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Ways To Give
Kennedy Charter Public School is always grateful to each and every donor for financial contributions, in-kind gifts and of course for your concern for the education of children. The school is a non-profit 501 (c)(3) organization. As you may know, Kennedy Charter Public School does not receive the same funding as traditional public schools. Many services provided at the school are not covered through local, state or federal funding. Yet we feel these services are critical to our students' success. These extra services include a strong "Wellness Program," vocational education and training, psychological and educational testing and treatment, and the "FAST Program" which involves the family in a strong and structured way with each student's education. Also, no capital expenses are included in local, state or federal funding. |
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All buildings, desks, chairs, computers, athletic equipment, etc. are funded through the generosity of caring donors.
Please consider Kennedy Charter Public School in your philanthropic priorities. We are grateful for your support and your interest. Following is information about different ways to give:
Cash: A Popular Gift
Gifts to Kennedy Charter Public School are usually made in the form of cash and checks. Cash gifts are convenient for many people and are easily recorded through canceled checks and thank-you letters/receipts. Remember that it is important to save all receipts to assure maximum tax savings. When our country faces economic challenges other ways of giving are often beneficial. Following are a few ways to give in addition to gifts of cash and checks.
Giving Depreciated Property
If you have stock or other property that has decreased in value, you will normally save more in taxes by selling them and giving the proceeds. You may then be able to claim a capital loss on your tax return. You can also deduct the cash proceeds you give as a charitable gift. The result can be to enjoy tax deductions that amount to more than the current value of the asset.
Giving Appreciated Property
If you have non-cash property, such as stocks and mutual funds, that has grown in value (appreciated) and been held long-term (more than one year), you can generally enjoy greater tax savings from giving such property than from giving an equivalent amount of cash. That's because a gift of appreciated property lets you bypass capital gain tax that could be due if you sold the asset. You are also entitled to a charitable deduction based on the property's current value, including the "paper profits" you have earned since you have owned it.
Charitable Gift Annuity
This is a wonderful way to make meaningful gifts while enjoying income and tax benefits that can also help enhance your future financial well-being. Under the terms of a gift annuity, you make a charitable gift of cash or other property. You and/or others, if you desire, then receive generous fixed payments for life. The frequency and amount of payments are determined at the time the gift annuity is funded. The payments will never change and will continue regardless of how long you and/or other recipients live. |
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Because a portion of your gift annuity will be used for charitable purposes, you are entitled to an income tax deduction in the year of your gift. In addition, for a period of time, a portion of each payment may be free of income tax or taxed at capital gains tax rates that are lower than tax rates on other income. In light of current market conditions gift annuity rates are very appealing. You should not select a gift annuity only for a higher return, however, since the principal would be committed to Kennedy Charter Public School.
Please check with your advisors regarding which way(s) of giving are most appropriate for your situation. For futher information please contact Jane Grosse, VP for Institutional Advancement at jane.grosse@elonhomes.org.
Three Great, and Easy Ways to Support Kennedy Charter Public School
With your help, KCPS will receive cash or valuable educational materials through its participation in the following programs. Your support will be greatly appreciated.
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Clip Box Tops coupons from hundreds of General Mills products found throughout your local grocery store. Each Box Tops coupon is worth 10ยข to KCPS. These coupons have an expiration date which must be clipped along with the Box Tops symbol. Visit www.boxtops4education.com for more information. |
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The Campbell's Labels for Education catalogue offers hundreds of exciting educational items that can be redeemed with Campbell's Company Universal Product Codes. Campbell's accepts only UPCs (or lids from a limited number of products). The company no longer accepts front panel labels. The UPCs are easier to clip and cheaper to mail. Visit www.labelsforeducation.com for a list of eligible products and what to save from each. |
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If you shop at Harris-Teeter Stores, please give the cashier the KCPS account number (5386) to link your VIC card with the school. This sign up must be done for each school year and can be done at any time. When you purchase Harris Teeter private label items, the grocer contributes a percentage of your purchase dollars to KCPS. If KCPS has at least 100 shoppers linked to the school, the principal can nominate outstanding teachers for special recognition including $1000 to the winning teachers and $1000 to their schools. You can link on line: www.harristeeter.com, click on Community, Together in Education, Link to your school. |
| Send Box Tops, UPCs and lids to Elon Homes and Schools for Children, 1717 Sharon Road West, Charlotte, NC 28210. |
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