Donations are accepted via cash, check, online, or via stock and ACH donations
FREQUENTLY ASKED QUESTIONS
Is my Academy gift tax deductible?
- Most Academy gifts are completely tax deductible. Always consult with a tax professional.
Do I have to pay all at once?
- Memberships may be paid in full via check, debit, or credit card at the time of joining or renewal. Members may also choose to pay their commitment monthly, over the course of one year, through automatic debit or credit card payments.
When does my membership renew?
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Your membership will end one year after becoming a Member of the Academy. A member of our team will contact you before your membership expires to discuss renewal options.
Can I move to a higher membership level?
- Yes! Members may move between levels by donating additional funds.
Is my gift secure?
- YES! All payments will be processed using a secure online giving form
Will I receive a gift acknowledgment?
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Once our Development team has received your gift or Membership, you can expect to receive a gift acknowledgement and details about your donation or Membership (if applicable) within ten business days. Additional documentation for tax purposes is available upon request; please let us know how we can assist you!
Stock gifts
Donating stock is one of the smartest ways to give, and it benefits you while supporting the Academy Center of the Arts. Here’s why: You can save on taxes – When you donate your appreciated assets, you avoid paying capital gains tax. If you itemize deductions, you can also take a charitable deduction for the entire donation amount.
Stock Donation Instructions
Instructions for making a stock donation are as follows:
Account Name: Academy Center of Arts, Inc.
Account Number: WA7-020968
DTC Number: 0226
DTC Firm: National Financial Services
Truist Wealth
810 Main Street
Lynchburg, VA 24504
(434) 846-2711
Broker Contacts: Mike Madden, Jess Cuillo, Carrie Williams
For more information, contact our Director of Development at (434) 528-3256 x118.
EIN: 23-7061145
Learn more about Endowment & Legacy Giving.
ACH Instructions
Academy Center of the Arts:
Bank of the James
828 Main Street
Lynchburg, VA 24504
Routing number: 051409016
Account number: 4010000001348
