A cash gift may entitle the donor to an income tax deduction for the year in which the school received the gift.

An outright gift of appreciated securities, which have been held for more than one year, may entitle the donor to an income tax deduction at the fair market value of the securities at the time of the gift, and may enable the donor to avoid a capital gains tax as well. Webb School sells securities gifts upon receipt per Board policy.

INSTRUCTIONS FOR GIVING STOCK TO WEBB SCHOOL

If the stock is in a brokerage or bank trust account:
Instruct your stock broker/banker by telephone and follow up with a letter to have the stock electronically transferred to the Webb School account. Our brokers' contact information is as follows:

Ms. Terri Nations
TrustFirst
PH (865) 583-7390
FAX (865) 583-7398
Account Number: 3JD-004228
DTC (Depository Trust Co.) #0443

Webb’s Federal Tax ID# 62-0550980

Please contact Webb's Development Office at (865) 291-3842 or (865) 308-3565 advising us of your gift.

A donor may contribute tangible, personal property such as paintings, antiques, silver, jewelry, etc., subject to the Trustees' acceptance. The income tax deduction available to the donor is subject to the type of property contributed and the school's use of the property. It is the responsibility of the donor and his/her tax advisor to assign a value to this gift for tax purposes. It is important to contact the Development Office prior to delivering any gift of tangible personal property to the school.

Gifts-in-kind are non-monetary contributions given for use at the school. The Development Office assigns no dollar value to these gifts, but does furnish a gift receipt. It is the responsibility of the donor and his/her tax advisor to assign a value to this gift for tax purposes.

Matching gifts occur when participating companies match the amount of dollars given by employees or retirees. The company gives a gift only after the donor has made his/her gift and completed the company's matching gift form.

Webb School also welcomes gifts with a deferred benefit such as remainder trusts, gifts of life insurance, or bequests in wills. Please contact Hugh Nystrom, the Director of Development, with questions.

A donor may contribute a residence, commercial buildings, or developed or undeveloped real property. A remainder interest in a residence may also be donated provided that the value is significantly in excess of the mortgage. The Board of Trustees must approve that the real estate is immediately salable and that temporary ownership will not create the risk of imposing a liability under federal or state laws. If property has previously been held for more than one year, generally the donor may be entitled to an income tax deduction for the value of the property (or the remainder), and the donor will not incur a capital gains tax.