Webb School of Knoxville
Webb School of Knoxville

Ways to Give

Giving is Easy and Safe

There are many ways to make an impact at Webb. Generosity comes in many forms, and it's often the best way for you to support important causes that matter the most to you in your life. When you give to Webb School of Knoxville, you help us make a difference.

Different Ways to Give

Gifts of Cash

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

Gifts of Securities

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.) #443

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.

Gifts of Tangible Personal Property

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

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

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.

Planned Giving

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.

Real Estate Gifts

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.

Start here by learning more about the charitable giving opportunities available to you:  

What it Is Frequency What it Does What it Funds
THE WEBB FUND
  Supplements annual expenses not covered by tuition; sometimes referred to as the Annual Fund.

The Webb Fund focuses on curricular and programmatic enhancements and is the first priority in fundraising for Webb's programs.

Click here to support the Webb Fund.

CAPITAL CAMPAIGNS
Periodically Webb’s current Reimagining EXTRAORDINARY campaign is focused on reimagining the programs, resources and buildings that facilitate extraordinary outcomes. To learn more about the Reimagining EXTRAORDINARY campaign, please click here.
ENDOWMENT
Periodically Takes the pressure off the operating budget and tuition

Examples include: salaries and benefits, faculty development, enrichment programs, financial aid, and more.
 

For more information on setting up an endowment, please contact the Development office
PLANNED GIVING

As a donor feels moved- traditionally, once in a lifetime.

Helps ensure Webb’s financial future for generations to come.

The most common type of planned gift is a bequest in one’s will. However, there are many different ways you can support our school by including Webb in your overall estate or financial plans. Many of these different options will allow you to help advance the mission of Webb School, impact the lives of our students, and may provide you with tax benefits in return. To learn more about these different options please click here

For more information about setting up a planned gift please contact Hugh Nystrom at the Development Office (email & phone). For specific language to add to your will to make Webb a beneficiary please click here.

ALUMNI SCHOLARS FUND
Every year

Creates an endowment fund to support need-based financial aid, promoting economic diversity and enabling deserving students with financial need to have access to a life-changing Webb School education. This fund is the focus of alumni giving, annually, and reunion fundraising.

The Alumni Scholars Fund was established by Webb's Alumni Leadership Council and the school's Board of Trustees in the spring of 2014. It is split 70/30, with 70 percent of incoming contributions funneled to the endowment and 30 percent available for current financial aid needs. The 70/30 split will be reviewed once the endowment fund corpus reaches $1 million, at which point the Alumni Leadership Council will re-evaluate this distribution.

To support the Alumni Scholars Fund, please click here.

 

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