the value of the policy will not be included in your taxable estate. Because life insurance costs “pennies per dollar” of coverage, it is a popular way to make a sizeable gift at a modest cost and support Saint Andrew’s with an extraordinary gift.

Real Estate

A gift of real estate can be made outright, through a will, or to fund some type of life income arrangement. The donated property will provide a charitable deduction, transfer the burden and expense of managing the property, and remove a large asset from your taxable estate. You may also wish to consider giving Saint Andrew’s a remainder interest in your home while retaining the right to reside in it for the rest of your life.

Cash

A gift of cash is the easiest gift to make and provides the maximum and most immediate deduction. Gifts may be sent by check, wire, or credit card. You can also make a cash gift through your will or create a life income gift. By donating cash, a donor can normally use more of the charitable income tax deduction each year than through gifting other types of assets.
 
Tangible Personal Properties

Gifts of tangible personal property are welcomed for the support of Saint Andrew’s School and its mission. Donors may offer  artwork, collectibles, books, equipment or other items that are “related” to our school’s purpose. With few exceptions, the gift will provide a charitable deductions for the its fair market value, with no capital gains liability to the donor or the organization. Please contact the Development Office at Saint Andrew’s School, so that they can assist you on whether or not we can accept your gift.

About Us

A non-profit, independent, co-educational school for grades JK - 12, Saint Andrew's School is both a private day and boarding school located in Boca Raton, educating the best students from across Palm Beach County, Florida, the United States, and throughout the world in the Episcopal tradition.
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