The SVEAAI is a 501 (c) (3) not-for-profit organization. As such, your contributions are tax-deductible. Any undesignated contributions will default to our scholarship fund.
Annual membership dues are not mandatory, however, paid annual dues offers alumni voting status within the association. The $5 annual dues are used to defray operating expenses and are not tax deductible. Annual dues may be paid by check to: SVE Alumni Association, P.O. Box 216, Spencer, NY 14883, or on line here.
This fund is earmarked for operating expenses, including, but not limited to, mailings, web hosting fees, insurance, printing, etc. All sales from our alumni raffles and merchandise go toward this fund. Contributions to the general fund are tax deductible.
One hundred percent of the donations to this fund go directly to the scholarships we provide to SVE students each year. Visit our scholarship page to view the most recent recipients. Your support helps us grow the program and increase the number of scholarship awards offered each year. Scholarship donations can be made by check to: SVE Alumni Association, P.O. Box 216, Spencer, NY 14883, or on line here.
Legacy Scholarship Endowment Fund
Many alumni have taken the special step of including the SVEAA in their long-term plans through estate-related giving arrangements. Thoughtful gift planning is an excellent way to support the Legacy Scholarship Endowment Fund. Your gift will help build an endowment that will generate funds toward future scholarships. The Legacy Scholarship Endowment fund will be placed in secure investment instruments to protect the principle, while providing sustainable returns.
Other Ways to Support the SVEAA
- Vehicle Donation
Vehicle donation is the practice of giving away no-longer-wanted automobiles or other vehicles to charitable organizations. Donating is easy, the pick-up is free, and your gift is tax-deductible. To learn more about the program, or to get started with your vehicle donation, simply go on line here.
- Life Insurance
Insurance policies and retirement benefits such as pensions and IRA accounts can be assigned by naming SVEAA as the beneficiary or by designating a percentage of a policy. This can be done by contacting your insurance agent to add SVEAA as a designated beneficiary. If you have assigned SVEAA as a beneficiary, please let us know.
Increasing numbers of alumni and friends are making gifts to the SVEAA using appreciated securities, including publicly traded and privately held stock and mutual funds. The attraction of this method of giving is that the donor is entitled to take a charitable deduction for the full current value of appreciated securities held longer than one year and is able to avoid paying the capital-gains tax that would be due if the donor sold the securities.
- Matching Gifts
Many employers recognize the importance of philanthropy by agreeing to match or multiply donations made by active and retired employees and, in some cases, employees’ spouses and partners as well. Your gift to the SVEAA could double or triple in value. See if your company currently participates in matching gifts, or contact your human resources office for matching-gift forms.
- Bequests, Estate Allocations, Wills and Trusts
A gift made through a will is a simple and high-impact way to support the SVE Alumni Association and can be for a specific amount, a percentage, or a residual portion.
A trust allows a donor to use stocks and other assets – and receive current tax benefits – while declaring their commitment to the work of the SVE Alumni Association.
For questions regarding any of the above giving methods, please contact either firstname.lastname@example.org or email@example.com. If you have already named the SVEAA in any of these instruments, please let us know. Your gift could inspire others to do the same. Anonymity is assured upon request.
This information is intended to be illustrative only. Please consult your attorney or tax advisor.