GIVE TO CP

Central Private School's culture of generosity and gratitude is an extension of our commitment to excellence. Your charitable gifts provide every student with the best education and experience possible. Charitable gifts are necessary to help sustain and expand the mission. It takes a combination of tuition and charitable donations to provide the distinctive qualities a private school education offers.

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Nest Campaign

The Nest Campaign needs “Your Investment” to continue the mission and vision of our CP Story that our founders and many others sacrificed for “Our Future.” The construction scope of the campaign spans several years; therefore, we encourage donors to consider pledging their support over three to five years. One-time donations are appreciated, but many donors realize they can make a more meaningful impact on the project by pledging their support and offering sustained support over several years. 

Please get in touch with Clinton Healey, Director of Advancement, for more information on how your family or business can contribute to the Nest Campaign. If you are interested in participating in the Nest Campaign, complete a   Nest Committee Member application.  

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HOW TO GIVE

CHARITABLE DONATIONS WITH TAX SAVINGS

Did you know? 

By donating to Central Private you can not only save on your taxes, but you can also make a huge impact at Central Private. As a tax-exempt organization outlined in Section 501(c)(3) of the Internal Revenue Code (EIN 72-0643386), every donation to Central Private is essential to our continued success, and all gifts are 100% tax deductible. Make your tax-deductible gift to Central Private by December 31st to receive your benefits for the 2023 tax year. Click here to download an in-kind donation form.

MAKE AN IN-KIND DONATION
In-kind donations are non-monetary donations made to nonprofit organizations. These nontraditional donations include the transfer of any asset, usually goods or services, and can be contributed by individuals or other organizations and companies. Goods: The donation of computers, software, furniture, office equipment, special event auction items are examples of goods that may be contributed to a nonprofit in-kind. Professional services: Services that can be given in kind to nonprofits that would otherwise need to pay for that same service. For instance, accounting services, lawyer services, graphic design, or web development can all be given in-kind by a generous professional.  The IRS considers in-kind donations to be a contribution, and the value of the donation is generally considered as its market value. The IRS allows you to deduct the fair market value of property donated. Only donations to registered 501(c)(3) nonprofits are eligible for a deduction. Timing: Complete the contribution by Dec. 31.

MAKE A TRIBUTE GIFT
Any year-end gift can be made in a loved one’s name. This can be a heartfelt way to celebrate someone important in your life or to remember someone. Timing: Complete the contribution by Dec. 31. 

OPEN A DONOR-ADVISED FUND ACCOUNT.
Contribute to a donor-advised fund and enjoy tax savings on that amount when you itemize. Timing: Complete the contribution by Dec. 31. You do not have to designate the funds this calendar year to receive the tax benefits.

MAKE A QUALIFIED CHARITABLE DISTRIBUTION OF IRA ASSETS.
If you are 70½ or older, you can give any amount up to $100,000 per year from your IRA directly to Central Private. You will not pay income taxes on the transfer. If you are required to take minimum distributions, you can use this transfer to satisfy all or part of your obligation. Timing: We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.

HELP OFFSET THE TAX LIABILITY ON A RETIREMENT ACCOUNT WITHDRAWAL.
If you are 59½ or older, you can take a distribution from your retirement plan account and then make a gift to Central Private without an early withdrawal penalty. If you itemize your deductions, you can take a charitable deduction for the amount. Timing: If your gift is given as a check, it must be postmarked on or before Dec. 31 for your donation to qualify this year.

CONTRIBUTE APPRECIATED STOCK INSTEAD OF CASH.
If you have owned a stock for more than one year and it has grown in value, you may be in line for two tax benefits: avoid taxes on the appreciated value and qualify for an income tax charitable deduction based on today’s market value when you itemize. You receive the same tax saving as if you wrote a check, but with the added benefit of eliminating capital gains taxes. Timing: Complete all transfers by Dec. 31. This includes by mail, electronic transfer, or hand-delivery of the assets.

SELL DEPRECIATED ASSETS AND DONATE THE CASH.
If you would like to support Central Private, but your stocks have fallen in value, it is best to sell them first and then donate the cash. This allows you to record the loss as a tax deduction and qualify for an income tax deduction for the gift. Timing: Complete all transfers and cash donations by Dec. 31.

We are happy to help ensure that you realize the greatest benefit for your hard-earned assets. Please contact Clinton Healey, Director of Advancement, by email or call (225) 261-3341.