The Cushing Fund 2024-2025
Every gift to The Cushing Fund supports today’s students and school community.
How do I make a gift via wire transfer?
To make a gift to Cushing Academy via wire transfer, please use the following bank transfer instructions and reference your name(s) and “Advancement Gift” on the wire transfer:
JPMorgan Chase Bank, N.A.
270 Park Ave
New York, NY 10017
Swift #: CHASUS33
Account #: 395291609
Routing ABA #: 021000021
Account Name: Cushing Academy
39 School Street, Ashburnham, MA 01430
How do I make a transfer of stocks?
If the securities are Depository Trust Company (DTC) eligible, they may be transferred electronically to Cushing, through Cetera Investment Services. Securities should be routed as follows: DTC# 0701, for the account of Cushing Academy, account number 8CM03191. Please have a notation made on the transaction referencing the name of the donor(s) so we can match the proceeds properly. Cushing’s tax ID# is 042-104-048.
Donors cannot be credited for unclaimed stock gifts, so please be sure to request the submission of your name(s) with your stock transfer(s) or notify the Advancement Office at (978) 827-7400 or [email protected]. Stock not publicly traded may also be donated, although both the donor and the Academy must exercise greater care in making the gift.
There are several benefits to making a gift of appreciated stocks, whether publicly traded or privately held.
However, these gifts can be complex. Before making a gift of appreciated assets, please give us and your financial advisor a call.
Cushing Academy will not hold stocks. Stocks will be sold the same day they are received or as soon as reasonably possible.
How do I make a gift via crypto currency?
Donating cryptocurrency is potentially a non-taxable event, meaning you may not owe capital gains tax on the appreciated amount and can therefore likely deduct it on your taxes (please consult your tax/financial professional). This makes Bitcoin and other cryptocurrency donations one of the most tax-efficient ways to support Cushing Academy.
We accept the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI),and Amp (AMP).
Gifts of cryptocurrency can be made through your donor-advised fund (DAF) or other means directly. However, Cushing Academy has partnered with the Giving Block for convenience.
Cushing Academy will not hold cryptocurrency. Cryptocurrency will be sold and converted to USD the same day it is received or as soon as reasonably possible.
To learn more about how donating crypto can lower your taxes, visit www.thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.