USN offers end-of-year giving tips

Maximize your 2022 tax benefit while supporting University School of Nashville by Saturday, December 31.
By Anne Westfall, Director of Development

As we approach the end of 2022, consider these smart ways to wrap up the year on a financial high note. Not only can you save on taxes, but you can also make an impact at USN. Below you'll find important giving information regarding cash gifts, appreciated securities, donor-advised funds, and IRA-qualified charitable distributions to make donating to USN as easy as possible. 

Cash and Credit Card Gifts
Donors should make checks payable to University School of Nashville and postmark by Saturday, December 31 to:
University School of Nashville
2000 Edgehill Avenue
Nashville, TN  37212
 
USN accepts Visa, Mastercard, Discover, and American Express. Use the school’s secure giving site at usn.org/giving.

Tips for Charitable Donations of Stock
  • Allow ample time for instructions to be carried out by your broker, preferably before Thursday, December 15 considering the busyness of this time of year.
  • The date for a gift of stock is the date the stock is received in USN's account. According to the IRS, the date you give your broker the instructions does not qualify as the date you gift your stock. 
  • Many stock donations are made at the calendar year-end. Please notify USN, or have your broker notify USN, of stock gifts so that we may track those gifts and ensure that they arrive in our account by Friday, December 30
  • To inform us of an incoming gift, contact Development Director Anne Westfall or call 615-277-7495.
  • To make a gift of Depository Trust Company eligible securities using USN's broker, follow these instructions: 
Forward to your broker a letter of instruction, including the specific name and number of the securities you are giving, requesting that the securities be transferred via DTC to: 

Raymond James & Associates
Contact Person: Joe Gallivan, 615-645-6728
DTC #0725
Account #13503823, University School of Nashville
 
Donor Advised Funds
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to University School of Nashville. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts. Contact your fund administrator to request a distribution form or download the form from their website.
 
IRA Qualified Charitable Distribution
Here is a special opportunity for those 70½ years old and older. You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as University School of Nashville without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
 
We must receive your gift by Saturday, December 31 for your donation to qualify this year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Saturday, December 31 to count toward your required minimum distribution for the calendar year.

 Please consult with your tax advisor or an attorney to determine full deductibility of your gift. If you have any questions or need additional information, please email Development Director Anne Westfall. Thank you for your continued and generous support of USN.
Back

More USN News

List of 5 news stories.

Archive

University School of Nashville

2000 Edgehill Avenue   Nashville, TN 37212     615/321-8000     Contact Us