Ways to Give

’Tis the Season to Give to MKA and Get Tax Savings!

We are incredibly grateful for your generous philanthropic support, which provides critical resources to make MKA an exceptional school for each one of our students. There’s still time to maximize your gift, while taking advantage of some year-end tax-saving strategies:

Tax deduction limits: If you itemize your deductions, you can deduct cash contributions of up to 60% of your adjusted gross income (AGI) and up to 30% of AGI for contributions of non-cash assets.
Bundle your gift and give two years of donations as one gift. This will make it easier to itemize your donations this year and allow you to take the standard deduction next year.
Give appreciated assets, and you can both deduct the fair market value of the property and avoid paying capital gains.
Donate cash from the sale of depreciated securities. In a process called tax-loss harvesting, capital losses can be used to offset capital gains and up to $3,000 of ordinary income. You can then claim a charitable deduction if you donate cash from the sale proceeds.

Thank you for your support! However you chose to give, we are grateful for your generosity. For questions, please contact Laela Perkins.

*This is not in any way meant to be tax advice. Please consult with your tax advisor for that, but it may get you thinking about some strategies to benefit you and your favorite non-profit—like MKA!*

Online: Giving online is easy, fast, and secure. You can make your online gift using your credit/debit card, Apple Pay, Google Pay, or Venmo. Please note, MKA’s fiscal year runs from July 1 to June 30.

By Phone: We would be happy to accept your credit card gift over the phone at 973.509.4849.

By Mail: Please make your check payable to Montclair Kimberley Academy and mail to:

MKA Development Office

201 Valley Road

Montclair, NJ 07042

Recurring Gifts: Maximize the impact of your gift with the convenience of automatic renewal. Set up your recurring gift using our online payment form.

Matching Gifts

Matching Gifts

Matching Gifts: Many employers sponsor matching gift programs and will match any charitable contributions made by their employees. If you or your spouse are affiliated with an organization with a matching gift policy, please forward the matching gift form (obtained from your organization’s personnel office) along with your gift to MKA. MKA's tax ID number is 23-7365263. Find out if your company has a matching gift policy.

Tribute Gifts

Tribute Gifts

Tribute Gifts: A gift to MKA is a special way to honor or remember an alumna/us, faculty member, student, or friend of MKA. Whether making the gift online, by mail, or over the phone, please provide the name of the person in whose memory the gift is being made, so we can send a note to the individual or family you have honored; the amount of the gift will not be disclosed.

Planned Gifts

Planned Gifts

Endowment

Endowment

Securities Transfer

Securities Transfer

Securities Transfer: Making a gift of appreciated marketable securities can be a way to make a larger gift at a lower cost than if the gift were made in cash. Such gifts can also have attractive tax benefits. MKA advises donors to seek professional tax advice when making tax related decisions about gifts. To learn more, please contact Tripti Singh at 973.842.2768.

IRA Charitable Rollover Transfer

IRA Charitable Rollover Transfer

IRA Charitable Rollover Transfer: If you are 70 ½ or older and own a traditional or Roth IRA, you can transfer up to $100,000 in a given tax year to a public charity of your choice, including MKA. Such a gift counts towards your required minimum distribution and, though you will not be eligible for a tax deduction, your gift will not count towards your taxable income.

Wire Transfer

Wire Transfer

Pledge Your Gift

Pledge Your Gift

Questions?

Contact the MKA Development Office at development@mka.org or 973.509.7932.