The John Paul Fund
The John Paul Fund is the cornerstone of giving to PJPII. All gifts to the fund comprises unrestricted giving having an enormous impact on PJP’s ability to support its standards of excellence in teaching, scholarship aid, program and activities, technology, student development and facilities improvements. Your annual gifts fuel the success of this school and touch every aspect of our students’ experience. Without a vibrant and sustainable John Paul Fund, tuition would have to be increased to support our school wide initiatives. All the reason why the annual fund is so important to our students' success which enables a quality Catholic education at an affordable cost for PJP families.
Many companies offer their employees, spouses, and retirees an opportunity to financially support a favorite charity and at the same time receive a matching contribution from their employer through their Matching Gift program. We encourage you to consult with your Human Resources Department to see if your company has a designated Matching Gift program, what program areas they will support, and what is the maximum amount they will match each year. Make sure to obtain the appropriate matching gift form and return it along with your gift to PJP. We will complete the necessary information on behalf of PJP and return it to your company for processing of their gift.
Educational Improvement Tax Credit Program
Businesses in Pennsylvania can receive up to a 90% tax credit by donating to the Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) programs. By directing tax dollars your business will already be paying, you can help provide a quality education for children who otherwise would not be able to afford it. The EITC tax credits allow businesses to make these donations for pennies on the dollar. PJP works with representatives from BLOCS to ensure that this process is streamlined for businesses. Companies paying the following taxes are eligible to apply:
Corporate Net Income Tax
Capital Stock and Franchise Tax
Bank and Trust Company Shares Tax
Title Insurance Companies Shares Tax
Insurance Premiums Tax
Mutual Thrift Institutions Tax
Personal Income Tax of S-Corporation Shareholders or partners in a limited or general partnership
Gifts in Kind
A gift in memory or in honor of someone you love or admire can be a particularly meaningful way to contribute to PJPII. To honor an Alumni, parent(s), grandparent(s), student(s), friend(s) or loved one can be made for special remembrances such as birthdays, anniversaries, weddings, new arrivals, graduation, holidays, new job, new home, religious observation, or special accomplishment.
These gifts can be made through the John Paul Fund, Planned Giving, Capital Gift and may be restricted or unrestricted to PJP.
Non-cash gifts of property such as computers, school bus, books, scientific equipment, art materials, sports equipment, etc. also make important gifts. The fair market value of such items is deductible for income tax purposes. A formal appraisal is reuired by the IRS for gifts in kind valued over $5,000.
Gifts of Securities
A gift of appreciated securities is one way to make a significant contribution at a reduced cost to you. Federal tax law allows a charitable deduction for the full market value of securities on the date of you gift.
Gift of Real Property
Real property can be given as an outright gift or by request.
There are a number of ways to make a gift of life insurance:
- Absolute Assignment: You may wish to transfer ownership of a policy that has outlived its original purpose
- Co-Beneficiary: You may name Pope John Paul II High School as a co-beneficiary of part of the proceeds of a new or existing policy.
Gift Annuity Agreements
Gift annuity agreements allow you to make a gift to Pope John Paul II and receive fixed annual payments for life. You are allowed a tax deduction for a portion of the amount transferred and for a period of years on part of the payments will be taxed as income. The size of the payments is based on the age(s) of the recipients at the time of the gift.
Charitable Remainder Annuity Trusts and Unitrusts
These enable you to make a significant gift to Pope John Paul II during your lifetime and continue to receive income for yourself and/or other beneficiaries. After the life interests have passed, the remaining principal will pass to Pope John Paul II High School. In addition to income tax deductions in the year the trust is instituted (with five-year carry over privileges), donors may avoid capital gains and significantly reduce estate and gift taxes