ANNUAL FUND DRIVE
The annual fund drive is one of the most important avenues of giving for a school. Annual gifts received from friends, parents, grandparents, faculty, alumni and corporations are the lifeblood of any school and are vital to meeting current needs and enhancing student programs and faculty recruitment.
Donors can double their donations by taking advantage of their employers’ matching gifts program. Fayette Academy is grateful to these companies for their generosity. Check with your employer to see if your company has a matching gifts program.
GIFTS IN KIND
Gifts in kind are donations given to the school in forms other than monetary donations.
Your including Fayette Academy in your will is an effective way to make a gift, which may not be possible during one’s lifetime. A bequest is the simplest and most common form of a planned gift. In addition, gift and estate taxes are reduced or avoided.
APPRECIATED REAL ESTATE
If you have a piece of appreciated real estate you want to sell and are aware of the capital gains tax, donate the property to Fayette Academy to avoid capital gains tax. You receive the benefit of a major charitable deduction for the full-appraised value of the property. The school can sell the property and use the funds for necessary improvements or endowment.
LIFE INSURANCE POLICIES
A life insurance policy is a good way to make a gift to Fayette Academy at a future date. Premium payments are fully tax deductible.
In order to deduct the premium, the school must be designated as both owner and beneficiary of the policy.
The income generated by a donor’s gift provides the dollars to begin a donor-advised scholarship fund. By creating a donor-advised scholarship fund, the donors make a gift today and then recommend the scholarships to be awarded from that fund over time.
Endowment gifts are added to the school’s investment portfolio resulting in income to fund special programs. These gifts can be made in the form of a pledge to be fulfilled over a number of years or as a single annual gift. Endowment gifts allow Fayette Academy to keep the students we have, attract new students, retain and recruit excellent faculty, and keep tuition increases to a minimum.