William Academy is a 501 (c)(3) not-for-profit organization, and contributions are tax-deductible to the extent of the law. There are several ways to make a gift:
Many donors can make a gift by credit card online. You may also give by sending a check or money order to The Williams Academy Fund Office, 7 Birch Lane, Williamstown, MA 01267. Please note that when you provide a check as payment, you authorize Williams Academy either to use information from your check to make a one-time electronic fund transfer from your account or to process the payment as a check transaction. In either case, the transaction will be reported with the check number on your bank statement.
Electric Fund Transfer
Williams Academy can receive electronic fund transfers to international or domestic accounts. For instructions on how to make an electronic fund transfer, contact Brian Lawrence at blawrence@Williams Academy.org or (413) 586-0236.
Gifts of Securities or Stock
Donors may realize substantial tax savings by transferring appreciated stock to the schools prior to their sale. Capital gains on the amount of the appreciation are avoided and the donor receives a tax deduction for the full market value. For stock instructions, contact Brian Lawrence at blawrence@Williams Academy.org or (413) 884-0336.
Many companies will match the charitable contributions of their employees. Check to see if your company will match your gift.
Gifts of Real Estate or Property
Real estate and property that has realized significant appreciation can also provide significant tax consequences for a donor. Similar to the situation with securities, if the ownership of the property is transferred to Williams Academy prior to the sale, the donor will likely avoid capital gains tax associated with that appreciation. Some donors also find it attractive to consider a transfer of full or partial business interests or partnerships.
Williams Academy can be a total or partial beneficiary of an existing whole life insurance policy, or a new policy may be taken out for this purpose. Life insurance can be used to cover charitable gifts made from your estate. Annuities may also be given to Williams Academy. Click here for more information about Life Insurance.
Bequests and Testamentary Trusts
Gifts made through your will can be made to Northampton Academy, either through a new document or a codicil to an existing will. You may specify a dollar amount, or a piece of personal property, or you may specify a percentage of your total estate. Gifts through bequests may also help reduce federal estate tax liability.
Charitable Trusts and Life Income Plans
Trust agreements are individually written to accommodate the donor's wishes. The Development Office can help you make a decision regarding these specialized financial plans. However, you are urged to discuss your plans with your attorney and financial advisors.
Remainder Interest in a Personal Residence or Farm
You may retain a life interest in your home or farm while deeding the property to Northampton Academy. Though you may continue to live in or use the property, you may claim a tax deduction at the time the property is transferred.