Gifts of cash, check or by credit card are the most common ways to give and are immediately available for use by Battle Ground Academy. These gifts may be unrestricted or designated to special projects.
Appreciated stocks or bonds can be donated to Battle Ground Academy and may be deducted for income tax purposes at full fair market value on the date of the transfer, with no significant capital gain tax liability. Additional details below.
Gifts of real estate usually allow the avoidance of the capital gains tax and provide a charitable deduction. Lifetime occupancy of a donated residence may be retained through a trust.
Art, antiques, jewelry and other valuables are a few examples of gifts of personal property.
Gifts in Kind
BGA can accept gifts of services valued at fair market value. Please contact the Development Office for more information.
Many companies will match donations to BGA by their employees. Donors are encouraged to check with the human resources department at their place of employment to see if their company matches charitable contributions.
Consider a perpetual gift to BGA. By including the school in your will you, the donor, can be a part of the education of future generations. You can bequeath a percentage of your estate, a fixed dollar amount or a specific personal property to BGA.
The donor may have a paid up life insurance policy that the donor purchased to fill a need that may no longer exist. This policy may be given to the School with tax benefits for the donor. The donor may buy a new policy and name Battle Ground Academy as the beneficiary.
Your tax advisor(s) can discuss various trusts and other forms of deferred contributions that may benefit Battle Ground Academy and provide lifetime income for you or a loved one. Please consult with your lawyer or financial advisor for specific tax benefits applicable to your personal situation.
Appreciated stocks can be donated to Battle Ground Academy and may be deducted for income tax purposes at full fair market value on the date of the transfer, with no significant capital gain tax liability.
If the stock is in a brokerage or bank trust account:
Instruct your stock broker/banker by telephone and follow up with a letter to have the stock electronically transferred to BGA's account. Our broker's contact information is as follows:
Pat Clarke C.W.A. (BGA Class of '76)
3401 West End Avenue, Suite 160
Nashville, TN 37203-6841
Account Number: 62553563
DTC (Depository Trust Company)# 0768
BGA's Federal tax ID# 62-0125920
Please contact the Development Office at (615) 567-8320, advising us of your gift. Follow up by mailing a letter containing:
If the stock gift is in the form of a stock certificate registered in your name:
- Name of the stock and number of shares
- Your name, address and telephone number
- The purpose of the gift
- The date of the gift
- Mail to: Battle Ground Academy Attn: Development Office, 336 Ernest Rice Lane, Franklin, TN 37069
Send the stock certificate(s) plus a signed stock power under separate cover to the above address. The donor's signature must be notarized or guaranteed by a bank officer or stockbroker. Please mail the stock power under separate cover. In case of loss or theft, the stock cannot be transferred without both documents.
Your tax deduction is based on the median price of the stock on the date of your transfer of ownership to Battle Ground Academy.