Every gift, large or small, unrestricted or restricted, is important to Portsmouth Abbey. There are many ways of supporting the School's people and programs. Careful planning can help maximize the advantages to both the donor and the School. A range of some of the methods that may be used to give include:
Cash
The majority of the gifts received by Portsmouth Abbey are outright cash contributions. The donor may deduct the gift up to 50% of adjusted gross income. If a gift totals more than the 50% limit, the excess may be carried forward into as many as five additional tax years until the deduction is exhausted.
Cash gifts can be made by check or credit card. Checks should be made out to Portsmouth Abbey School and sent to Portsmouth Abbey School, Alumni/Development Office, 285 Cory's Lane, Portsmouth, RI 02871.
Credit Card
Portsmouth Abbey accepts credit card donations made with MasterCard, Visa or American Express card. Our secure online server it the quickest and easiest means of making your gift to Portsmouth Abbey. A confirmation will be emailed to you immediately once your credit card information has been submitted. If you would prefer to make a credit payment by telephone, please call the Development Office at (401) 683-2007. Make an On-line gift now by clicking here.
Automatic Withdrawal
Procedures for Automatic Withdrawal Authorization
1. Click here to print a copy of the Authorization Form
2. Complete the Authorization Form
3. Attach a voided check to the form.
4. Return this form and voided check to the Development Office:
Office Of Development
Portsmouth Abbey School
285 Cory's Lane
Portsmouth, RI 02871
Please be sure to read the form carefully and make sure all account information is accurate.
Please contact Development Officer Polly Carter at 401.643.1204 or pcarter@portsmouthabbey.org with any questions.
Appreciated securities
Gifts of appreciated stocks are a particularly advantageous way of making a donation to Portsmouth Abbey because such gifts provide greater tax benefits than those available to a donor of an equivalent value in cash.
Gifts of appreciated securities held by the donor for more than one year provide the donor with two tax benefits: (1) no capital gains tax is imposed on the "long term" appreciated portion of the gift, and (2) the donor is entitled to a charitable deduction equal to the fair market value of the securities on the date of the gift. Federal law limits the deduction to 30 percent of the donor's adjusted gross income in a single year, but allows the five-year carry-over described above, limited to 30 percent of adjusted gross income in each carry-over year.
Delivery Instruction for DTC Transactions
Gifts of securities may be easily transferred into the School's account at Smith Barney. The following account information is needed for such an electronic transfer:
Agent: Smith Barney
DTC #: 0418
Account Name: Gift Clearance Account
Account #: 232-54314-15-247
Contact: Shawn Rubin/ Joseph Rumore
Telephone: 212 893-6322
Fax: 212 893-6301
Email: shawn.a.rubin@smithbarney.com
Address:
Smith Barney
399 Park Avenue 12th Fl
New York, NY 10022
Please Note: It is extremely important that the donor (or his/her representative) notify the School when transferring securities into the School's account. Securities cannot be sold until the donor has been identified. Additionally, your name and address are required for tax deduction and acknowledgment purposes.
Delivery Instruction for stock held in certificate form
If shares are registered in the donor's name, the stock certificated should be sent unsigned in an envelope to:
Shawn Rubin/ Joseph Rumore
Smith Barney
399 Park Avenue 12th Fl
New York, NY 10022
The back of the certificate should be signed along with a letter stating they would like shares to be deposited into the account name "Gift Clearance Account, Order of St. Benedict in Portsmouth, RI"
Account Name: Gift Clearance Account
Account #: 232-54314-15-247
Stock powers should be sent under seperate cover to the above address
To make a gift of securities or if you have questions, please contact Development Officer Polly Carter (pcarter@portsmouthabbey.org) via email or by phone at 401-643-1204.
Matching Gifts
Many gifts to Portsmouth Abbey are double or even tripled because corporations and foundations match gifts made by their employees, retirees and directors. Typically, Portsmouth Abbey receives over $50,000 each year because our donors took the extra steps necessary to maximize their gifts by obtaining a matching gift form from a corporation or foundation with which they are affiliated. Please check with your organization or contact Development Officer Polly Carter (pcarter@portsmouthabbey.org) via email or by phone at 401-643-1204 to find out if your company matches gifts.
If you or your spouses are affiliated with an organization that will match gifts to private secondary schools, please forward the matching gift form along with your gift to Portsmouth Abbey. If making your gift online, send the form separately by mail. Please check with your personnel office to obtain a matching gift form.
Other Assets
Other assets that can be used to fund these and other gifts arrangements include appreciated real estate (commercial or residential; art, books or collections that have appreciated in value; life insurance; and retirement plan assets.
Your generosity to the Portsmouth Abbey School and participation in the Annual Fund is greatly appreciated and helps to enable current students to receive an exceptional and unique education.
