The Arrow Giving back Year End 2013 â€”
2013 Year End Giving Ideas
Another Oak Hill Success Story A Note from Julieâ€™s Parents â€“ It is such a feeling of despair and helplessness when you kn ow that your child is smart but no matte r what you do, you cannot con vince them of that, or motivate them to do the work that will make them successful in school. That is the dilemma we were faced with wh en Julie was in 8th grade. We knew something had to change, so in the search for a new educational environment for her, we happen ed upon the Oak Hill Academy we bsite. What a wonderful blessin g that was. After visiting Oak Hill with Julie over the summer, she reluctantl y agreed to attend Oak Hill and tha t was the beginning of a complete turnaround for her both in her educational achievement, self -confidence and success. The stru cture that the nurturing and caring staff lovingly brought to her, led her to believe in herself and her ability and to succeed. They guided her and cheered her on as she began to succeed, which just continued to build her self-confidence and success. As Julie said, Oak Hill saved her . She would not be the accom plished young lady she has become wit hout the four years she spent at Oak Hill. We are still brought to tears wh en we think of what could have bee n if we had not found Oak Hill. We are eternally grateful for what they did for Julie. The faculty and staff are dedicated, but more than that, they care deeply for their students and are always striving to ensure their success. We could never express our gra titude to the fullest extent of ou r feelings so we will just say thank you fro m the bottom of our hearts. Laura and Randy Moorhead
“A Word from a Thankful Alumnus”
ight years ago, in the fall of 2005, I arrived at Oak Hill Academy as an underachieving and insecure young girl. I had just barely passed the eighth grade, when my parents decided to try a new environment and way of learning for me, as a last resort. I was battling low self esteem and a difficult depression as a result of my inability to see in myself what the faculty and staff of Oak Hill would come to see in me over the next four years. I was struggling with my academics, my integrity and my relationship with my parents and family. I felt as though I was a burden to my very successful mother and father. I will not hold back when I say that Oak Hill saved me. I was at the lowest part of my life, but I did not realize that all I needed was a little help. I needed help to gain my confidence and I needed someone to show me that I could be successful no matter what I chose to do in life. Once I settled into my new “home,” I felt an immediate change. I became involved with the Equestrian program and spent many of my afternoons taking care of and riding the horses, and spent many weekends traveling to different shows as a member of the Equestrian Team. I was a member of the Cheerleading team, had the opportunity to participate in the school leadership program, and participated in many other extracurricular activities, all while consistently being awarded the “A” or “B” honor roll. Oak Hill gave me a certain level of responsibility to take upon myself. I had to learn how to manage my time and complete my responsibilities in a thorough manner. And whenever I needed help, a teacher or staff member was right there by my side, offering a hand and sometimes stern encouragement. In order for me to see my potential, I had to put my trust into them. I had to realize that they, like my parents, wanted the absolute best for me. Once I opened up and let them in, I transformed and grew into the person I was destined to be all along.
It takes a special person to work at Oak Hill. The teachers, administrative staff and residence life staff are all so willing to go that extra step for you. I know in my heart today that each one of the faculty and staff that had a part in my growth and achievement, were willing to go to great lengths to show me that I had all the potential to be a success. They helped me, they believed in me and they watched me grow from an underachieving child, to a wise and confident young woman. They are truly a blessing to me, my family and all other young students who have had the same positive experience. Because of the strong base that I molded and built during my years at Oak Hill Academy, I was able to open up so many doors to my future. After graduating with honors in 2009, I left to attend Sweet Briar College, double majoring in English with Creative Writing and Philosophy. When I was sitting at my college graduation this past May, I couldn’t help but think about the wonderful opportunity Oak Hill gave to me. Eight years ago, the thought of going to college was inconceivable, but on that beautiful day this past May, I realized I had finally achieved a wonderful and fulfilling personal success. Now, I am beginning what I hope to be a long and rewarding career in politics, starting with my current position as Staff Assistant to a prominent Virginia Congressman in the United States House of Representatives. Oak Hill Academy not only helped me achieve my dreams, but helped me realize that my dreams were possible. For that, I am forever grateful. Julie Moorhead Class of 2009
2013 Year-End Gift Ideas Year-end giving is as easy as (1) making a charitable gift, and (2) saving taxes. We’d like to make it even easier with this primer on some of the best ways to save—and give.
50% of your adjusted gross income. If your total gifts should exceed this limitation, the excess may be carried forward for tax purposes for up to five additional years.
