If you contribute appreciated securities to Durham Academy, you receive a two-fold income tax benefit: a charitable deduction for the present fair market value and no capital gains tax on the appreciation.
Charles Schwab & Co
DTC Clearing 0164, Code 40
DURHAM ACADEMY – GIFT
Account # 44850558
Durham Academy Federal Tax ID: 56-0538019
IMPORTANT: Please notify Morgan Whaley in advance of your transfer so your gift may be processed in a timely manner and correctly credited. Email morgan.whaley@da.org or leave a voicemail at 919-489-6569 x6151, and include the type of stock and number of shares you are transferring.
Many employers offer matching gift benefits for employees, helping you to double or triple the amount of your contribution! Learn more at www.da.org/match.
The 1933 Legacy Society was created to recognize donors who make a planned gift to Durham Academy such as a bequest, charitable annuity or trust. To learn more about creative ways you can support Durham Academy through planned giving, please contact the Office of Philanthropy.
Durham Academy accepts gifts of real property such as a home, vacation property, vacant land, farmland or ranch or commercial property. If you own appreciated real property, you can avoid paying capital gains tax and receive a charitable income tax deduction by making a gifting it to the school. If you are interested in making a gift of real property or mortgaged property, please contact Director of Philanthropy Michelle Morgan at michelle.morgan@da.org.
Durham Academy's gift year ends June 30, but you may want to contribute by Dec. 31 to take advantage of current year tax benefits.
“Our family makes giving to Durham Academy part of our annual tax loss harvesting exercise that is done in consultation with our financial advisor at the end of the year. As we go through the process of taking losses to offset realized gains, we also look at highly appreciated securities where we would incur significant capital gains taxes in a sale. Instead of selling these securities and paying the capital gains tax, we simply donate the security to DA. When it comes to capital gains taxes, it is one of the few ‘win-win’ situations available. The Philanthropy Team at DA makes it virtually pain-free, which is all the more reason to take advantage of such an opportunity.”
Hobson Hogan and Fancy Hogan ’96, Parents of Nicholas ’23, Sutton ’26 and Reed ’29
