Outright gifts can be made in a single installment, or through a pledge to be fulfilled over a period of time.

In many cases, an outright gift of appreciated securities entitles the donor to an income tax charitable deduction for the fair market value of the securities, and, in the case of securities which have been held for more than one year, the avoidance of capital gains tax.

Through a remainder gift, a donor may contribute assets, such as securities or real estate, to Newman and retain for life the income from those assets for himself or herself, or his or her spouse, or both. A remainder gift permits the donor to take an income tax charitable deduction for a portion of the value of a gift. Furthermore, if the gift is in the form of appreciated stocks or real estate, the donor does not pay a capital gains tax on the appreciation.

Through an income interest gift, a donor may contribute the income from an asset while retaining ownership of the asset. In such case, Newman would receive the income for a designated period of time, after which the asset, and any subsequent income from it, revert to the donor, his spouse, children or other designee. This form of gift offers both immediate and future tax advantages.

A donor may contribute various types of real property to Newman, including a personal or recreational home, commercial building, or undeveloped property. For a personal residence or vacation home, the donor may make a gift of property and reserve the right to occupy it for his or her life and/or the life of a spouse.

For the donation of a tangible asset, such as an antique or work of art, which has appreciated in value, and if the asset is used by Newman in its educational program, the donor receives a charitable deduction equal to the asset’s full fair market value.

Making a charitable bequest may allow you to support Newman more significantly than you could during your lifetime. By making a generous gift in your will, you can shape the future of Newman in a meaningful way, while passing on a legacy to future generations. Moreover, your gift to Newman is free of federal estate tax, as well as inheritance tax in most states. A bequest to Newman may provide for a specific dollar gift, a percentage of your estate, or for the remainder of the estate. A bequest may also be in the form of specific assets to be given to Newman.

Life insurance offers an alternative method for making a charitable gift to Newman. Insurance gifts afford a donor the opportunity to leverage premium payments into a substantial gift to the School. You may choose one of several options: Donate an existing life insurance policy to Newman; purchase a new policy in which Newman is designated the owner and beneficiary; name Newman as a primary or secondary beneficiary of your current policy; or assign excess group term insurance to Newman.

If you make Newman the owner of a policy, any premiums you pay are deductible charitable contributions. If Newman is named as beneficiary (but not as owner) of your policy, premiums are not deductible for income tax purposes but proceeds paid to Newman would be deductible for estate tax purposes.

Individual Retirement Plans (IRAs), tax sheltered annuities, Keogh plans, self-employed plans, 401(k), 403(b) and other qualified pension and profit-sharing plans can also provide significant support for Newman. The donor needs to inform his retirement plan administrator that he wishes to name Newman as a beneficiary of the plan. The funds will usually pass to Newman outside of probate and free of all taxes.