The cornerstone of giving to Farragut

By making a gift each year, alumni, parents, grandparents, and friends help keep Farragut at the forefront of independent education. The Farragut Fund represents Farragut’s commitment to providing the resources needed for an outstanding educational experience –what we like to call, The Farragut Experience!

THANK YOU to everyone who makes a gift to Admiral Farragut Academy, which provides support for every student, every teacher, and every program on campus, and for that, we are grateful. Every gift – whether small or large – helps Farragut to fulfill its mission.

The Foundation was created in 1997 and has acted as the school’s separate 501(c)(3) endowment since. These funds are a permanent investment in the future of Farragut as a commitment to furthering the mission for future generations while providing immediate support through the Foundation’s annual distribution.

100% of alumni gifts are directed to The Foundation (unless otherwise specified by the donor).

Often a donors can make in-kind gifts to Farragut of goods, services or equipment. Contact the Alumni and Development Office to confirm the nature of your gift and its intended use. Farragut will provide confirmation of receipt of such gifts. It is the responsibility of the donor to indicate the value of such contributions.

Matching Gifts, also known as a matching fund or matching donation is a charitable gift made toward a non-profit organization by a matching donor (e.g., an employer) under the provision that an original donor (e.g., an employee) first makes a gift toward that organization.

Guidelines for such gifts vary from company to company. Specific questions regarding matching gifts should be directed to the donor’s employer Human Resource office.

Gifts of Securities provide a significant savings for the donor by avoiding capital gains taxes, while offering a good degree of tax deductibility. If you are interested in making a gift of appreciated stocks or bonds or gifting real property (real estate, a boat, a car or other tangible assets) please contact the Development Office for further directions for this type of transaction.

Did you know there are creative ways to support Admiral Farragut Academy? Ways in which Farragut, you and your loved ones all benefit at the same time? Such giving techniques are called “planned giving” because with thoughtful planning, you create win-win solutions for you and Farragut. For example:

• You can make a gift that costs nothing during your lifetime.
• You can give stock and realize larger tax savings.
• You can donate your house, continue to live there, and get a tax break all at the same time.

Where to Begin?

• Identify Your Goals
• Discover Gifts Anyone Can Afford
• Explore Gifts That Protect Assets

Click here to visit our Planned Giving Landing Page.

The Heritage Society is a society of donors who have bequeathed estate gifts to Admiral Farragut Academy. Heritage Society membership indicates that Admiral Farragut Academy and/or the Foundation is included in the estate giving plans of a donor. Some members will give through a simple will bequest, transfer the ownership of life insurance, or elect to use one of the many options available through various trust arrangements.

The method of giving is not as important as the decision to give. Our ability to continue to affect and impact each future generation is dependent upon the direct involvement of those who understand and value the Farragut Experience.