Your family deposit is a non-interest bearing deposit that remains with the school until your oldest child graduates. Many families choose to donate this deposit in order to take advantage of the immediate tax benefits of a contribution.
While cash donations receive a receipt for the full amount of the gift, securities offer an additional advantage in that donors receive both a receipt for the full current value of the appreciated securities, and an exemption from capital gains taxes on the amount of the appreciation. This can be a significant advantage over a direct donation of cash.
Many companies will match, double or even triple contributions from their employees to registered charities like Mulgrave. These gifts have to be initiated by the employee so please contact your HR Department to see if your organization has a matching program.