The plans for Homecoming 2010 on Saturday, October 16, have been reported. To view the flyer, click here.

The holiday season is a time of giving and sharing.  W-H has put together some year-end giving tips for you.

 

Cash Gifts
Cash gifts are always convenient and must be postmarked by December 31 to count as a 2008 income tax deduction.  Mail gifts to: 

 

The Wardlaw-Hartridge School

Development Office

1295 Inman Avenue

Edison, NJ 08820

Give online at www.whschool.org (click on the SUPPORT tab) on or before December 31, 2008.

Gifts of Stock
Appreciated stock is usually the smartest gift. By contributing stock to W-H, you avoid capital gains tax and still receive the full market value of the gift for tax purposes. Stock transfers normally take only a couple of days but may take longer now due to the large volume of transactions being processed by brokerage and investment firms at year-end. To count as a charitable income deduction in 2008, gifts of stock must be received into W-H’s account before the close of business on December 31.

Before you transfer a gift of stock, bonds, or significant cash, The Wardlaw-Hartridge School appreciates hearing form you or your broker/agent about the kind of asset(s) and the number of shares, bonds, or certificates involved. That notification allows us to track your gift. Please notify Bill Jenkins, Director of Development, via mail (Wardlaw-Hartridge School 1295 Inman Avenue, Edison, NJ 08820), fax (908) 754-7362), telephone (908) 754-1882, x 111), or email (bjenkins@whschool.org). Without such prior notification, some banks and brokerages may refuse your gift.

Wachovia Securities, LLC
50 Main Street
Flemington, NJ 08822
Attention: Chris McLaughlin 
Telephone: 908-284-1988
Toll Free: 800-842-7754
Fax: 908-284-2188

DTC ID Number: 141
Account Number: 8628-6062
Account Name: Wardlaw-Hartridge

 

For stock, corporate bonds, and municipal bonds in certificate form:

Please hand-deliver the assets/certificates to Wardlaw-Hartridge's Director of Development, Bill Jenkins, or send them via registered mail with a letter stating your name, address, and the purpose of the gift. Please do not endorse the back of the certificates. If you mail the certificates, obtain a stock power (assignment form) for each different issue (common and preferred stock from the same company require separate powers) and only sign the stock power, using your name as it appears on the certificates. Then obtain a medallion guarantee for your signature at a commercial bank or brokerage, and mail all signed stock powers in envelopes (first-class acceptable) separate from any certificates

 

IRA Rollover

When President Bush signed the $700 billion bailout bill (H.R. 1424, The Financial Rescue Package), it included a two-year extension of the IRA Rollover provision.  The provision will be made retroactive to January 1, 2008, and will apply to gifts made from that date through December 31, 2009.  The provision exempts from taxable income any funds transferred (“rolled over”) from an Individual Retirement Account (IRA) or a ROTH to a charitable organization.  The following limitations apply:

            
A. The donor must be age 70 1/2 or older.

B. The cap on annual IRA rollovers is $100,000.

C. The contribution must be a direct gift to a charity.

If you qualify, this provision may help you in making gifts to W-H. 

 

Important Dates
The Wardlaw-Hartridge School will be closed December 24 and December 25, 2008. W-H will be closed January 1 and re-open January 2, 2009. If you have any questions, please contact the Development Office at 908-754-1882, ext. 111 for your year-end gifting.

 

 Thank you for your support and have a safe and happy holiday season.