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Gifts of cash can be made all at once or pledged over a period of time.  If you would like your gift to go to a fund other than the Fairfield Prep Fund, please indicate how you would like your gift allocated by including a note, or in the memo section on your check.  All checks should be made payable to Fairfield Prep and mailed to:

Fairfield Prep
Advancement Office
1073 North Benson Rd.
Fairfield, CT  06824

Matching gifts from corporations are a substantial and welcome way for donors to help Fairfield Prep obtain additional funds. Matching gifts, directed for the same purpose as your gift, will be counted as a contribution over and above your personal gift or pledge payment. Depending on your employer, your gift could be matched 1:1, 2:1, and sometimes 3:1. 

The Advancement Office will verify the gift and form. The form will then be returned to your company, which will then issue a matching gift contribution to Prep. If you have already sent in a gift to Prep, but forgot to complete a matching gift form, it’s not too late to send it in.  Simply send us your completed matching gift form along with the approximate date and amount of your gift and we’ll do the rest!

If you have any questions, please contact the Advancement Office at 203-254-4237 or email advancement@fairfieldprep.org.

Contributing appreciated securities to Fairfield Prep is an ideal way to make a gift.  If the security has been held for at least one year, the donor may be eligible for an income tax deduction of the full market value.  In addition, the donor may avoid any capital gain tax.  Please consult your tax advisor for information regarding your own personal situation.

Electronic transfers of stock can be made by your broker to Fairfield Prep’s brokerage account using the information below:

Merrill 
300 Broad Hollow Rd, 2nd floor
​​​​​​​Melville, NY  11747

Financial Advisor – Roderick Jones
Telephone: 631-351-5084
Email: roderick.jones@ml.com

DTC # 8862
Fairfield Prep Account: 2Z7-02024
Reference: (Donor Name)

Please contact the Advancement Office at (203) 254-4237 promptly to notify us of a stock transfer so we can correctly record your donation. Our brokerage firm does not receive your name or specific instructions regarding your gift.

Your gift is considered made on the date that the securities pass unconditionally out of your control. For listed securities, the value of the gift is the mean between the high and low quotations on the date that the gift is made. Fairfield Prep normally records the gift at this value and provides acknowledgement of the receipt of the gift.

Thank you for your generosity in supporting Fairfield Prep. Go Prep! 

If you are 70½ years old or older, you can take advantage of a simple way to benefit the Fairfield Prep and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as Fairfield Prep without having to pay income taxes on the money.

Why Consider This Gift?

• Your gift will be put to use today, allowing you to see the difference your donation is making.

• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.

If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

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Life insurance can make a great gift.  If you are carrying more insurance coverage than your family obligations now require, you may want to consider gifting an unneeded, paid-up policy.  If you transfer all rights and incidents of ownership of your policy to Prep, you will be eligible for a charitable income tax deduction equal to the policy’s cash surrender value or cost basis, whichever is less.  The insurance policy must be whole life, not term insurance.  The value of your gift for gift crediting purposes will be the cash surrender value of your policy on the date of transfer.

One of the simplest giving options is including Prep in your will.  Designating a specific dollar amount, a percentage of your estate, a residual of your estate or a contingency amount allows you to make a high impact, legacy gift to Prep.  It is recommended that a copy of the provision in your will that specifies your bequest to Fairfield Prep be forwarded to the Advancement Office in order to ensure that your bequest is carried out as you intended.

A gift of real estate may include personal residence, investment property or undeveloped land.  An outright gift of real estate held by the donor for more than 12 months provides the donor with a charitable income tax deduction for the full market value of the property, based on an independent appraisal.  The deduction is limited to 30 percent of the donor’s adjusted gross income, but the remaining value of the deduction may be carried over and used for deductions for the next five years.

A gift of personal property may include jewelry, paintings, stamp/coin collections or antiques.

Charitable Remainder Trust:   

A charitable remainder trust is an irrevocable trust which pays income to the beneficiaries designated by the donor.  At the end of a specified term the remainder in the trust goes to Prep. The donor may act as trustee and make investment decisions with regard to the trust and may increase the value of the trust at any time.  The creation of a charitable remainder trust provides the donor with a charitable deduction in any year in which a transfer of property is made to the trust.

Charitable Lead Trust:  

If you have a large estate and are looking for ways to pass more on to your heirs, a Charitable Lead Trust may be an excellent plan for you. A Charitable Lead Trust is a gift plan that allows you to transfer assets to future generations at a significantly reduced gift or estate tax cost, while providing a stream of income to Prep for a term of years. 

The main advantage of a Charitable Lead trust is that the term and payout rate of the trust can be adjusted to reduce or even “zero out” the gift tax you owe on the asset transfer to your heirs. In other words, it is possible to make a large asset transfer to your heirs tax-free, while also benefiting Prep. In addition, any appreciation that takes place inside of the trust goes tax-free to your heirs. This makes a Charitable Lead Trust a powerful wealth transfer tool.