PCA is a phenomenal place for our children to grow in Christ and to be grounded in biblical principles. Every aspect of our children's education at PCA has the vision to weave Godly principles into the fabric of their everyday lives and this has been priceless.pca parent
There are several levels of sponsorship available with the PCA Corporate Partners Program. Each type of sponsorship is designed with a range of marketing benefits that are customized to support businesses and their goals. Visit our corporate partners page to read more about types of sponsorships and see who our corporate sponsors are! To discuss sponsorship opportunities, please email the PCA Office of Development or call 972.820.5045.
There are several opportunities for parents to be involved in their students' education! Our teachers desire to work with parents to support and encourage our students to bring greater glory to God! Our parent organizations include Fine Arts Council, Friends of the Library, Lions Den Club, Parent Teacher Fellowship, Prayer Ministry and Learning Lab Partners!
Click here for more information on Parent Organizations!
COVID-19 Stimulus Package / CARES Act
CARES Act for Nonprofits – Friday, March 27, the Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus package legislated to provide immediate relief for nonprofits.
High Level Information
New Deduction Available: Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income. A donation to a donor advised fund (DAF) does not qualify for this new deduction.
New Charitable Deduction Limits: As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions. Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%. The new deduction is for gifts that go to a public charity, such as PCA. The old deduction rules apply to gifts to private foundations. The higher deduction does not apply to donations directly to a DAF.
Required Min. Distributions Waived in 2020 for Most Donors: Required minimum distributions (RMD) that would have had to start in 2020 do not have to start until 2021, including distributions from defined benefit pension plans and 457 plans. This change will dampen somewhat the incentive for a donor to make a qualified charitable distribution (QCD) from their IRA in 2020. Even so, making a QCD this year will still allow itemizers and non-itemizers alike to direct up to $100,000 from their IRA to charities in a tax efficient manner.
Here’s How it Works
New Deduction Available: The bill makes a new deduction available for up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is particularly beneficial to people who take the standard deduction when filing their taxes (in other words for taxpayers who do not itemize their deductions). It is calculated by subtracting the amount of the donation from your gross income. It is an “above the line” adjustment to income that will reduce your AGI, and thereby reduce taxable income.
To qualify, you would have to give a donation to a qualified charity. If you have already made your donation since Jan. 1, that contribution counts toward the $300 cap. A donation to a donor-advised fund (DAF) does not qualify for this new deduction.
New Charitable Deduction Limits: Also part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions.
Individuals can elect to deduct cash contributions, up to 100% of their 2020 adjusted gross income, on itemized 2020 tax returns. This is up from the previous limit of 60%.
Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%.
The new deduction is only for cash gifts that go to a public charity. If you give cash to, say, your private foundation, the old deduction rules apply. And while the organizations that manage DAF’s are public charities, you do not get the higher deduction for donating cash to your DAF. These new limits do not apply to gifts of appreciated stock.
If your assets are substantial enough that you can give more than your income this year, you won’t lose the deduction for the excess amount. You can use it next year, as has always been the case.
Required minimum distributions waived in 2020 for most donors: RMD for individuals over age 70 ½ are suspended until 2021. This includes distributions from defined benefit pension plans and 457 plans. The RMD is an attractive way for donors to make a significant charitable gift directly from their IRA to a charity through a qualified charitable contribution (QCD) while avoiding taxable income. The suspension of the RMD may dampen somewhat the incentive for a donor who makes a gift from their IRA to count toward that minimum. However, the tax benefit of the QCD remains.
The takeaway - donors directing a QCD to charity this year (up to $100,000 per individual) will still reduce their taxable IRA balance. This allows all taxpayers, itemizers and non-itemizers alike, to direct gifts from their IRA to charities in a tax efficient manner.
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
You have the opportunity to give back to PCA through a variety of ways! PCA continually needs assistance in the following areas:
- PCA Fund Annual Gifts (which support Arts, Benevolence, Biblical Worldview, Curriculum and Programs, Learning Lab, Athletics, World Impact Missions);
- Capital Gifts (Arts building - phase I, Field House, new Student Life Center, Lions Stadium, future Middle School, Lions Stadium Track & Field improvement, Lady Lions field improvements)
- Any of the outright gifts below!
- What is the PCA Fund & why is it important?
- What is a meaningful gift to the PCA Fund if my financial situation is difficult?
- Why doesn't the school charge tuition that will cover all of its operating costs?
- How is supporting Sponsor-A-Child different from other gifts to the PCA Fund?
- Who can I contact about volunteer opportunities?
- What does the Office of Development do?
- What are the different ways I can invest financially in PCA?
- Will my employer match my gift?
- Should I increase the level of giving from my prior year's gift?
- My student has gone to PCA many years-- is it too late to participate in the PCA Fund?
- What is the Federal Tax ID for Prestonwood Christian Academy?
- What are the rules regarding donations?
The PCA Fund supports the very things that most likely impacted your decision to send your child or children to PCA: small classes, exemplary teachers, more personal attention, an unapologetic Christian environment and so much more! While tuition gives your child access to all of these benefits, gifts to the PCA Fund are necessary to help sustain and expand them. Every student at PCA benefits from the PCA Fund.
A gift of any size matters because what we do here matters. How much you choose to give is a personal decision that each family makes. Gifts made through pledges allow you to make smaller monthly payments throughout the fiscal year to fit within your budget. The more our community invests in the school, the more likely outside ogranizations will invest in us. Every gift is important and appreciated!
