You can help us achieve our mission through a variety of methods. Please consult with your financial advisor and give us a call for consultation.
- Cash: Gifts of cash or its equivalent may be tax-deductible, up to 50% of your adjusted gross income (AGI) if you itemize. If the total of your charitable gifts in a given year exceed the 50 percent limit, the balance can be carried over for up to five years. Please pay online or make checks payable to EMS and send to Development, 801 Parkwood Drive, Harrisonburg, VA 22802. Recurring donations are also available through our online giving program.
- Matching Gifts: EMS welcomes contributions given on a match basis to encourage others to give. Also, some corporations match employee contributions to charity. Consider leveraging your gift by establishing a creative match.
- Donor-Advised Funds: Thank you for considering EMS for grants and donations if you have a donor-advised fund.
- Appreciated stocks: Donating long-term appreciated securities directly to EMS rather than selling the assets and donating the cash proceeds is one of the best and easiest ways to give more. By taking advantage of the applicable tax incentives, you can significantly increase the amount of funds available for charitable giving.
- Retirement plans: Donors between the ages of 59 1/2 and 70 1/2 may withdraw funds from IRAs or other pension plans without penalty to make donations. These withdrawals will be considered taxable income, but will be offset by a charitable tax deduction, to the extent allowed by the Internal Revenue Code.
Donors 70 ½ and older can make a Qualified Charitable Donation of up to $100,000 from IRAs or other pension plans, tax-free. The gift must come directly to EMS.
- Life insurance: Many people overlook the value of an insurance policy that they no longer need, but would be included in their estate. When you name EMS as the owner of a paid-up policy, the charitable deduction is generally for the policy's cash surrender value or net premiums paid on the policy.
- Real estate: A gift of real estate, which can include residences, acreage, farms, and vacation properties, to EMS avoids capital gains taxes and can provide a charitable deduction for the full value of the property, subject to the 30 percent limitation.
- Estate Gifts: Including EMS as part of your will provides long-term financial planning confidence for completing projects today. Identifying EMS as a beneficiary in your estate plan is a significant way to support the institution long term. Planned gifts often grow our endowment funds, ensuring gifts will continue to have positive impact far into the future. Read more about charitable planned giving.
- VA Dept of Education Improvement Scholarships Tax Credit Program: If you pay Virginia state taxes, you can complete some simple paperwork to have your gifts triple in value AND support students! Learn more.