The Clay City Excellence in Education Foundation has set a goal to raise one million dollars over the next 5 years.
Revenue
Sources
The Foundation is funded through
various means.
1. Business and individual contributions
2. Designated gifts, wills, and trusts
3. Local and National Grants
4. In-kind contributions, such as donation of time, materials, and equipment
Are
contributions tax deductible?
Yes. Contributions to the
Clay City Excellence in Education Foundation can be treated as a charitable
deduction for federal income, gift, or estate tax purposes.*
How
are funds dispersed?
The Foundation’s board members will review proposals and then
determine how funds should be spent. Suggestions and recommendations
are welcomed from parents, students, teachers, and other members of
the community.
May
I designate how my contribution will be spent?
Yes. The Foundation accepts both restricted and unrestricted contributions
as well as endowment funds and donations for specific projects. However,
because of its tax-free status, it must reserve the right to accept
or reject any donations that might jeopardize this status.
How
can I provide in my will for a contribution to the Foundation?
With proper
legal counsel, your will may include the Foundation.
Can
all or part of my life insurance policy designate the Foundation as
a beneficiary?
Yes, contact your insurance carrier to make arrangements.
*The Foundation is organized under section 501 (c)(3) for IRS purposes.
