Pledge Payments
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All pledge payments are considered charitable contributions and are (usually) tax deductible.
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Payments acceptable by check, credit card* or stock.**
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Pay in full by 12/31/21, or
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Pay in three annual installments – first payment due 12/31/21.
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Payment collected by credit card transactions are subject to 3% fee.*
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Donation of appreciated stock has the added tax advantage that capital
gains tax is not applicable on the appreciated value. -
Consult a tax advisor to understand your personal situation.
* Credit card payments are subject to a 3% processing fee. If choosing this option, please consider increasing the pledge by 3% so that the Capital Campaign does not lose these funds.
** While all donations (check, credit card, stock) are tax deductible as charitable contributions, the added advantage of donating Appreciated Stock (that is, stock that has risen in value) is that the donor does not need to pay Capital Gains Tax on the Appreciated value (profit). For example: Say you bought stock and it cost you $2,000. You are now ready to donate it to the synagogue and it is worth $3,000 when sold. The $1,000 difference is not subject to the Capital Gains Tax. Assuming the tax rate for the donor is 15%, the donor saves $150.