Planned Giving
Gift of Cash
Your outright gift of cash or check helps West Virginia students, and may provide you with a tax deduction. Donors to The Education Alliance will receive a tax deduction voucher for tax purposes upon receipt of payment. Unless otherwise indicated, contributions to The Education Alliance are 100% tax deductible.
Donate monthly to become a Friend of the Alliance. You can change or cancel your monthly gift at any time.
OR
Mail a check made out to The Education Alliance to:
The Education Alliance
PO Box 3071
Charleston, WV 25331-3071
How will my donation be used?
- $5 Gives a graduation cord to a student who has completed a summer internship
- $20 Helps a potential student enroll into college
- $30 Connects a student with a caring adult role model
- $50 Allows a new student to receive support as they begin their college career
- $70 Supplies a student with an online math curriculum
- $100 Provides incentive to an intern for completing their capstone project
Other Ways to Support
The Education Alliance has a limited number of WV Neighborhood Investment Program (NIP) tax credits. Gifts of over $500 qualify for a 50% tax voucher and are available on a first come basis. Please contact Sally at sally@educationalliance.org for more information or to reserve your credit. Learn more about the NIP.
Gifts of stock can help The Education Alliance continue its mission to ensure every West Virginia public school student graduates ready to begin a career or pursue additional education.
If you’re interested in making a gift of stock, please contact Sally Barton at sally@educationalliance.org or by calling 304-640-2281.
Mail physical stock certificates to:
The Education Alliance
PO Box 3071
Charleston, WV 25331-3071
If you are 70 ½ or older, you can make a Qualified Charitable Distribution (QCD) from your IRA up to $100,000 directly to The Education Alliance. You can help West Virginia students and potentially receive a tax benefit.
A donation transferred directly from your IRA to a qualified charity like The Education Alliance is generally not considered taxable income on your federal income tax return. As always, we recommend that you contact your plan administrator or professional advisor to determine if this type of gift is right for you.
Have your IRA administrator contact Sally Barton at sally@educationalliance.org to help you make a charitable rollover gift to The Education Alliance.
Provide now for a future gift to The Education Alliance by including a provision in your will or other estate plans.
Always consult your professional advisor when making or revising your will.
Residuary bequest: "Residue" is a term to describe the portion of your estate that remains after all debts, expenses and specific bequests to others have first been fulfilled. All the rest, residue and remainder of my estate for federal tax purposes I give The Education Alliance, located in Charleston, West Virginia Tax ID 55-0630914, for its general purposes.
Specific bequest: I give to The Education Alliance, located in Charleston, West Virginia, Tax ID 55-0630914, the sum of $______, for its general purposes.
If you have already left The Education Alliance in your will, or if you plan to do so, please let us know so we can show our appreciation and better plan for the future.
You can donate retirement assets, including IRAs, 401(k)s and 403(b)s, to The Education Alliance.
Donating during your lifetime: In order to donate retirement plan assets during your lifetime you would need to take a distribution from the retirement account, include the distribution in your income for that year, account for any taxes associated with the distribution, and then contribute cash to the charity—with one exception. People who are age 70 ½ or older can contribute up to $100,000 from their IRA directly to a charity and avoid paying income taxes on the distribution. This is known as a qualified charitable distribution. It is limited to IRAs, and there are other exclusions and considerations as well.
As part of an estate plan: By contrast, there can be significant tax advantages to donating retirement assets to charity as part of an estate plan. When done properly, charitable donations of retirement assets can minimize the amount of income taxes imposed on both your individual heirs and your estate.
Please speak to your professional advisor to discuss options for giving including retirement plans.