As we start the final countdown to 2021, we invite you to invest in the students of Miss Porter’s by making a gift to the Annual Fund. In 2020, the costs of creating a dynamic, safe and joyful in-person learning experience were extraordinary and frankly, we need your help to ensure that the rest of the academic year can be as successful as the fall has been. Every gift made to the Annual Fund gives us the ability to meet the needs of this moment. Our investments in Covid safety protocols, additional financial aid, technology and inclusion and belonging programming have all made a difference this year. Thank you for making your best gift to MPS this December so that we can confidently meet the expectations of the new year.
An incentive to give by December 31.
At the close of the year on December 31, 2020, the time-limited tax provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act will also close. Through the end of the calendar year, cash gifts made to Miss Porter’s can help you take advantage of these tax provisions.
Donors who typically take the standard deduction may now deduct up to $300 ($600 for couples) in qualified charitable contributions of cash to MPS and other qualified charities. Donors who itemize may deduct cash gifts up to 100 percent of their adjusted gross income in 2020—up from 60 percent. Gifts from donor-advised funds and private foundations are not eligible.
Consider including Miss Porter’s School in your year-end tax planning discussions with your tax advisor.
Gifts of stock should be initiated as soon as possible to ensure that transfers are executed by December 31, the last business day of the year. For information on making a gift of securities, please click here. If you do make a gift of stock, please email Database and Gift Services Manager Jose Lugo with the details.