Ways to Give
Thank you for considering a gift to Mercersburg! Your support helps launch talented young people on a path of self-discovery and equips them to lead and serve our world. Below are some of the ways you can make your gift.
Use our online form to contribute quickly and securely through the Mercersburg website, or call the Office of Advancement and Alumni Relations at 800-588-2550 to make your credit card gift by phone.
Make your check payable to Mercersburg Academy and mail it to the Office of Advancement and Alumni Relations, 100 Academy Drive, Mercersburg, PA 17236.
Stocks, bonds, or securities
If you own appreciated stock or mutual funds, you can gift them to Mercersburg Academy. By doing so you can take a charitable deduction for an amount equal to the value of the stock on the day we receive it, and you avoid any capital gains tax that you would have paid had you sold the stock. In this way, the tax savings can be much more significant than with a gift of cash.
View the instructions for gifting stock here.
Joe has a 50th reunion in June and wants to make a special gift to honor that milestone and the special connections he’s reestablished with his classmates. He bought shares of IBM back in 1980 for about $16 per share. It now trades for about $135 per share. He makes a gift of $10,000 to the Annual Fund, larger than he ever thought possible, for shares that originally cost him less than $1,200. Additionally, he pays no capital gains because the shares were gifted to Mercersburg, and he receives a tax deduction for the full $10,000.
New gifts fund account (where all gifts are normally deposited):
Bank: TD Bank, Wilmington, DE 19801 ABA
Swift Code: NRTHUS33XXX
Account Name: Mercersburg Academy – New Gifts Account Number: 4251283621
Did you know that Mercersburg Academy accepts gifts made through donor-advised funds? Just ask your fund manager to transfer funds to Mercersburg.
Educational Improvement Tax Credit
The Commonwealth of Pennsylvania offers a tax-credit program that enables businesses to redirect their tax dollars to Mercersburg for financial aid in support of students from the state. The application process is easy, and the benefits to deserving students are transformational. Learn more.
IRA charitable rollover
If you are a U.S. taxpayer and at least 70 1/2 years of age, you may make gifts to Mercersburg from your IRA without having to count those funds as part of your adjusted gross income. Consequently, you do not have to pay taxes on the gifted amount.
Distributions, which count toward your required minimum distribution (RMD), must be made directly from the IRA trustee to Mercersburg, and the individual maximum is $100,000 per calendar year. This is a great reason to consider using your IRA (instead of cash) to make a charitable gift.
For more information about this opportunity, contact Carolyn Griffin Yeager at 800-588-2550 or email@example.com. Brokers and IRA administrators don’t always include donors’ names on stock transfers and IRA distribution checks, so if you’re planning to make a gift to Mercersburg Academy using an IRA or stocks, please let us know so that we can identify and recognize your gift promptly. And, please let us know if you want your gift used for a particular purpose.
CARES Act Relief Bill Extension Boosts Charitable Giving Tax Breaks
The federal CARES Act Relief bill has been extended into 2021, allowing you to make gifts to Mercersburg Academy with an even greater impact for you and the school.
Single filers making cash gifts can take an “above-the-line” charitable deduction for gifts up to $300 even if you don’t itemize deductions on your 2021 income tax return. New in 2021 is that those married filing jointly and making cash gifts may take an “above-the-line” charitable deduction of up to $600.
If you itemize your deductions, you may deduct cash gifts up to 100 percent of their adjusted gross income in 2021—an increase from 60 percent. Corporations may deduct charitable gifts up to 25 percent of the corporation’s taxable income (increased from 10 percent).
Maximizing Your Support
Give a larger gift by making smaller monthly payments instead of a one-time contribution. These payments can be automatically charged to your credit card.
Commit your support beyond the current school year and keep track of your giving by making a multi-year pledge. Lock in your participation for up to five years at a time.
Volunteer your time in addition to your treasure and help Mercersburg galvanize support for the Annual Fund. Opportunities include class agents, reunion committee members, White Key volunteers, and phonathon callers.