The tax laws intentionally encourage charitable giving. Because of the income tax charitable deduction, individuals who make their gifts by December 31 and itemize can significantly reduce their income taxes for 2013.
Gifts of Stock
Example: If you make a charitable gift of $10,000 in 2013, you can save $3,300 in taxes if you are in the 33% tax bracket. And the higher your tax bracket, the more money you save with a charitable gift.
Giving long-term appreciated stock offers you a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock. For income tax purposes the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward.
Giving is, of course, much more than tax brackets and charitable deductions. Philanthropy provides the meaningful difference in what we can do. This brochure is only a brief introduction to some of the best tax–advantaged methods of giving. We would be pleased to provide you with further information. Also, we urge you to discuss your 2013 year-end tax planning with your accountant or other professional advisor. Gifts of Cash There is no easier way to garner a charitable deduction for 2013, and support us at the same time, than by simply writing a check! Make sure your envelope is postmarked by December 31; if it is, your gift will qualify as a 2013 gift even if it is not received by us until the first week of 2014. If you itemize, your outright gifts of cash are fully deductible for federal income tax purposes up to The Arrow is published by the Development Office of Oak Hill Academy and is distributed to alumni and friends of the Academy. Oak Hill Academy 2635 Oak Hill Rd Mouth of Wilson, VA 24363 276-579-2619 www.oak-hill.net
President Dr. Michael D. Groves Board of Trustees Rev. Robert Bailey Mr. Kenny Bowen – ‘78 Ms. Bonnie Burke – P’07 Rev. Danny Collins Mr. Larry Conner Mr. Ralph Davis Mrs. Lisa Dockery Rev. John Duvall
Year-end 2013 may be an excellent time to consider a gift of stock.
Example: If you purchased stock many years ago for $1,000, and it is now worth $10,000, an outright gift of that stock to us would result in a charitable deduction of $10,000. In addition, you permanently avoid paying capital gains tax on the $9,000 of appreciation. Gifts of Real Estate If you have owned your home, a vacation home, acreage, or a farm for many years, a charitable gift of that real estate can be especially tax–advantageous. The property may have so appreciated in value over the years that its sale would result in a sizeable capital gains tax. If given to us instead, you avoid the tax and, at the same time, realize a charitable deduction for the full fair market value of the real estate. You may also wish to consider a gift of your personal residence or farm, reserving the right to continue to live in the house or farm the property for life (and, if applicable, the lifetime Mrs. Sidney Rose Fant Mr. Marshall Frank – P’08 Mr. Todd Fuller Mr. Dennis Gambill Mrs. Susie Garner Mr. Don Gibson Mr. Rex Halsey – ‘55 Mr. Rodney Halsey Dr. Thomas Harvey Mr. Marty Parks Mr. George Pelton – ‘67 Mr. Carl Rosberg
Mr. Tom Saunders Mr. Jim Tapp Dr. Dennis Throckmorton Mr. Taylor Vaughan Mr. Harold Wingate P - Parent of OHA Alumnus
of your surviving spouse). Through such an arrangement, you will be entitled to a current income tax deduction for a portion of the fair market value. Gifts of Life Insurance If you own a life insurance policy that is no longer needed, consider it as the perfect vehicle for a 2013 year-end charitable gift.
amount from the trust each year. This amount is agreed upon when you create the trust; it stays constant, no matter what happens with the stock market or interest rates. If you have already considered a provision for us in your will, please note that a life income gift can often be preferable. Such a gift allows you to accomplish your goals during your lifetime—and in a tax-advantaged way.
To receive a charitable deduction, name us as both the owner and beneficiary of the policy. If the For Certain IRA Owners policy has a cash value, you can take a charitable An IRA owner who is age 70 ½ or over can directly deduction approximately equal to the cash value at transfer tax-free up to $100,000 to an eligible the time of the gift. charity. This includes transfers from a traditional In addition, if annual premiums are still to be made or Roth IRA (distributions from employersponsored retirement plans are not eligible). Such and you continue to pay them, those premiums transfers are counted in determining whether the will become tax deductible each year. (It’s easy to IRA’s minimum distribution contribute a life insurance policy to us. Just check requirement has been met. with your life insurance agent Please note that these special for details on which forms to rules are currently scheduled complete.) to expire at the end of 2013. Life Income Gifts Please call us or your financial advisor for details. If you are considering a major gift, your gift of cash or stock in the form of a “life income gift” can significantly increase your income.
