Donations made by individuals are a huge part of the funding income for the Foundation for Leon County Schools. With the support of individuals, we are able to provide additional resources to the students and teachers in Leon County Schools.
Planned Giving is the process of arranging a contribution that will be allocated at a future date. Most often granted once the donor has passed away, planned gifts are usually donated through a will or trust. Planned Giving most often takes one of four forms: bequests, charitable gift annuities, trusts, and pooled income funds.
If you would like additional information in regards to planned giving, please contact Eric Clark at (850) 487-7241.
Bequests – 90% of planned gifts take the form of bequests; legacy gifts left to a nonprofit after a donor has passed away, for which the donation process is relatively straightforward. A donor can make a charitable bequest via a trust, will, or estate plan.
Charitable Gift Annuities – A somewhat more complicated process, charitable gift annuities are contracts between a donor and a nonprofit in which the donor gives a large amount of money in exchange for the nonprofit’s promise to pay the donor a fixed annual income for life, or some other mutually agreed-upon period of time. During this time, the nonprofit is able to invest the money and grow income through it. Once the pay period ends, the nonprofit retains any remaining funds. Because charitable gift annuities involve a back-and-forth process that happens over time, they must be thought of as an ongoing event rather than a one-time occurrence.
Trusts – There are several types of trust, but each share the basic principle that recipients are given a certain amount of money from the trust annually until its completion. These fall into two main categories, Charitable Remainder Trusts and Charitable Lead Trusts. Charitable Remainder Trusts are irrevocable trusts that pays a specified annual amount to the recipient for life, or another fixed period of time. At the end of the term, the remaining trust assets are transferred to the charity. This type of trust can be structured as either an annuity trust which pays out a fixed amount to the recipient each year, or a unitrust, which pays out a fixed percentage of the trust value which is recalculated annually. Charitable Lead Trusts are similar to charitable remainder trusts, but annual payments are given to a nonprofit rather than the donor, and the principal reverts to the donor or their designated beneficiaries at the end of the trust term.
Pooled Income Funds – A pooled income fund is a trust that is established and maintained by a public charity, and operates similarly to a charitable remainder mutual fund. Individual donors contribute to the fund, which combines them for investment purposes. Each year, the fund’s net investment income is distributed among fund participants, proportionally to their investment. Such distributions occur throughout the donor’s lifetime, after which the portion of fund assets attributable to that donor is removed from the fund and transferred to the organization.
The Foundation for Leon County Schools is pleased to offer a secure donation portal for schools that have this need.
If you would like additional information in regards to donating to an individual school, please contact Eric Clark at (850) 487-7241.
Hartsfield Elementary School Family Resource Center is a dedicated space for parents, guardians, mentors, and community partners to connect, develop skills and knowledge, and be empowered to take action. The Center will serve multiple functions from providing materials and resources, to hosting a state of the art tech platform for meetings, seminars, mentoring, events and more all designed to serve our families and their evolving needs.
We are raising funds to support the furnishings, materials and supplies, and programming that will be delivered from the Family Resource Center throughout the year.
We appreciate your thoughtful consideration in helping us reach our goal of $25,000 and help us build a Center that engages, empowers, and educates our families and community!
Pineview Elementary School is raising funds to support Teacher Appreciation Week and Teacher Pre-Planning Week. Benefits include:
*Branding video that shares your unique story
*Company logo on beginning of the school year t-shirts, car pick-up tags, and school website
*Monthly gratitude shout outs on social media
*Invitation to providing services to staff and parents.
We appreciate your thoughtful consideration in helping us reach our goal!