SEND YOUR GIFT BY CHECK
Here are some helpful notes for sending a gift by check:
- In your gift, you can express a preference for support of a BSUF approved institution. This should be indicated by a notation on the check.
- Make checks payable to British Schools and Universities Foundation, Inc.
- Postmark on or before December 31st to qualify for current-year tax deduction.
- Mail your check to: 575 Madison Avenue, Suite 1006, New York, NY 10022-2511, OR your development director.
- We can accept checks in GBP, but banks charge a large fee to convert to USD, which results in a smaller grant to an institution.
You can securely donate by credit card at Network for Good. You can set a one-time or recurring donation. Network for Good will deduct 3% from your donation for processing, or you can opt to cover this in your donation. Note that when gift are made online, your receipt for tax purposes will come from Network for Good.
GIVE GIFTS IN securities & major funds
Some donors can realize significant tax benefits in giving gifts of marketable securities. Please see Instructions for Donating Securities. To contact BSUF regarding these gifts, please email treasurer (at) bsuf.org.
Individual funds for a dedicated objective within the Foundation's Statement of Purpose may be set up in the case of large donations. To contact BSUF regarding a major donation, please email treasurer (at) bsuf.org.
The information required by many Matching Grant programs is as follows: Website: bsuf.org; Main Address: 575 Madison Avenue, Suite 1006, New York NY 10022-2511; Email address: info (at) bsuf.org; TIN: 13-6161189.
CHARITABLE REMAINDER TRUSTS
There are two kinds of Charitable Remainder Trusts: a Charitable Remainder Annuity Trust and a Charitable Remainder Unitrust. Designating BSUF as remainder beneficiary, either of these trusts affords the donor an immediate charitable tax deduction in the year the trust is created. The trustee then pays the donor income during his/her lifetime or that of any other living non-charitable beneficiary the donor may designate.
In the case of a Charitable Remainder Annuity, the payment is a fixed monthly sum (determined by the beneficiaries’ ages and gender, and the original principal amount of the trust). With a Charitable Remainder Unitrust, the payment will fluctuate up or down depending on investment performance. At the death of the income recipient, the trust passes on to the BSUF as charitable remainder beneficiary; donors may express a preference for an Approved Institution.
BSUF is not permitted to offer tax or legal advice. Donors who are contemplating creating a Charitable Remainder Trust must consult with a professional advisor for guidance (usually their lawyer and banker) prior to making decisions. To contact BSUF regarding a Charitable Remainder Unitrust please send e-mail to treasurer (at) bsuf.org.
INDIVIDUAL RETIREMENT ACCOUNTS
IRAs can be made much more tax efficient by naming the BSUF as a beneficiary with an expression of preference for an Approved Institution. This relieves the Estate of (a) the Distribution and Income Taxes which are levied by most State governments; and (b) of part of the regular Estate tax. To contact BSUF regarding an IRA please send e-mail to treasurer (at) bsuf.org. In 2007, those over age 70-1/2 may find it advantageous to have contributions made from their IRA directly to a charity without paying taxes on the amount withdrawn. The rules are complex, and individuals should consult their own professional advisors for guidance.
A provision may be made in your will or trust bequeathing money to the Foundation. To contact BSUF regarding a bequest please send e-mail to treasurer (at) bsuf.org.