Your generosity has kicked off our Annual Giving campaign with a bang! An anonymous donor offered a $5,000 match toward gifts received by Giving Tuesday, and we surpassed that goal and then some. Just 3 weeks into the campaign, the Annual Giving total stands at $17,063, when including the match, on an overall goal of $50,000. So we have a way to go but, thanks to your help, we’re off to a great start.
If you are still planning on making a gift to TMA, here’s a reminder that the calendar year is quickly coming to a close. To be sure to receive a deduction for the 2019 tax year, please make your gift soon. And if you’d like another way to double your donation to TMA, please consider donating through our Scholarship Granting Organization, or SGO. If you or your business has an Indiana state tax liability, for every dollar you donate through the SGO, 50% of that donation comes right back to you as a state tax credit. As an example, if you will owe the state of Indiana $1000 on your 2019 tax return, and you donate $1000 to our SGO, $500 comes back to you as a tax credit. So $500 out of your pocket is a $1000 donation to TMA! And if you itemize on your Federal tax return, you can still use that donation as a deduction, possibly making your out of pocket donation even less. It works for your individual return and for your business, if you file in Indiana. Go here for more information and to make an SGO donation.
We work hard to control our expenses and because of that, we cover almost 90% of the costs of running our school through tuition. And we’ve done so while also containing our tuition costs and in some cases, lowering tuition over the past few years. But what that means is, the more we raise through our fundraising initiatives, the more we can pay our wonderful teachers and staff and enhance our programming and facilities, all while continuing to keep tuition rates where they are. Please help us continue to grow the programming that has had such a tremendous impact on so many students for 50 years, by giving what you can.