Genesis City Fundraising Opportunities
Arizona School Tax Credit
Genesis Academy serves students at the highest risk of dropping out of school. Our students are in critical need of life-changing extracurricular programs such as the Los Literati Book Club, Genesis Aztecs Basketball Program, Fine Arts Program, and the Student Civic Engagement Program. By participating in the Arizona Public School Tax Credit Program you can direct your tax dollars to support these vital programs.
Remember, you can decide how your Arizona state income tax dollars are spent! Make up to a $200 contribution to Genesis if single, up to $400 donation if married filing jointly, and you will receive a dollar-per-dollar tax CREDIT, reducing your taxes due by the amount given – up to $400!
NEW TAX CREDIT DONATION INFORMATION:
Starting in 2016 there has been a change to the tax credit deadline. Here is the new information:
Question: Must the credit for contributions made or fees paid to a public school be claimed in the year of donation?
No, beginning in 2016, credit eligible fees paid and contributions made to a public school from January 1 through April 15 of a calendar year may be used as a tax credit on the prior year’s tax return. For example, qualifying contributions made to a public school January 1, 2016 to April 15, 2016 may be used as a tax credit on either your 2015 or 2016 Arizona income tax return.
As a single person, you can donate up to $200. If married and filing jointly, you can donate up to $400. When you file your Arizona state income taxes, you will receive a dollar-for-dollar tax credit.* Please note: This tax credit is separate from the Tuition Tax Credit and the Qualifying Charitable Organization Tax Credit programs, and you may participate in more than one.
*Tax circumstances vary greatly. Please consult your tax advisor for specific questions related to your tax situation. View our tax credit brochure!
Spirit of Hope Campaign
The downturn in the economy has made times especially tough for the high-risk students we serve. We are currently seeing more homeless kids, poverty stricken families, and out of work parents than at any other time in our twenty-five year history. Our students are coming to school without notebooks, poorly clothed, and often hungry. Many cannot even afford the bus fare to get to school.
Our Spirit of Hope campaign is devoted to meeting these needs so that our students can come to school and be prepared to learn. With your support, Genesis can provide the school supplies, bus fare, breakfast and positive support that make the difference in helping high-poverty, at-risk youth succeed in school.
Do You Have a Will?
Most of us know we should have a will, and yet Consumer Reports estimates that 60% of us don’t. In light of the expected $41 trillion intergenerational transfer of wealth over the next 50 years, our procrastination over wills is frightening. Without a will, the state will decide where our legacy goes, and even who will raise our minor children. Without a will, the state will choose an executor/administrator for your estate. Without a will, the administrative costs and taxes to your estate could far exceed those of an executor that you choose through your will. In simple terms, if you don’t write a will, the state will write one for you.
Although there are numerous computer software programs designed to help you create a legal will, the best advice is to see an attorney. A simple will is not terribly expensive and provides peace of mind. And of course a legacy gift to charity can easily be put in the terms of your will or added to an existing will. Take the time to write or review your will. You’ll be glad you did.