’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 Jessica St. Marie.
*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!*
Ways to Give
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 973.509.7932.
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.
Contact the MKA Development Office at firstname.lastname@example.org or 973.509.7932.