We are sensitive to the high cost of private school tuition. The model of underwriting the costs of a top quality education through both tuition and philanthropic support is one in which we deeply believe. This model offers our families the opportunity to give the extra that is needed with tax-deductible gifts to the PCA Fund that directly benefit their children and all PCA families. Tuition is not tax-deductible, but gifts to the PCA Fund are.
Sponsor-A-Child is our annual giving opportunity that is designed specifically for the tuition assistance needs of families and students. It is a goal of PCA that every student who demonstrates a desire to receive a Christian education be given every opportunity to do so. Before a family is rewarded the tuition assistance, there is a process that the parents must go through. The process requires submitting personal financial information from the past year to a third party company who reviews their information and will make recommendations to PCA on amounts they would qualify to receive.
Unlike the Sponsor-A-Child program, the PCA Fund is a philanthropic initiative. The PCA Fund supports the annual operating budget and beyond by helping to underwrite items such as classroom supplies, grounds upkeep, utilities and teachers' salaries, benefits, professional development and educational technology.
The Office of Development exists to assist the Head of School and the Board of Trustees in moving the school forward through building positive relationships with our families, friends, corporations, and foundations. One of the departments main goals is to secure charitable gifts. The Office of Development team helps educate our families on the importance of giving to the school beyond tuition, works with donors on gift details, maintains giving records and acknowledges generosity.
Specifically the Office of Development is responsible for...
- Charitable gift management, donor acknowledgement and donor recognition
- PCA's adherence to management and reporting standards for educational fundraising (mandated by Council for Advancement and Support of Education or CASE).
- Donor Confidentiality
- PCA's Alumni Program
- Grandparents Day
- Zig Ziglar Servant Leadership Award Banquet
- Corporate Partners Program
- Planned Gifts
- Capital Campaigns
You can make a gift using cash, check, credit cards, stock and more. We are happy to work with you on a giving plan that suits your needs. For example, some of our families choose to set up monthly credit card gifts in order to make smaller payments toward larger gifts and they can build points on their card. We accept stock gifts too and this offers advantages to our families. Giving long-term appreciated stock enables donors to give from a source other than cash by giving through a direct transfer. Donors can save the capital gains tax that would be owed if they had simply sold the stock and given the cash.
Many employers have a matching gift program and will match their employees' charitable contributions. Some companies also match retirees' or spouses' gifts. This is an easy way to double or even triple the impact of your gift. Check with your human resources department to see if your company has a matching gift program or you may check to see if your employer participates by searching your employer in our database.
Cash gifts are the simplest and easiest gifts to make.Outright cash, personal checks, cashier's checks, credit-card transactions, money orders and wire transfers qualify as cash gifts. All cash gifts are to be made payable to:
Prestonwood Christian Academy
Attn: Development Dept.
6801 W. Park Blvd
Plano, TX 75093
If you would like you can mail or bring your outright gifts in person to PCA's Office of Development in the lower level of PCA's Upper School building. You will receive a tax receipt via email if your email address is on file or included in the correspondence.Otherwise, a tax receipt will be mailed to the address on the check.
In-Kind gifts are contributions of goods and services (instead of donating money) that are given to meet the needs of the school.
Typically, the gifts are physical assets such as a piano or goods and services from a business.
A tax receipt indicating the specific contents of the gift will be sent to the donor.A value will not be assigned unless the gift has an estimated appraised value over $5000 in accordance with IRS regulations. An appraisal may be required to assess the value of the gift.
Personal services provided to the school will not be receipted as they are considered nondeductible contributions.
A planned gift is any amount given for any purpose. A planned gift's purpose can be operations, capital expansion or endowment for current or deferred use (that typically requires the assistance of a professional financial planner). Essentially a planned gift is a major gift made in life or death as part of a donor's overall financial and/or estate planning.
Visit the PCA Planned Giving page at:
The website has information related to all planned giving opportunities.
Gifts of financial assets like stocks and bonds are potentially more advantageous than cash gifts. These gifts provide considerable tax advantages when transferred to PCA before they are sold. For assets of this type that have been held for more than one year, the gift may provide a two-fold tax benefit: creating an tax deduction as well as helping to avoid the capital gains tax from their sale.
You may execute the donation of shares of stock to PCA by completing the attached document and forwarding it to your broker. The broker will then assign the shares to the transfer agent representing PCA. Please notify our office at email@example.com when you execute a financial asset donation and let us know the asset type and the entity name. This will allow us to follow up with the broker, track the transaction and ensure you receive a proper and timely tax receipt. Such notification is helpful because financial transactions typically do not indicate the donor name and privacy laws prohibit our inquiry.
Senior Director of Advancement
DR. JON LINEBERGER
Director of Major Gifts
Director of Annual Giving and Special Interest Groups
Director of Planned Giving
Director of Alumni Relations
DR. TERRY RODGERS
Director of Co-Curricular Advancement
Advancement Coordinator, PCA Class of 2012
Development Services Assistant
Founded in 1979, The Evangelical Council for Financial Accountability (ECFA) provides accreditation to leading Christian nonprofit organizations that faithfully demonstrate compliance with established standards for financial accountability, transparency, fundraising, and board governance. Prestonwood Christian Academy is a proud recipient of this accreditation.