Managing a capital campaign gift
St. John’s School is a charitable organization and will provide you with a tax receipt for the amount of your gift. In general, individuals receive a tax credit of 40% of the amount donated in excess of $200.
For example, a $50,000 donation will give an individual $20,000 of tax savings, resulting in an after tax cost of only $30,000.
Many families will structure their gifts over two or three years. The after tax cost of $30,000 over three years at $10,000/year can be given through installments. $10,000 given in quarterly installments throughout the year is the equivalent of $2,500 every three months.
Structuring your gift is flexible and up to you.