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Gift Categories
The Endowment Fund
This is our investment in the future of the Lake Pend Oreille
School District, and an excellent choice for donors who wish to establish a
charitable remainder trust or make a major gift now or through their estate
plan. The Endowment Fund is managed by the Idaho Community Foundation (ICF)
under a contract with the Panhandle Alliance. ICF manages millions of dollars
on behalf of non-profit organizations throughout Idaho, providing a secure
place for donor gifts. Under our contract, ICF will return a fixed percentage
of income to the Panhandle Alliance each year for its various grant programs.
The Annual Fund
If you prefer that your donation is applied to grants over the
next two years, the Annual Fund is the perfect choice as it supports the
Panhandle Alliance's various grant programs. All money donated to the Annual
Fund goes to help children. Grants are made annually, consistent with the
Mission of the Panhandle Alliance for Education. Review teams carefully
consider grant applications to ensure that community donations supplement, not
replace, tax dollars.
The Operating Fund
The Operating Fund supports the work of the Panhandle Alliance
for Education, including administering the grant process, promoting and
marketing the Alliance, managing the website, and so much more. So it's a great
choice for those who agree that "it takes money to make money."
The Reading Program
The RPMS Reading Program is a four year comprehensive staff development project designed to significantly improve reading instruction and student achievement at all grade levels in the Lake Pend Oreille School District. This program is a partnership between the Alliance, the LPOSD and the Consortium on Reading Excellence (CORE), a nationally recognized leader in assisting school districts to improve reading and literacy instruction and student achievement.
Idaho Tax Credit ñ The bargain gift!
Since the IRS and Idaho allow you to deduct gifts to charitable
organizations from personal and corporate income taxes, donating to the
Panhandle Alliance is actually quite a bargain! Additionally, Idaho provides a
tax "credit" for any donations made to the Alliance.1 The Idaho "credit" is
available whether or not the taxpayer itemizes. It is limited to the greater of
50% of the gift or $100 for a single taxpayer, or $200 on a joint return.
Corporations may take up to a $1,000 credit.
The tables below approximates the tax savings to a typical
taxpayer who is in the 27% federal tax bracket, itemizes deductions, and owes
at least $500 (single) and $1000 (joint return) of Idaho state tax before the
state tax credit is applied.2
| Couple Filing a Joint Tax Return |
| Donation to the Alliance |
Less Federal Tax Deduction |
Less State Tax Deduction3 |
Less State Tax Credit |
Net or Actual Cost of Gift |
| $25 |
$6.75 |
$1.95 |
$12.50 |
$3.80 |
| $50 |
$13.50 |
$3.90 |
$25.00 |
$7.60 |
| $100 |
$27.00 |
$7.80 |
$50.00 |
$15.20 |
| $200 |
$54.00 |
$15.60 |
$100.00 |
$30.40 |
| $300 |
$81.00 |
$23.40 |
$150.00 |
$45.60 |
| $500 |
$135.00 |
$39.00 |
$200.00 |
$126.00 |
| $1000 |
$270.00 |
$78.00 |
$200.00 |
$452.00 |
| Single Taxpayer |
| Donation to the Alliance |
Less Federal Tax Deduction |
Less State Tax Deduction3 |
Less State Tax Credit |
Net or Actual Cost of Gift |
| $25 |
$6.75 |
$1.95 |
$12.50 |
$3.80 |
| $50 |
$13.50 |
$3.90 |
$25.00 |
$7.60 |
| $100 |
$27.00 |
$7.80 |
$50.00 |
$15.20 |
| $200 |
$54.00 |
$15.60 |
$100.00 |
$30.40 |
| $300 |
$81.00 |
$23.40 |
$100.00 |
$95.60 |
| $500 |
$135.00 |
$39.00 |
$100.00 |
$226.00 |
| $1000 |
$270.00 |
$78.00 |
$100.00 |
$552.00 |
1 Chapter 63-3029A of the Idaho Code and Opinion of
the Attorney General 86-13.
2 The modest impact of the reduction in Idaho tax on the following
year's Federal tax return is not considered.
3 The Idaho state tax rate is 7.8%
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