St. Ignatius Foundation
We are pleased to announce the creation of the St. Ignatius Foundation! The purpose of the St. Ignatius Foundation is to support the mission, objectives and advancement of St. Ignatius Catholic School. The Foundation will procure and invest financial gifts, grants and bequests that will be used to help support the mission of St. Ignatius School. Foundation monies will be used for student scholarships and tuition assistance, operational funding, and capital improvements. The sole beneficiary of the St. Ignatius Foundation is St. Ignatius Catholic School, and all contributions to the Foundation will benefit the school.
Please consider supporting the important mission of St. Ignatius Catholic School by contributing to the St. Ignatius Foundation with donations of cash, securities or real property or through endowed scholarships, gifting appreciated assets or other estate planning methods. There are so many ways that you can support our mission.
Please consider that the Idaho Education Tax Credit lets you support Idaho Catholic Schools with dollars you would otherwise pay on your Idaho Income Tax Return. Through 2020, the State will CREDIT 50% of the first $500 for an individual or $1000 for a married couple filing jointly. In addition, the normal charitable deduction permits you to deduct the amount of your contribution on your Federal Income Tax Return as well as on your State Income Tax Return. Depending on your tax bracket and liability, your contribution to St. Ignatius could cost you very little. For example, a $2000 contribution to the Foundation could cost you as little as $300 out of pocket after all tax benefits are applied (depending on your tax bracket and liability). (FIGURES ARE BASED ON A 35% TAX RATE. ITEMIZED TAX CREDIT RATES VARY ACCORDING TO THE TAX STATUS OF EACH INDIVIDUAL. PLEASE CONSULT YOUR TAX ADVISOR, OR CURRENT TAX TABLES, FOR THE TAX BENEFITS THAT APPLY TO YOUR CIRCUMSTANCES. For more information, please see IETC.
The Foundation also encourage those that are able to consider establishing an endowed scholarship. These scholarship funds will go to provide need based financial assistance to specific students at St. Ignatius. To review the scholarship agreement and requirements, please see SIScholars.
Even if you are unable to donate at this time, there are many other ways that you can support this important organization. For more information on how you can support the Foundation and the tax benefits of contributing, please contact Tom Sorge at email@example.com.