Cash gifts are the simplest and most common form of giving to the school. Cash gifts are tax deductible up to 50% of your adjusted gross income in the year of your gift. If the gift exceeds 50% the remainder may be carried over and used as a deduction up to five years. Checks should be made payable to Greater Atlanta Christian School.
Donations may be given online (link on the left).
A number of companies have matching gift programs in which the company matches gifts made by employees. Please check with your company to see if they participate. For more information, please contact Katherine White in the Development Office.
Giving securities may be the most advantageous way to give. You may receive favorable tax consequences by giving stocks that have appreciated. GAC can accept readily marketable securities such as those traded on a stock exchange. Such gifts will most probably be sold immediately by the school. The value of the securities is the average of the high and low of the stock on the date of the gift. Please contact Katherine White in the Development Office for more specific details concerning gifts of securities.
- Readily marketable securities such as those traded on a stock exchange are accepted by Greater Atlanta Christian School.
- Gift securities are to be sold immediately unless there is good reason for holding them for a brief time.
- The value of the securities is the average of the high and low of the stock on the date of the gift.
Giving real estate that has appreciated in value allows the donor to receive credit for the present value without paying capital gains tax. There are no gift taxes and the property is removed from your estate avoiding estate taxes.
Title to each property donated shall be held in the name of Greater Atlanta Christian School. At the time of acceptance by the school the donor may designate the intended use and purpose of the gift. Unrestricted gifts are to be used at the discretion of the board.
Gifts and requests of real property will be accepted if the benefits exceed the risks, expenses and efforts required to hold, maintain, manage or dispose of the property.
Survey and title policy are to be provided at the time of acquisition.
A recent appraisal and IRS Form 8283 shall be submitted to the school business office if the donor intends to use the donation for tax purposes.
Real property must pass an environmental audit before it can be accepted. If a level one inspection causes the school to be suspicious about the condition of the property a level two inspection by a qualified inspector must be carried out before the property can be accepted.
Those authorized to accept real property:
Property valued up to $100,000 may be accepted by the president or director of development.
Property valued from $100,000 to $1,000,000 may be accepted by the Wills and Estates Committee.
Property valued at over $1,000,000 may be accepted by the school’s board of trustees.