Parents, past parents, alumni, faculty and grandparents can demonstrate their commitment to The Harvey School with contributions of many kinds:
Every year, the Annual Fund drive raises funds to support daily operations and help balance the budget. These funds make it possible for The Harvey School to attract and retain an outstanding faculty, to support the academic program, to provide tuition assistance to some of our families, and much more. Annual support helps to bridge the gap between tuition revenue and total instructional expenses (approximately $2,500 per student). Gifts to the Annual Fund are outright gifts which are fully deductible for income tax purposes. These gifts can be made in three ways:
Cash is the simplest way to give and goes to work immediately for students and teachers. Checks and credit cards are the common way to give. Appreciated securities enable the donor to take a tax deduction on the full value of the gift and avoid capital gains on the transfer. In many instances, the real cost to the donor is far less than writing a check. Matching gift contributions from employers total nearly $50,000 each year. Please verify whether your employer or your spouse’s employer has such a program. If so, donors will be credited with the total combined gift in Harvey’s Annual Report.
Every year, the Parents’ Association sponsors an auction which is held in the spring. In addition to being a wonderful way to meet new friends and get involved, last year’s benefit, Harvey After Dark, was a great success and helped to provide tuition assistance to families in need. Each family is asked to participate in some way.
These gifts include bequests, charitable trusts, gifts of life insurance, real estate or other tangible property. Depending on the donor’s circumstances, a planned gift may not only greatly benefit The Harvey School, but may also provide significant tax savings for the donor.
Bequests and Wills
This gift is an important asset in planning for the future. Bequests can take many forms, including a specific dollar amount or a portion of what remains of an estate after obligations to others are fulfilled. Donors may receive generous tax reductions for themselves and their heirs by naming The Harvey School as a beneficiary of an estate or trust. Unrestricted bequests are particularly welcomed since they provide flexibility to the School’s trustees to use the gift in whatever way is needed most. However, we recognize that many donors have specific interests that they want to encourage and support.
Gifts for specific purposes should be described as broadly as possible. For example, a donor may want to leave a gift restricted for scholarships, faculty support or a particular program. The donor’s attorney or estate planner as well as a Harvey School representative should be consulted to accommodate individual circumstances.
These are two popular ways to invest in Harvey School’s future. Charitable remainder trusts place assets in trust for the benefit of the School, while a fixed percentage of the trust or annuity is paid out to the donor, a family member or other beneficiary. The donor may choose to have income paid for the life of a beneficiary or for a certain number of years. At the end of this time, these assets are transferred to The Harvey School.
Charitable lead trusts are established by transferring cash or other assets to a trustee, who invests the amount transferred and pays income to Harvey for a period designated by the donor. When the trust terminates, the principal is transferred to a donor’s children or grandchildren at what may be significant gift and estate tax savings.
Alumni are also encouraged to send Harvey any school memorabilia they may have. This could be in the form of photos, school publications (Rambler, yearbooks, etc.), articles from their school years, athletic or academic awards, or any personal m0mentoes. (Original photographs can be returned once they are copied, if requested.)
For further information please contact:
- Laura Prichard, Director of Development,
914.232.3161 ext. 145