Making the Most of Your Giving

The new federal tax law that took effect in 2018 will change how many Americans take deductions, including gifts to charity.
This new tax law significantly increases the standard deduction for individuals, meaning the incentive to itemize deductions for about 21 million of the 37 million Americans who previously itemized, is potentially lost.
So what can you do to preserve your financial benefit to giving?
Here are a few ideas:
  • Make a gift through a charitable checking account. Commonly available at Community Foundations and financial services companies such as Schwab and Fidelity, this allows you to make one lump gift (itemizing in that year) from which you can direct gifts to charity over several years.
  • Potentially make a larger gift and save more on your taxes. With a gift of long-term appreciated securities including stocks, bonds and mutual funds, you may avoid long-term capital gains tax. If you’re holding securities with a loss, you may be able to sell, take the capital loss and donate the proceeds to charity. Consult with your tax professional on what would be best for you.*
  • Donate directly from the Required Minimum Distribution from your tax deferred retirement account once you reach the age of 70 and a half. The income you must start drawing down at that age is taxable, but it can be directed to a charity and you can avoid the additional tax. Your 401K or IRA trustee can set this up for you.
Your gift is so meaningful to Park School. We hope these tips can help you maximize your charitable giving. With your support, Park will continue to prepare students to be passionate, caring, and creative learners who will thrive in college and in life
Please contact Director of Development Carolyn Hoyt Stevens to discuss your charitable goals. Click here to send an email or call 716-839-1243 x104.

Many thanks for your support of The Park School!

*If you’re making a gift of stock, please let us know! We can ensure a smooth process and timely acknowledgment when you notify us of a pending transaction.
Founded in 1912, The Park School of Buffalo has the distinction of being one of the oldest Progressive schools in the country. Park is an independent, co-educational school serving approximately 300 students enrolled in prekindergarten (3 and 4 year olds), lower school (kindergarten through grade 4), middle school (grades 5 through 8), and upper school (grades 9 through 12). Park is uniquely situated on 34 beautiful acres in Amherst, New York. The School’s campus – formerly a farm – includes a pond, marsh, gardens, and a greenhouse while being located just minutes from downtown Buffalo and easily accessible from many communities throughout Western New York. Park’s educational philosophy embraces active, student-centered learning, delivered by exceptional teachers who design and continuously update a robust curriculum. Faculty members approach each student as an individual within the context of a kind and respectful community. From the preschool years through college preparation, The Park School of Buffalo helps learners realize their own unique potentials and prepares them to be confident, successful, life-long learners.

The Park School Of Buffalo

4625 Harlem Road
Snyder, NY 14226
Receptionist: 716-839-1242
Voicemail: 716-839-1243
Fax: 716-839-2014