Private schools benefit students by fostering academic excellence and high achievement while educating students in a value based setting and preparing youngsters for a lifetime of success. The additional support that our school receives from its donors lends itself to our high record of academic excellence.
According to the June 2002 report titled, Private Schools: A Brief Portrait, by the U.S. Department of Education, reported some of the findings regarding the academic performance of private schools:
- Private school students generally perform higher than their public school counterparts on standardized tests.
- Private school students are more likely than their public school peers to have completed advanced level courses in three academic subject areas.
- Private school students are more likely than public school students to complete a bachelor’s or advanced degree by their mid 20’s.
- Students who had attended private school in 8th grade were twice as likely as those who had attended public school to have completed a bachelor’s or higher degree by their early 20’s (52 percent versus 26 percent).
Peachtree Academy Private School, Inc. has been deemed an approved 501 (c) (3) public charity by the Internal Revenue Service. Financial contributions to our foundation are tax deductible under section 170 of the tax code. We are also qualified to receive tax deductible bequests, devises, transfers, or gifts under section 2055, 2106 or 2522 of the code.
Cash, Check or Credit Card via Pay Pal
Cash gifts are the simplest and most common form of giving to the school. Cash gifts are tax deductible up to 50% of your adjusted gross income in the year of your gift. If the gift exceeds 50% then the remainder may be carried over and used as a deduction up to five years.
Company Matching Gifts
A number of companies have matching gift programs in which the company matches gifts made by their employees. Companies are as follows:
AOL Time Warner
Anheuser-Busch Company Inc.
Bank of America
Caldwell and Cowan Funeral Home
Compaq Computer Corp.
Development Consultants Group
First Data Corporation
First Union Educational
Ginn Motor Co.
Hewlett Packard Company
John Deere Co.
Magnolia Management Group, LLC
Marsh & McLennan Companies, Inc
Merrill Lynch & Co.
Northwestern Mutual Life
Once For All Trust
Phillips Petroleum Company
Spear, Leeds & Kellogg
The Stanley Works
Travelers Casualty and Surety Company
Giving securities may be the most advantageous way to give. You may receive very favorable tax consequences by giving stock that has appreciated.
- Because it is the only way for our school to exist and provide superior programs since the school does not receive government or church funding. Our present existence of quality education as we know it today and our future existence will depend largely upon the donations of our supporters.
- Because of the sacrificial giving of people in the past which laid the foundation for today’s excellence, organizing the school, purchasing land, constructing buildings and supporting operations. It is our turn now to step up to the plate.
- Because of the future of children who will be encouraged to grow as Jesus did, in wisdom and stature and in favor with God and man.
- Because of the impact that Peachtree Academy Private School students will provide to the world for generations to come.
- Because the Bible says, it is more blessed to give than to receive.
Many friends of Peachtree Academy find the school a good place to make donations to honor loved ones on special occasions in their lives and/or to honor the memory of loved ones who have passed away. Funds can be given for the general fund, for special projects, for specific programs or for endowment. We would love to be able to offer special memorial scholarships in the future to students who have demonstrated the potential to excel academically, but are less fortunate in that they could not afford a quality education in our private school.
Peachtree Academy Private School exists and will prosper by means of the generous gifts of families and friends who believe in our purpose and desire the successful operation of the school. Peachtree Academy, in a warm and caring Christian environment, provides education that prepares students to succeed in a very competitive world. The past has been glorious. The present is wonderful. But there is no limit to what we can accomplish in the future through your participation and support of planned giving.
A key factor in determining how successful the future for Peachtree Academy will be is simply a matter of finances. The school must have the funds to hire the most highly qualified teachers, to provide the latest technology in our equipment, to construct necessary buildings as we grow and to maintain the existing facilities and equipment. If these costs were to be required from tuition payments only, most families would not be able to afford a Peachtree Academy education.
An excellent solution to this problem is our planned giving program. By including our school in your long-range financial plans, you may be able to accomplish your personal financial goals, save on taxes and make a major difference in the future of Christian education at Peachtree Academy Private School. In addition to these advantages, by including Peachtree Academy in your long-range financial planning, you will be qualified for membership in the Gift Fellowship.
Some of the vehicles which may be used to provide funds for the future are as follows.
A bequest is the tool most used by those who want to remember our school at the time of their passing. A bequest is simply the process of remembering Peachtree Academy in your Will. There are several possible ways to bequeath to the school:
- A fixed sum of money or property
- A percentage of the total value of the estate
- The remainder of your estate after all other bequests have been made
- A secondary or contingent bequest should a loved one precede you in death
A donor may include Peachtree Academy in his/her Will when it is first written or the Will may be amended by adding a simple codicil to the Will that expresses the donor’s desire to include our school in the distribution of their estate.