A life income gift allows you to transfer assets now, and yet continue to receive income from the cash, stock, or other property contributed. A life income gift can allow you to: (1) increase your income for life; (2) receive a generous charitable contribution deduction in 2013; and (3) if you contribute stock, avoid any capital gains tax on the appreciation. A life income gift is often made through a trust arrangement called a “unitrust” or an “annuity trust.” With a unitrust, you and/or your spouse (or another beneficiary) receive annually a fixed percentage of the fair market value of the assets in the trust. The income received will vary from year to year, based upon how the trust’s investments perform. With an annuity trust, you and/ or your spouse (or another beneficiary) receive a fixed
For Further Information No one publication can tell you everything you need to know about 2013 year-end gift opportunities and which method would be the most advantageous for your particular situation. Be sure to check with your accountant or other tax advisor for additional information on how these general rules apply to your situation. We would be pleased to provide you with additional information on any gifts you may be considering. Thank you for your support at year-end — and throughout the year! Copyright MMXIII by Calder P. Sinclair
Donor Appreciation Event On Saturday, November 9, Dr. and Mrs. Michael Groves hosted the eighth annual donor appreciation event. The evening began with a social time and a musical performance by our guitar students under the direction of Mr. Zachary Fulbright. Everyone then made their way to the Ussery Archives Room for dinner. The event concluded with guests enjoying a home gold team game in Turner Gymnasium. A special thank you is extended to the staff of MeriwetherGodsey for a delicious meal. This special event was created to honor the donors of the academy who are members of the “Oak Club” and “Founders Club.” For more information on becoming a member of these giving circles or any of Oak Hill Academy’s other giving circles, please contact Mr. Tim Henry in the Development Office.
Oak Hill students volunteer to help out at the Grayson Highlands School Fall Festival every October by providing their time and talents to help make the festival a huge success.
Grayson Backpack Ministry The Grayson Backpack rovides Ministry p ty f food for yson Coun ra G packages o in n re To olchild weekends. needy scho e th r e v o d them enus, a foo m ’s to sustain m ra g t the pro nty High supplemen rayson Cou G e th t a ber eld on Septem e drive was h m a g ll a e footb and to School hom A students were on h r OH od items fo fo f o 20. Several n o ti c e colle help with th inistry. this great m
Operation Christmas Child Since 1993, more than 100 million boys and girls in over 130 countries have experienced God’s love through the power of simple shoebox gifts from Operation Christmas Child. Samaritan’s Purse works with local churches and ministry partners to deliver the gifts and share the life-changing Good News of Jesus Christ. Oak Hill Academy students Leah Baucom, Destiny Crickman and Carly Bronikowski donated their money and time to make sure several children around the world have presents for Christmas.
Blood D rive Oak Hill Academy students are alway s willing t o step up and giv e “the gif t of life” by d onating a t the Blood Dr ive held h ere on campus e very fall.
Students Giving Back
Grayson Highlands School Fall Festival
Wish List Are You Interested in Filling a Specific Need at Oak Hill Academy? Current Giving Opportunities
Digital SLR Cameras for Yearbook Staff (5 needed) Purchased! $200 each DVD Recorder/VCR Combo for Library $300 Photoshop – Purchased! $400 Televisions for Academic Building (5 needed) $400 each Television for Girl’s Dormitory – Purchased! $500 Elliptical Machine for Girls Dormitory – Purchased! $500 Anatomical Models (4 needed) $200-$600 each Digital Camera for Publications Class – Purchased! $700 Rosetta Stone Sponsorship for ESL Class $2,800 12-Passenger Van for Student Activities $20,000 Halsey House Remodel and Upgrade $50,000
Other Giving Opportunities (partial list) Alumni Campus Store Tile Memorial Oak Tree Named Display Case for Ussery Archives Room Named Scholarship Fund Technology Upgrade for Library Faculty Professional Development Fund Fund to Increase Faculty Salaries
$500 $1,000 $5,000 $10,000 $15,000 $50,000 $100,000
Gifts in Kind*
Backhoe or backhoe attachment for tractor Used vehicles, vans, or minivans
*Potential gifts are evaluated by the school for condition and suitability prior to acceptance. For more information or to make a gift to Oak Hill Academy, please contact Tim Henry, Director of Development, at 276-579-2619 or firstname.lastname@example.org.
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