Supporting Sage School

Sage School is a tax-exempt, non-profit organization that depends upon the generosity of donors to support its annual operating expenses, special programs, and capital expansion. we are in the process of applying for our 501c3. Donations to the Sage School are tax deductible due to our relationship with the Community Foundation for Northeast Georgia. All monies should be earmarked or designated to Sage School. We want your donations to be used exactly as you intend so they directly impact the areas that you want to reach. Since we are recognized by the Internal Revenue Service as a public charity, donors are provided with the maximum tax benefits allowed by law. Once your fund is established you may add to it at any time and in any dollar amount. Therefore, we have created several ways for you to realize your charitable goals Outright Gifts allow cash or property to be transferred to the CFNEG and are eligible for tax deductions. Gifts of appreciated property avoid any capital gains tax. Outright gifts can include cash, publicly or closely traded securities, tangible personal property, real estate, insurance and retirement assets. Gifts by Will are a simple, effective way to ensure that you are always working towards building a greater community. This type of gift can be stated outright in your will or you can incorporate a clause that states whatever remains of your estate goes to a specific charity or fund. Some gifts by will are provided on a contingent basis: that means the funds are transferred when an heir or the charity meets certain requirements as explained in the will. Gifts of Retirement Plan Assets (IRA’s, 401K’s, 403B’s) allow the undistributed assets in qualified retirement plans to be designated to charity. By transferring these assets to CFNEG, heirs are relieved of income tax. Remainder Trust Gifts are gifts that give back. You can establish an irrevocable cash or property gift, but you or selected beneficiaries will continue to receive the annual income from the trust. When you die or terminate the trust, the remainder of the assets will pass to CFNEG. Remainder Trust Gifts allow you an income tax deduction equal to the amount of interest left in the trust after all expenses are paid. Remainder Trust Gifts are gifts that give back. You can establish an irrevocable cash or property gift, but you or selected beneficiaries will continue to receive the annual income from the trust. When you die or terminate the trust, the remainder of the assets will pass to CFNEG. Remainder Trust Gifts allow you an income tax deduction equal to the amount of interest left in the trust after all expenses are paid. Charitable Lead Trusts could be called “gifts you get back.” You can give the income from the assets in the trust for a designated period of years and still retain the principal for yourself, your heirs or a third party. When the trust is terminated, the principle is yours. Many donors use Charitable Lead Trusts as a “tax-smart” method of passing assets to their heirs. Insurance Gifts allow use insurance proceeds to be designated to a charitable giving program. A policy given outright provides the donor with a charitable deduction equal to the cash surrender value of the policy, and any donor-paid premiums are deductible. CFNEG can also be named as a contingent beneficiary under an insurance policy. Gifts of cash or checks should be mailed to the Community Foundation for Northeast Georgia at 6500 Sugarloaf Parkway, Suite 220 Duluth, Georgia 30097. You may also donate by credit card at www.cfneg.org and go to the Online Giving Tab. For all gift giving, please contact Angela Patton at APatton@sageschool.net or 678-907-4194 for any questions you may have on giving to the Foundation.

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