The Fund for Marianapolis
The Fund for Marianapolis is the school’s annual fund. Many schools have endowments and annual funds and Marianapolis is no different. When the revenue created by tuition is exhausted, the school draws upon the Fund for Marianapolis in part to:
- Enhance the breadth and depth of the curriculum
- Attract and retain the best faculty and students
- Maintain a safe and beautiful campus
- Make a Marianapolis education more accessible through financial aid grants
The Fund for Marianapolis runs on the school’s fiscal year calendar starting on July 1 and ending on June 30 each year. Please consider making a gift today.
When most people think about charitable giving, they feel pressured to give a large dollar amount all at once. They hesitate to give or they do not give at all because they do not feel they have the money to spare at that time. Most do not ask if there is a way that charitable giving can work for their budget. Monthly giving would allow Marianapolis to either withdraw a small amount from your bank account or make a charge to a credit card monthly, similar to a payroll deduction that would be taken once a month from your paycheck. This would allow a small amount donated over a larger amount of time to grow. The chart below shows how various amounts can be broken down into a monthly gift. If you would like to renew that gift and increase it by a token percentage, it also shows what that increase would look like per month. All of that adds up to a wonderful annual gift to Marianapolis.
- Credit Card, Electronic Check, Google Pay & More!
- Wire Transfer
- IRA Rollover
- Marianapolis Planned Giving Society
- Matching Gifts
In order to donate retirement plan assets during your lifetime you would need to take a distribution from the retirement account, include the distribution in your income for that year, account for any taxes associated with the distribution, and then contribute cash to Marianapolis—with one exception. Under The Protecting Americans from Tax Hikes Act of 2015, Americans over the age of 70½ can distribute up to $100,000 in a calendar year from an IRA to Marianapolis or other charities, tax-free. This distribution to a charity can be a significant benefit for IRA owners who are required each year to take minimum required distributions, which are included in their gross income for income tax purposes. These funds can be unrestricted donations or be used to pay off multi-year pledges, create an endowed scholarship or other permanent fund.
The IRA owner directs the IRA plan administrator to distribute any amount up to $100,000 to charity, the distribution can fulfill the owner's minimum required distribution, but is not included in his or her income for income tax purposes. Although the IRA owner is not entitled to a charitable deduction for the distribution, the distribution benefits charity.
Many employers will match charitable contributions made by their employees. By taking advantage of a company’s matching gift benefit, you may be able to double or even triple the amount of your contribution.
If you are affiliated with a company that will match gifts, please send the matching gift form (obtained from your company’s human resources department) along with your donation to Marianapolis Preparatory School.