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Annual Giving

Annual Giving 2013-2014

Critical to the success of the school, the annual fund makes up the difference between per-pupil funding and what it actually costs to run the school.

Annual Fund dollars provide operating expenses, financial aid, facilities upkeep, professional development and teacher salaries, student activities, and more.

Ways to Give

A Gift of Cash:

A gift of cash is the simplest method of contributing to the School. We also accept checks and Visa/MC/AMEX. If you wish your gift to count in a given year, it must be postmarked by December 31. For those tax filers who itemize, outright gifts of cash are fully deductible for federal income tax purposes up to fifty percent of your adjusted gross income. If, by some chance, your giving to charities during the year should exceed this limitation, the excess donated may be carried forward and deducted for tax purposes for up to five additional years.

A Gift of Stock:

A gift of long-term appreciated securities is very beneficial for the School and especially you, the donor. A gift of this type offers you at least two tax savings. First, you are not required to pay any capital gains taxes. Second, you receive a tax deduction for the full fair market value of the stock on the date of your gift. For income tax purposes, you may deduct up to thirty percent of your adjusted gross income and take an additional five years to take these deductions should you exceed the adjusted gross income allowance.

Matching Gifts:

Many corporations offer to match gifts donated by their employees to non-profit organizations. Simply contact your Human Resources department to inquire about a matching gift program.

Workplace Giving

United Way:  44170

Maryland Charity Campaign: 4928

Combined Charities Campaign: 4928

Planned Gifts:

Planned giving offers many advantages for you financially, and otherwise.

A planned gift can:

  • Pay life-long income, or income for a period of years
  • Reduce or eliminate capital gains on contributions of appreciated assets
  • Generate substantial federal income tax deductions
  • Eliminate or reduce federal estate taxes
  • Produce higher current income than low yielding stocks, bonds, or real estate
  • Provide returns based upon the full fair market value of appreciated assets without reduction by capital gains taxes
  • Complement retirement and financial planning
  • Establish a generous charitable contribution
  • Be utilized in family business planning

To further identify if this giving vehicle is right for you talk to your financial adviser.

KIPP Baltimore will also accept other gifts such as life insurance and gifts-in-kind. If you are interested in donating gifts of this nature, please contact Development Director, Mark Procopio, at mprocopio@kippbaltimore.org for more information.