An Evergreen education transforms students' lives, during and long after their years with us.
Together, we work to create this unparalleled experience for our students and their families now and into the future.
Like nearly every other independent school, Evergreen cannot deliver this multifaceted education through tuition dollars alone. To help control tuition costs and keep our program as inclusive as possible, we ask for your financial support. By giving to Evergreen, you sustain and strengthen an ever-growing community of inquisitive, life-long learners who will grow up as dedicated citizens of our local and global communities.
Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income.
To qualify, you would have to give a donation to a qualified charity. All contributions made since January 1st counts toward the $300 cap. A donation to a donor-advised fund (DAF) does not qualify for this new deduction.
New Charitable Deduction Limits:
As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions. Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% reviously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%. The new deduction is for gifts that go to a public charity, such as The Evergreen School. The old deduction rules apply to gifts to private foundations. The new deduction is only for cash gifts that go to a public charity. If you give cash to, say, your private foundation, the old deduction rules apply. And while the organizations that manage DAF’s are public charities, you do not get the higher deduction for donating cash to your DAF. These new limits do not apply to gifts of appreciated stock.
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.