Why Invest in Gatewood Schools?

Our children are the future and our most precious assets.  Your giving and participation mean EVERYTHING by providing a better learning environment, smaller class size, higher quality education, more individual attention per student, better preparation for college, improved student safety, more responsive educators, Christian education, better student discipline, and a greater sense of community. 

Gatewood Schools is a 501(c)3 organization.  All gifts are tax-deductible for federal income tax purposes.  With that in mind, there are different opportunities for making a gift to Gatewood, including cash gifts, pledges, in-kind contributions, and GOAL participation.  

There are pillars of participation.  Many businesses ask whether we have 100% participation from Faculty (we do); for the Board (we do).  We are striving for 100% participation from every family enrolled this year. 

Please find out more below to decide how you would like to give to Gatewood.

Avenues for Supporting Gatewood Schools:

Annual Fund donations are tax-deductible.  Tuition payments are not.  Annual Fund donations are the lifeblood of the school.  Donations from parents, alumni, and friends allow the funding of programs and projects beyond what the basic budget can accommodate, and in fact, supplement the budget so that tuition can be kept as low as possible.  These contributions enable Gatewood Schools to recruit and retain talented faculty, provide scholarships for deserving students, enhance academic programs, and keep the facilities up to date.

Give to Our Annual Fund

Give to GOAL, a registered Student Scholarship Organization (SSO), that facilitates Georgia tax credits for donations that in turn provide tuition scholarships to children who desire to attend private K-12 schools.  There are limited tax credits available, so if you don’t specify Gatewood to receive these funds, other schools will get them instead.  Anyone can donate!  You don’t have to be a Gatewood parent.  You may allocate as little or as much as you want up to the following limits:  $5,000 for a married couple filing jointly, or $2,500 for a married couple filing separately, or $2,500 for an individual filing singly, and $25,000 for an individual owner of a pass-through entity’ (sole proprietor, LLC, and partnerships). For Corporations the tax credit is up to 75% of their annual Gatewood, keeping your money local.  A Tax Credit is more beneficial than a deduction.  A credit reduces your GA taxes dollar for dollar while a deduction recused the taxable income upon which taxes are calculated.  Your GA income tax is typically 6% of your Adjusted Gross Income.  (Line 16 of GA Income Tax Return, Form 500).  Last year, only 46 families contributed towards GOAL, but it helped 73 students (23 received GOAL only).  Imagine if EVERYONE contributed!  This could have a huge impact on keeping tuition costs low.

Learn More About GOAL

Gatewood currently has no specific scholarship set up.  Financial aid is provided through GOAL, the Annual Fund, and the FACTS program.

Gifts in honor of a deceased individual or loved one are an especially meaningful way to contribute to Gatewood Schools.  We will inform the family that a memorial or honorary gift has been made.  You may also set up a child or grandchild as a Tribute account.  These gifts are also tax-deductible.

End of year activities keep everyone busy, but please remember Gatewood and send in your year-end pledge payment or annual fund gift. Gatewood and your tax advisor will be grateful. If you would like to make your pledge payment or a gift to Gatewood with appreciated stock, just follow these simple steps:

Individuals who are 70.5 years old with an IRA must take an annual required minimum distribution.  That distribution can go directly to Gatewood Schools as a Qualified Charitable Contribution eliminating any federal tax owed by the taxpayer.

IMPORTANT! Contact Marie Rainey, Director of Development and Alumni Relations to notify Gatewood of your intention to make a gift of stock. 

1. In order to properly credit your gift, we must be aware of the transfer details.  Because DTC information does not include the owner of the assets, stocks sent without advance notification cannot be matched to the donor(s).

2. Supply your broker with our broker’s information.

3. Send a copy of your stock transfer authorization letter or details of the gift (stock name, number of shares, approximate date of transfer) to Marie Rainey at Gatewood Schools, or have the individual performing the transfer contact Marie directly.

Tel: 706-485-8231 x1200

Fax: 706-485-2455

In accordance with IRS guidelines, the date of the gift will be the date that Gatewood Schools assumes ownership of the shares.  For crediting purposes, the value is determined as the average of high and low listings for the stock on that date.

Gifts of Mutual Fund shares are welcome but significantly more complicated. Please allow 10 days to process.

Questions

If you have questions, please contact Marie Rainey, Director of Development at Gatewood Schools.

Mrs. Marie Rainey

Director of Development

Headshot of Gatewood employee, Mrs. Marie Rainey.
  • Other Roles:

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  • Phone: 706.485.8231 ext.: 1200
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