Ways to Give

Once a donor has decided which giving opportunity they would like to support, we then offer a variety of ways to give. Flexibility in giving options allows the donor to make a gift with the type of assets most suited to their own financial situation.  Listed in this section are some of the ways in which you can make your gift.

If you would like to discuss any of these giving options, or an option not mentioned here, please contact the Development office at 203-254-4237 or email development@fairfieldprep.org.

The Fairfield Prep fiscal year runs from July 1 through June 30

What to Give


There are several ways to contribute to Prep. Here is a breakdown.

Cash/Check

Gifts of cash can be made all at once, or pledged over a period of time.  If you would like your gift to go to a fund other than the Fairfield Prep Fund, please indicate how you would like your gift allocated by including a note, or in the memo section on your check.  All checks should be made payable to Fairfield Prep and mailed to:

Fairfield Prep
Development Office
1073 North Benson Rd.
Fairfield, CT  06824

Matching Gifts

Matching gifts from corporations are a substantial and welcome way for donors to help Prep obtain additional funds.  Matching gifts, directed for the same purpose as your gift, will be counted as a contribution over and above your personal gift or pledge payment.  Depending on your employer, your gift could be matched 1:1, 2:1, and sometimes 3:1. If you work at a matching gift company and want to multiply your gift to Prep, please do the following:

• Obtain a matching gift form from your company's matching gift coordinator, who is usually located in  your department/office of human resources.  Some companies offer this service on-line.
• Complete and sign the form.
• Enclose the form in the envelope with your gift to Fairfield Prep.

The Development Office will verify the gift and form.  The form will then be returned to your company, which will then issue a matching gift contribution to Prep.  If you are not sure if your company has a matching gift program, please check with your human resource department.  If you have already sent in a gift to Prep, but forgot to complete a matching gift form, it's not too late to send it in.  Simply send us your completed matching gift form along with the approximate date and amount of your gift and we'll do the rest!

Securities

Contributing appreciated securities to Fairfield Prep is an ideal way to make a gift.  If the security has been held for at least one year the donor may be eligible for an income tax deduction of the full market value.  In addition, the donor may avoid any capital gain tax.  Please consult your tax advisor for information regarding your own personal situation.

For other donor-friendly gift arrangements please contact the Fairfield Prep Development Office at (203) 254-4237, or email Richard Henderson VP for Advancement at rhenderson@fairfieldprep.org.

Electronic transfers of stock can be made by your broker to Fairfield Prep's brokerage account using the information below:

Merrill Lynch, Pierce, Fenner & Smith Incorporated
767 Fifth Avenue , 7th Floor
New York , NY 10153 

Financial Advisor - Chris Faggioni
Telephone – (631) 361-3233
email - christopher.faggioni@ml.com

Sr. Registered Client Associate - Kathy Fang
Telephone - (212) 415-7623
email - kathy.fang@ml.com
fax (646) 461-1147

DTC # 8862
Fairfield Prep Account: 39G02030
Reference: (Donor Name)

Please contact the Development Office at (203) 254-4237 promptly to notify us of a stock transfer so we can correctly record your donation. Our brokerage firm does not receive your name or specific instructions regarding your gift.

Your gift is considered made on the date that the securities pass unconditionally out of your control.  For listed securities, the value of the gift is the mean between the high and low quotations on the date that the gift is made.  Fairfield Prep normally records the gift at this value and provides acknowledgement of the receipt of the gift.

 

Charitable IRA Rollover

See Your Generosity in Action


If you are 70½ years old or older, you can take advantage of a simple way to benefit the Fairfield Prep and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.

If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

 

Read/download details and sample letter content for your use.

 

Sample letter Word document

Life Insurance

Life insurance can make a great gift.  If you are carrying more insurance coverage than your family obligations now require, you may want to consider gifting an unneeded, paid-up policy.  If you transfer all rights and incidents of ownership of your policy to Prep, you will be eligible for a charitable income tax deduction equal to the policy’s cash surrender value or cost basis, whichever is less.  The insurance policy must be whole life, not term insurance.  The value of your gift for gift crediting purposes will be the cash surrender value of your policy on the date of transfer.

Bequest

One of the simplest giving options is including Prep in your will.  Designating a specific dollar amount, a percentage of your estate, a residual of your estate or a contigency amount allows you to make a high impact, legacy gift to Prep.  It is recommended that a copy of the provision in your will that specifies your bequest to Fairfield Prep be forwarded to the Development Office in order to ensure that your bequest is carried out as you intended.

Real Estate & Personal Property

Real Estate:  A gift of real estate may include personal residence, investment propery or undeveloped land.  An outright gift of real estate held by the donor for more than 12 months provides the donor with a charitable income tax deduction for the full market value of the property, based on an independent appraisal.  The deduction is limited to 30 percent of the donor’s adjusted gross income, but the remaining value of the deduction may be carried over and used for deductions for the next five years.

Personal Property:  A gift of personal property may include jewelry, paintings, stamp/coin collections or antiques.

Trusts

Charitable Remainder Trust:   A charitable remainder trust is an irrevocable trust which pays income to the beneficiaries designated by the donor.  At the end of a specified term the remainder in the trust goes to Prep. The donor may act as trustee and make investment decisions with regard to the trust, and may increase the value of the trust at any time.  The creation of a charitable remainder trust provides the donor with a charitable deduction in any year in which a transfer of property is made to the trust.

Charitable Lead Trust:  If you have a large estate and are looking for ways to pass more on to your heirs, a Charitable Lead Trust may be an excellent plan for you. A Charitable Lead Trust is a gift plan that allows you to transfer assets to future generations at a significantly reduced gift or estate tax cost, while providing a stream of income to Prep for a term of years. 

The main advantage of a Charitable Lead trust is that the term and payout rate of the trust can be adjusted to reduce or even “zero out” the gift tax you owe on the asset transfer to your heirs. In other words, it is possible to make a large asset transfer to your heirs tax-free, while also benefiting Prep. In addition, any appreciation that takes place inside of the trust goes tax-free to your heirs. This makes a Charitable Lead Trust a powerful wealth transfer tool.

If you would like to discuss any of these giving options, or an option not mentioned here, please contact the Development office at 203-254-4237 or email development@fairfieldprep.org.

Honor / Memorial Gifts

For those who would like to make a gift to Prep and, at the same time, recognize a person who has played a significant role in your life, you can express your gratitude in honor or memory of that person in a variety of ways. From modest gifts to our Annual Fund, to larger contributions to our General Honor / Memorial Scholarship Fund, or the creation of a new restricted or endowed fund, this can be a unique and long lasting way to remember someone special.

Meet Our Office

Kathleen Norell

Director of Alumni Relations and Events

Colleen Adams

Director of Communications

Michael Connelly

Leadership Gifts Officer

Stacie D'Eramo

Gift Officer

Ronald DeRosa

Digital Communications Manager

Robyn Fry

Coordinator of Data and Gift Processing

Richard Henderson

Vice President of Advancement

Julie Pollard

Parents Fund Director

Shannon Ralbovsky

Operations Assistant

Fairfield Prep Development & Alumni Office
Xavier Hall - Room 112
1073 North Benson Road
Fairfield, CT  06824

Phone: 203-254-4237
Fax: 203-254-4071

email: development@fairfieldprep.org

To dial extensions below, please use school Phone number 203-254-4200.

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