There are many ways to make a charitable contribution to Summit Charter School. Each gift option has potential tax benefits to the donor as the Summit Charter School Foundation is a 501(c)3 organization. The summaries below are intended to draw attention to the various gift forms. This information is not intended to provide specific financial or tax advice to any donor. Individuals should seek advice and counsel from their personal financial advisors.
If you have questions about making gifts of any kind to Summit Charter School, please call or write:
The majority of gifts received by Summit Charter School are in the form of cash contributions for which donors, depending on their individual financial circumstances, may receive tax benefits. The school may put gifts of cash to immediate use for programs, endowments and projects.
To make a monetary gift, you may contact the school directly or donate online in secure transactions via PayPal. You will receive a receipt of your transaction instantly.
Gifts of Securities are valued at the median price on the date of transfer to Summit Charter School. Capital gains on the amount of appreciation may be avoided, and depending on the donor's personal tax situation, he or she may receive a tax deduction for the full market value of the stock.
Maximize your gift by asking your employer to match your donation to Summit Charter School! More than 1,000 businesses and companies match donations made by their employees and retirees to independent secondary schools. The process is initiated by the donor who contacts his or her company's human resources department, or corporate foundation, for the required forms. The value of the matching gift is recognized in the donor's gift record.100% of your donation is tax-deductible as a charitable contribution.
Gifts-in-kind are tangible items such as works of art, equipment, books, furniture, antiques, real estate, and similar non-monetary contributions. A gift of tangible property may result in a tax deduction for the donor, with the amount of the deduction determined by whether or not the gift meets the "related use" test.
Many individuals can make a substantial gift to Summit Charter School through a bequest provision, a life income gift, or a trust. There are tax advantages associated with each type of gift and individuals should seek the advice of their own financial advisors before creating or revising an estate plan.
There are a number of retail outlets that offer opportunities to support a school of your choice simply by making the purchases you would make otherwise. Please see the list of participating retailers to the right and remember to SHOP FOR SUMMIT!