Our Foundation GoalsDownloadable Support of Excellence (PDF 1,760KB) pamphlet.
The purpose of our foundation is to generate significant financial support of projects which otherwise would not be possible within the budget of our district.
Recent cutbacks in government funding of education have created critical needs in the school district, and monies channeled through our Foundation will be used for capital equipment not otherwise possible.
Be A Part Of These Goals
Through your participation, our Foundation can ensure that Woodlake High School will provide its students not only their basic education, but a broader experience to prepare them for tomorrow.
Athletics, art, music, drama, manual arts; all lend themselves to building a well-rounded student. Without your help, these extracurricular activities might not be possible.
Your gift of cash to a qualified charity prior to December 31 could cost you much less at tax filing time. For example, if you make a $2,000 cash gift before December 31 and are in the 28% marginal tax bracket, your gift could save you $560 in taxes, or a $720 tax savings if you're in the 36% marginal tax bracket.
Charitable giving has always been encouraged by our federal and state tax laws. Charitable gifts during your lifetime provide you with significant income tax benefits, while removing the donated asset from your taxable estate. A gift of appreciated securities can provide an income tax deduction for the full fair market value of the asset, while avoiding the capital gains that would be due on a sale.
Planned giving generally refers to a gift that takes advantage of the current tax laws and provides the donor with additional benefits beyond current tax deductions, including avoidance of capital gains tax, leveraging a donors gift, or deferral of the gift until some future date. This type of planning includes a specific bequest or percentage gift in a Will or Trust, the purchase of life insurance or the use of a Charitable Remainder Trust.
The simplest planned giving is a specific bequest of a dollar amount in your Will or Trust. Alternatively, you can give a percentage of your assets or a remainder interest in your Will or Trust. The advantages of this type of gift is that the gift is that the gift is deferred until your death, it allows you to change the gift at any time, and provides a valuable estate tax deduction.
Life insurance purchased for a charity can provide a current tax deduction and a means of leveraging a gift when the life insurance proceeds are received by the charity. Charitable Trusts are utilized by donors to retain an income interest in the donated asset while providing the remainder interest be transferred to the charity at some future date.
If you have any questions on any of the above topics or would like to receive more information regarding the benefits of planned giving, please contact the Foundation office through phone at 559-564-8081, through email at email@example.com, or through mail at the following address:
Woodlake High School Foundation
P.O. Box 475
Woodlake, CA 93286