All gifts are tax deductible to the extent allowable by law, and subject to current tax accounting limitations. In accordance with Internal Revenue Service regulations, if a donor receives benefits in return for a gift, the amount of the gift recorded and reported is reduced by the fair market value of all benefits given. Donors are encouraged to consult a qualified tax consultant for more detailed information. Tax ID # 23-7074515
The Foundation gratefully accepts a variety of contributions from individuals, corporations, and organizations. Each type of gift plays a vital role in supporting our students and advancing our mission. Below are the primary types of gifts we receive:
- Unrestricted Gifts: Allow the Foundation to use the funds wherever they are most needed, providing flexibility to address urgent priorities and opportunities as they arise.
- Endowment Funds: The principal is invested, and only a portion of the investment income is used each year to support the Foundation’s mission, ensuring long-term sustainability.
- Legacy Gifts or Planned Gifts: Gifts arranged during a donor’s lifetime but given in the future, often through wills, trusts, retirement plans, or life insurance, creating a lasting legacy.
- Sponsorships: Contributions made by individuals, businesses, or organizations in support of specific events or initiatives, often accompanied by recognition and visibility.
- Scholarships: Funds designated to support students directly by reducing their educational expenses. These may be donor-directed (restricted) or general (unrestricted).
- In-Kind Gifts: Non-monetary contributions of goods or services, such as equipment, supplies, or professional expertise, that directly benefit the Foundation or its students.
