What to Give

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Sometimes the desire to help R-MA is there, but you're not quite sure of the best way to go about helping.

Here are a few options for you to review. If you would like to speak with someone as you figure out what is best for you and your family, feel free to contact us via e-mail or call 540-636-5368.

Pledge                                         Gifts-in-Kind
Mail                                            Stocks and Bonds
Phone                                         Retirement Assets
Electronic                                  Real Estate
Corporate Match                      Insurance


Pledge

To make an Annual Fund pledge payable on or before June 30, or to make an endowment or capital pledge, please contact the Office of Advancement at 540-636-5368 or via e-mail.

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Mail

Please make checks payable to Randolph-Macon Academy and send by US mail or Overnight Delivery to:

Randolph-Macon Academy
Office of Advancement
200 Academy Drive
Front Royal, VA 22630

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Phone

Please call 540-636-5368 to speak with the Office of Advancement.

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Electronic

Please use our online form or call the Office of Advancement at 530-636-5368. At this time, we accept all valid credit cards. A monthly recurring gift is a terrific way to make a larger gift with smaller installments throughout the year.

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Corporate Match

Many employers match charitable gifts made by employees and their spouses. A corporate match might be a great way to double, even triple your gift to Randolph-Macon Academy. Please contact your Human Resources Department for information and procedures.

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Gifts-In-Kind

Accepted with prior approval. Randolph-Macon Academy will provide a letter of acknowledgment describing your gift but cannot assign a value to the gift. 

We recommend that you consult your tax advisor for valuation advice. Donors seeking tax deductions for gifts valued in excess of $5,000 must obtain an independent appraisal at the time the gift is given to Randolph-Macon Academy. The donor is responsible for all costs related to this appraisal. For more information, contact the Office of Advancement at 540-636-5368.

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Stocks and Bonds

A gift of your securities, including your stocks or bonds, is an easy way for you to make a gift. By making a gift of your appreciated securities, you can avoid paying capital gains tax that would otherwise be due if you sold these assets. Potential benefits include: avoiding paying capital gains tax; receiving a charitable income deduction; enjoying possible increased income; and furthering R-MA's mission today!

To make a gift by electronic transfer, please contact us for delivery instructions to make a transfer from your brokerage account to R-MA.

To send us your gift by mail:

If you hold securities in certificate form, you will need to use two envelopes to complete your gift. In the first, place the unsigned stock certificate(s). In the other, include a signed stock power for each certificate. You may obtain this from your broker or bank. Please remember to use certified mail to send it to:

Randolph-Macon Academy
Office of Advancement
200 Academy Drive
Front Royal, VA 22630

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Retirement Assets

A gift of your retirement assets (IRA, 401(k), 403(b), pension or other tax-deferred plans) is an excellent way to make a gift. By making a gift of your retirement assets, you will help further our work.

Give your retirement assets in your will

Did you know that 50%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step-up in basis (such as real estate and stock) and give the retirement assets to our organization. As a charity, we are not taxed upon receiving an IRA or other retirement assets.

How to transfer your retirement assets

Your retirement assets may be transferred to us by completing a beneficiary designation form provided by your plan custodian. If you designate our organization as a beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

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Real Estate

A gift of your real property (such as your home, vacation property, vacant land, farmland, ranch, or commercial property) can make a great gift. If you own appreciated real property, you can avoid paying capital gains tax by making a gift to R-MA. You may also be able to receive a charitable income tax, and you will leave a lasting legacy at R-MA.

How you make a gift of real property:

Your real property may be gifted to our organization by executing or signing a deed transferring ownership. You may deed part or all of your real property to our organization. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.

Can you make a gift of mortgaged property?

Please contact us if the property you wish to give has existing debt or a mortgage. Check with us on the capital gains tax implications of your gift. You may be interested in life income options described here.

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Insurance

A gift of your life insurance policy is an excellent way to make a gift to us.  If your life insurance policy is no longer needed or will no longer benefit your survivors, consider making a gift and help further our mission.

Make a Gift of Life Insurance Today
Did you know that you can give your life insurance policy to us today and receive a charitable income tax deduction? You can then make deductible contributions to us each year which we may use to pay the premiums. We benefit from the proceeds of your policy.

Designate Us as Beneficiary of Your Policy
You can also designate us as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.

If you have any questions about your gift of life insurance, please contact us.

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