Cash gifts are the most common form of support. Cheques should be made payable to Mulgrave School and directed to the Advancement Office. Donations by credit card – Visa or MasterCard – are also routinely received, and can be transacted in person, in writing or by phone.
Mulgrave welcomes pledges – a formal statement of a donor’s intention to make a contribution at a later date, or on an installment basis over a defined period. Larger gifts are often transacted this way. Please contact the Advancement Office if you would like to make this arrangement.
The benefit to donors of a gift of appreciated securities was significantly enhanced by the May 2006 Federal Budget. Under the new taxation rules, donors are exempt from capital gains when they donate eligible securities – publicly-traded shares, bonds, mutual fund units, and employee stock options – to a registered charity such as Mulgrave School. The transfer of shares is simple and straightforward – the value of the gift is the value of the shares on the date of delivery.
Gifts of Tangible Property
Giving a gift of tangible personal property – typically referred to as a gift-in-kind – is another way of supporting the school in a meaningful way.
A gift-in-kind may be an item that the school needs and therefore will retain and use – musical instruments, or new technological equipment, for example – or an item the school may opt to sell, the benefit then derived in the form of proceeds from the sale. In order for a charitable tax receipt to be offered, the fair market value of the item must be established, and this may require independent appraisal by a qualified expert.