Smoke Rise Elementary Foundation

What is the Smoke Rise Elementary Foundation?

The Foundation at Smoke Rise Charter School  was incorporated in 2007 as a charitable organization to secure corporate and private financial contributions and grant opportunities in order to provide long-term educational enhancements and or extracurricular activities for both the School’s students and faculty.


  
About SREF:
  

In 2007, a group of parents and interested community members gathered to discuss the ways in which our community could become more involved in meeting  the needs of our elementary school and to support  the positive changes that are taking place within the school.  We discussed County and State budget cuts in education and their impact on Smoke Rise and the need for financial sources outside of that budget.  We also discussed campaigning options to increase community involvement opportunities through volunteerism and fundraising.  The group suggested forming a foundation to offer Smoke Rise parents and the local community ways to contribute toward enhancing curriculum and addressing needs of the school.  The outcome of those meetings was the formation of the Smoke Rise Elementary School Foundation, Inc., (SREF). 

Our purpose is to help each student achieve their personal best while helping SRE maintain Adequate Yearly Progress (AYP) and meet the No Child Left Behind requirements.  We plan to achieve this purpose through working together to set specific goals and then raising the funds to support those goals.  Sample goals might include hiring a part-time parent liasion, or replacing and repairing the playground.

SREF is a not-for-profit 501(c)(3) corporation. A board of directors and group of parent, teacher, and community volunteers will manage the business of the Foundation. The Foundation meets quarterly in the media center of Smoke Rise Charter.

 

Please contact Karen Weitzel at dishatlanta@gmail.com for more information

 

Charitable Planning

The vision of Smoke Rise Elementary Foundation (“SREF”) is "to continually improve the educational experience at Smoke Rise Charter School". Achieving this goal requires community support from individuals and families through charitable contributions to the Foundation. When planning a gift the personal and family financial objectives are as important as the philanthropic objectives. For this reason the Foundation is committed to ensuring funding for programs we support while providing our donors mutually beneficial giving opportunities.
Through a planned gift, individuals and families can leave a legacy of helping the students of this school and our community. In the process, donors may be able to simplify financial affairs, improve cash flow, diversify their assets portfolio depended upon for income during retirement, or achieve other objectives.

Memorial and Honoraria Gifts

Gifts in memory or in honor of a family member, friend or an educational professional, or in recognition of a special occasion express what words alone cannot and provide important support for the Foundation. It is our policy to notify the honoree or their family that a gift has been made. The amount of your tax deductible gift is not disclosed.

Charitable Gift Annuity

The charitable gift annuity is one of the simplest of life income gifts. In return for your contribution, and pursuant to a signed agreement, you receive a fixed amount each year for the rest of your life.

Charitable Remainder Trust

A charitable remainder trust is a unique arrangement that can enhance the retirement, investment, tax and estate planning of the donor while providing future support to the Foundation. In its most basic form, the charitable remainder trust is quite simple where the person creating the trust irrevocably transfers money, stock or other property to a trust that he or she has created. The trust arrangement directs the trustee to:
Invest the property given to the trust

  • Pay a specified annual income to the donor and/or another designated beneficiary for the life of the beneficiary or for a specified period of years
  • Distribute the property to PCMS Foundation at the death of the donor or other designated income beneficiary

Charitable Lead Trust

A charitable lead trust provides the Foundation with income from assets the donor transfers to the trust. On a future date the donor selects, the donor or someone that he or she designates would receive the trust assets. There are two types of charitable lead trusts

  • The charitable lead annuity trust and
  • The charitable lead unitrust.

The difference between the two has to do with determining income. The charitable lead annuity trust provides the Foundation with a set income each year, which is determined by the donor. However, the charitable lead unitrust offers the Foundation an income, which is variable.

Charitable Bequest

A thoughtful and well-planned will provide support to those most important in our lives. Along with supporting loved ones, a will may include a charitable bequest that provides for a charitable cause. Including a charitable bequest in your will provides you with a sense that the wealth you have worked to accumulate during your life will have a lasting and significant impact on the lives of others. A charitable bequest may have added financial benefits such as an estate tax charitable deduction or even an income tax deduction. Whether you are preparing your will for the first time or revising a will that is already in place, consider including a charitable bequest.

Ways  to Donate

  1. Cash: The charitable income tax deduction from a cash gift lowers the actual cost of the gift for the donor
  2. Stock: A charitable deduction for the fair market value, plus eliminate potential tax on capital gain
  3. Bonds: Recover forgotten bonds for a charitable gift
  4. Retirement Plan: Name the PCMS Foundation or one of the programs it supports as the charitable beneficiary of your retirement plan assets
  5. Mutual Fund Shares
  6. Life Insurance: Receive a charitable income tax deduction for a whole paid life policy
  7. Real Estate: Gift at death or during life with the right to remain in residence for the remainder of living years

You may contact your attorney, financial planner or personal trust officer for additional guidance and further explanation regarding your eligibility for federal and state income tax deduction when such gifts are made

Content copyright . Smoke Rise elementary Foundation, inc. All rights reserved.

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