A Pre-K to Grade 12 Independent Quaker Day School Serving the Greater Durham-Chapel Hill Area

Ways to Give

The simplest and fastest way to make a gift to Carolina Friends School is to use our secure online donation portal. You can even schedule monthly sustainer donations of $10 or more when giving online.

Carolina Friends School is a 501(c)(3) organization, and all donations are tax deductible.

Other Ways to Give

Cash

Hand-deliver cash gifts to the Center Building at the School. Please include a note with your name and the purpose of the gift.

Checks

Make checks payable to Carolina Friends School. In the note area you can indicate, if you wish, that the gift is "In Appreciation of" or "In Memory of" someone or you may direct your gift to a particular Fund or need (teacher salaries, endowments, etc.).

Stocks and Mutual Funds

Shares of stocks or mutual funds are easy to give and benefit you and CFS. Gifts of stocks can provide multiple tax savings.

If the shares you want to give have decreased in value, the best plan may be to sell the shares yourself and then give the proceeds of the sale to CFS. This allows you to take any decrease in value of the shares as a write down on your taxes.

If your shares have increased in value the best course may be to transfer the shares to CFS instead of selling the shares and giving the proceeds to the School. This approach may enable you to receive two advantages:

  • You get a larger charitable tax deduction because it is based on the higher current value of the shares (not the lower purchase price).
  • You do not pay the capital gains taxes on the appreciated value of your shares.

1. ELECTRONIC TRANSFER of Shares of Stock (DTC Eligible Securities)

Most of us have our brokers keep our stock certificates. In those cases, stocks are transferred electronically by your broker to CFS using the information below. (Please note that shares of mutual funds are handled differently. See #3, below.)

Send to: US Bank

DTC #: 2803

Account #: 19-BC137

Account Name: Carolina Friends School Charitable Gift Account

Should your broker need any additional information, please contact John D. Ladd at 919.383.6602 x270 or by email jladd@cfsnc.org

2. TRANSFER of PAPER CERTIFICATES of Shares of Stock

If you have the actual paper certificates in your possession, please use these steps:

  1. Sign and date the back of the Stock or Bond certificate. Sign exactly as your name appears on the front of the certificate.
  2. Fill out this form which authorizes the transfer of your stock to the CFS account. We apologize for the confusing nature of this form. For assistance in filling it out, please contact: Melissa Wolf
    425 Walnut St Fl 5,
    Cincinnati OH 45202
    Melissa.Wolf@usbank.com
    513.639.6150.
  3. Deliver the form and stock certificate(s) to either:
    • US Bank, 1555 N. RiverCenter Dr, Suite 302 Securities Processing, MK-WI-S302, Milwaukee, WI 53212 Attn: Melissa Wolf (US Bank asks that the certificate and the stock power form be sent separately so that if the package gets lost the certificate can not be negotiated.)
    • John D. Ladd at Carolina Friends School, 4809 Friends School Road, Durham, NC 27705

3. TRANSFER OF MUTUAL FUNDS

Mutual fund units cannot be electronically transferred via the same DTC (Depository Trust Company) processes as shares of stock. If the delivering broker/bank is ACATS (Automated Customer Account Transfer Service) eligible they can deliver the mutual fund via ACATS using the below information:

US Bank

DTC #: 2803

Account #: 19-BC137

Account Name: Carolina Friends School Charitable Gift Account

If the delivering broker/bank is not ACATS eligible, please contact John D. Ladd to expedite the transfer. John may be reached at jladd@cfsnc.org or 919.383.6602 x270. Gifts of mutual fund shares do take time to finalize, so advanced preparation is recommended when the timing of a gift is critical.

To gift a mutual fund, please contact John D. Ladd, Planned Giving Director, in advance, to expedite the transfer. Gifts of mutual fund shares do take time to finalize, so advanced preparation is recommended when the timing of a gift is critical. John may be reached at jladd@cfsnc.org or 919.383.6602 x270.

Matching Gifts

Many companies will match the contributions that employees — and retirees of some companies — make to CFS. Check with your Human Resources department about the process.

Gifts In-Kind

CFS welcomes items that support our educational programs, such as resources for classrooms or supplies for summer programs. Please contact Rebecca Swartz (919.383.6602 x 228) before making a delivery as we are not be able to use some items.

Wills

CFS can be named as a beneficiary in a new will or added as a beneficiary to an existing will. Please contact John Ladd at 919.383.6602 x270 or by email jladd@cfsnc.org to discuss how you can accomplish your objectives and simple language to use in your will. Wills are often used either to create a new endowment or to make gifts to an existing endowment.

Charitable Gift Annuity

This increasingly popular way to give provides you with a guaranteed annual income throughout your life, an immediate federal income tax deduction, and other federal income tax savings. (The older you are at the time of your gift, the larger your annual payout.) CFS will receive the remaining value of the annuity when you no longer need it. Please contact John Ladd for details at 919.383.6602 x270 or by email jladd@cfsnc.org

CFS offers this option through Friends Fiduciary Corporation, a 100+ year-old Quaker non-profit corporation that provides socially responsible investment, management, trusteeship, and administration services. Annuities and trusts are formulated individually to meet your individual needs. Your own financial planner may be of help with these as well.

Insurance Policies

Carolina Friends School can be designated as an owner of an insurance policy and/or as a beneficiary of an insurance policy. Please inform the School if you are thinking about or have made this decision.

Retirement Plans

Carolina Friends School can be designated as a beneficiary of an IRA, 403(b), or other retirement plans. Complications in taxes and required payouts may result when an heir receives an IRA. Designating an IRA to CFS and other assets to your heirs may be preferable. Contact John Ladd at 919.383.6602 x270 or by email jladd@cfsnc.org for more information.

Real Estate

A gift of land may be given "outright" or with a "retained life interest." In the latter, the owner makes CFS the new owner, continues to live on the land during her/his lifetime, and gains tax advantages in the process. When considering any real estate gift, be sure to contact John Ladd at 919.383.6602 x270 or by email jladd@cfsnc.org.

Charitable Remainder Trusts

A charitable remainder gives twice. You begin by putting funds or assets into a trust. First, it gives you (or others you designate) lifetime income. Second, at the death of the last income beneficiary, CFS is given the remaining value of the trust. In addition, you receive a charitable income tax deduction in the year the gift is made. The gift minimum is $100,000.

CFS offers this option through Friends Fiduciary Corporation, a 100+ year-old Quaker non-profit corporation that provides socially responsible investment, management, trusteeship, and administration services. Annuities and trusts are formulated individually to meet your individual needs. Your own financial planner may be of help with these as well.

For more information, contact John Ladd at 919.383.6602 x270 or by email jladd@cfsnc.org.

Charitable Lead Trusts

With this you set up a trust fund that makes annual gift payments to CFS for a designated number of years. At the end of the time you designate, the assets used to fund the gift can be returned to you or to your heirs. The gift to your heirs is tax free. You receive a charitable income tax deduction in the year the gift is made. The gift minimum is $100,000.

We have more information about how you can utilize these ways to make a difference in the life of the school that you love and the financial well being of your family.

CFS offers this option through Friends Fiduciary Corporation, a 100+ year-old Quaker non-profit corporation that provides socially responsible investment, management, trusteeship, and administration services. Annuities and trusts are formulated individually to meet your individual needs. Your own financial planner may be of help with these as well.

For more information, contact John Ladd at 919.383.6602 x270 or by email jladd@cfsnc.org.

Tuition aid made it possible for me to attend CFS, to get the things I did from Friends School. We included CFS in our wills to make sure there is tuition aid so everyone can go. Logan Carter '84
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