Thanksgiving is just about two weeks away, and here at CDS, we’re planning for a supercharged one.
Why? Because we just found out that we have the opportunity to raise $250,000 IN THE NEXT TWO WEEKS that will IMMEDIATELY go to strengthen our school.
We’re already super thankful for the children we get to educate, the families with whom we partner, and the staff members who inspire adoration and curiosity in all of us every day.
We are thankful when we see our students engaged in critically analyzing verses of Shakespeare, passages of the Talmud, or lines of computer code. Or perfecting their notes with the CDS band program or musical. Or competing in interscholastic sports. Or visiting the senior residents at Weinberg Village as they learn to act in accordance with Jewish values.
We are thankful for these gifts of a CDS education.
You know as well as I do that the gift of a CDS education comes at a cost. One of our most sacred commitments is to be able to share the gift of a CDS education with Pittsburgh’s Jewish children, no matter their ability to pay.
Toward that end, we distribute more than $1 million dollars in tuition assistance each year.
Here’s how you and others you know can help ensure these gifts are shared with as many Pittsburgh Jewish children as possible:
I am excited to announce Community Day School’s latest Special Purpose Entity (SPE), whose business purpose is to participate in the Pennsylvania Educational Improvement Tax Credit program. This program provides scholarships to qualified students and has been a major source of tuition assistance at Community Day School.
If you’ve already done this, don’t stop reading! It is now easier than ever to qualify, so share this opportunity with your friends so they can be part of something BIG!
CDS parent and Board Chair Derek Smith, who is a participant in one of our current SPEs, has this to say about the program. “Every dollar of my participation goes directly to CDS to provide scholarships for qualified students. In return for my two-year commitment, I receive a 90% credit on my PA taxes. That means my out-of-pocket cost is only 10% of my commitment. This is a fantastic way to leverage my PA tax dollars.”
Interested in doing this? Interested in sharing with friends and colleagues?
Here’s what you need to know:
Many more individuals are eligible to participate than in the past since this new SPE does not require individuals to be accredited investors. With a minimum investment of $3,000, participants need to earn a minimum of $98,000 in Pennsylvania state taxable income to participate.
Participants will receive PA tax credits of 90% of their investment, which means for a minimum investment of $3,000, their cost is only $300 (always consult with your tax advisor to learn more about your particular eligibility and potential benefits).
The timing of this SPE is advantageous, as the 2019 tax filing is only 5 months away instead of over a year, therefore reducing the wait time for a refund.
Let’s do this now. Your investment in Pittsburgh’s Jewish children, our passionate and dedicated faculty, and our mission of providing an exceptional education shaped by Jewish values, will pay dividends for generations to come!