By including Peachtree Academy in your Will, you may avoid giving a large portion of your hard-earned estate to the government through estate taxes. A gift to Peachtree Academy is tax-free.
A very popular tool being used to reduce taxes, increase monthly income and help your favorite charity is the Charitable Remainder Trust. Often friends who have low income producing property and/or stocks find that they can claim a sizeable tax break and also increase their income by several percentage points by setting up a Charitable Remainder Trust. Income from these trusts can be for the donor and designated others. At the passing of the recipient, the remainder goes to the school.
The Charitable Lead Trust allows the donor to provide income to Peachtree Academy for a period of years. Property is placed in the trust for a specified number of years. When the period of years is ended the property reverts back to the donor or to his/her beneficiaries. This is a vehicle that allows the donor to pass property on to beneficiaries at significant gift or estate tax savings.
A Charitable Gift Annuity is a contract between the donor and the school. Under this agreement, Peachtree Academy agrees to pay one or two named recipients a fixed amount or a fixed percentage for the life of the recipients. The payments are guaranteed by the general resources of Peachtree Academy Private School. A sizeable tax break is realized when the annuity is set up. Some of the regular income from the annuity is tax deductible. Peachtree Academy uses the rates recommended by the American Council on Gift Annuities. By deferring the date of beginning the income the percentage of income is increased.
Some people who are planning to leave sizeable donations to the school at their passing find it desirable to give their personal residence to the school retaining the right to live in the home for the remainder of their life. Rental property can be given with the donor retaining the rental income. Sizeable tax advantages are available to the donor of a life estate.
Those who want to make a large donation, but are not in position to do so, may choose to purchase an insurance policy on their life and make the school the owner. Those who have paid up insurance policies may choose to donate them to Peachtree Academy. Considerable tax advantage is available to those who donate such policies. Peachtree Academy has a committee of qualified legal advisors who can answer your questions. They are pledged to secrecy about any information you may give them. For information on any planned giving questions, please call Janice Van Ness at 770-860-8900 extension 15.
Publicly Traded Securities
- Readily marketable securities such as those traded on a stock exchange are accepted by Peachtree Academy Private School
- Gift securities are sold immediately unless there is good reason for holding them for a brief time.
- The value of the securities is the average of the high and low of the stock on the date of the gift.
Closely Held Securities
Non-publicly-traded securities may be accepted after consultation with the school business officer and/or the school’s counsel. The fair market value is to be determined by a qualified appraiser.
No commitment for repurchase or sale of closely held securities shall be made prior to completion of the gift of the securities.
Title to each property donated shall be held in the name of Peachtree Academy Private School. At the time of acceptance by the school the donor may designate the intended use and purpose of the gift. Unrestricted gifts are to be used at the discretion of the Board.
Gifts and requests of real property will be accepted if the benefits exceed the risks, expenses and efforts required to hold, maintain, manage or dispose of the property.
Survey and title policy are to be provided at the time of acquisition.
A recent appraisal and IRS Form 8283 shall be submitted to the school business office if the donor intends to use the donation for tax purposes.
Real property must pass an environmental audit before it can be accepted. If a level one inspection causes the school to be suspicious about the condition of the property, a level two inspection by a qualified inspector must be carried out before the property can be accepted.
Those authorized to accept real property:
Property valued up to $100,000 may be accepted by the president or director of development.
Property valued from $100,000 to $1,000,000 may be accepted by the Wills and Estates Committee.
Bricks and Bleachers Capital Campaign
Now everyone can leave a lasting legacy at the brand new Covington Campus! Here’s your chance to be a part of the excitement by purchasing a commemorative brick for the Panther Plaza. These impressive bricks will mark the path to the new gymnasium with distinction. Panther Plaza will be filled with messages of congratulations and celebration from students, parents, and loyal supporters.
4″x 8″ Brick: $35 donation
8″ x 8″ Brick: $70 donation
All text will be a standard size, font and style, using uppercase letters. Messages will be automatically centered. Greek letters and other symbols are available.
Your contribution for the brick will support installation and development of the area.
Support the construction of our state of the art gymnasium The Panther’s Den through sponsorship of our bleachers. Each donation will be recorded for all time by a plate titled with your name on it. Imagine the excitement of seeing your name and message in the Panther’s Den celebrating your support of Peachtree for years to come! Our goal is $45,000!
Purchase a plate that will show your support for the Peachtree Panthers at all sporting events, chapel, family activities, and hosted community events
Honor your loved one, friend or favorite teacher with a donation to honor them forever in the halls of your child’s alma mater.
To download order forms, please click on the links below:
For more information, please contact our Finance Office us at 770-860-8900 Ext. 1030