Support our work through a gift to the Oxford City Schools Education Foundation Endowment Fund held with the Community Foundation of Northeast Alabama. 

The charitable deduction for income tax purposes is one that can be taken by those who itemize their income tax returns. The Oxford City Schools Education Foundation is a 501©3 charitable organization.

Check with your accountant or tax advisor to see how you can benefit from current tax rules.

Cash: This is the simplest form of giving. Most of the gifts to the Oxford City Schools Education Foundation are made in the form of cash.

Matching Gifts: Many companies offer employees a matching gift benefit that doubles – and, in some cases, even triples your gift to the Oxford City Schools Education Foundation. Check with your company’s human resources department, and send in the proper forms when you make your gift.

Honor and Memorial Gifts: You can make a donation to the Oxford City Schools Education Foundation in memory or honor of someone.

The Community Foundation of Northeast Alabama is available to assist you with the following gifts to the Oxford City Schools Education Foundation Endowment Fund.  You may reach them by calling, 256-231-5160, ext. 29 or email: swilliamson@yourcommunityfirst.org

Bequest: A bequest is a provision in your will to provide a gift to the Oxford City Schools Education Foundation after your death.

Life Insurance: A gift of life insurance is an excellent way of making a substantial contribution. The simplest way to make a gift of life insurance is to name the Oxford City Schools Education Foundation as the beneficiary of the policy.

Securities: There is a significant tax advantage with a donation of stocks, bonds or mutual fund shares. If these securities have increased in value since they were purchased and you have owned them for the required length of time, you may claim a charitable income tax deduction for their full market value. At the same time, capital gains taxes on the appreciation, which would be due if the securities were sold, may be avoided.

Real Estate: Like securities, real estate can appreciate in value so that selling incurs substantial capital gains tax. Gifting to the Foundation of appreciated property can have a significant tax advantage. You may choose to give real estate outright and receive an immediate tax deduction, or retain the use of the property during your lifetime and make a planned gift.

Charitable Remainder Trust: Giving through a Charitable Remainder Trust enables you to receive income for the rest of your life. The remainder will benefit your community. After funds are transferred into the trust, the trust pays you or someone you designate regular income payments. At the death of the beneficiary or after a designated number of years, the remaining assets in the trust transfer to the Oxford City Schools Education Foundation.

Charitable Gift Annuity: A charitable gift annuity allows you to make a valuable gift that pays you a guaranteed income. Through the use of an annuity contract, you transfer assets to the Oxford City Schools Education Foundation and you will receive periodic fixed payment for the rest of your life. A Charitable Gift Annuity can reduce estate assets and may reduce estate taxes.