Together we can make an impact!
Consider investing in the students of Bay Scholars. They have the potential to be our leaders but need your help to make that a reality.
Bay Scholars promotes a life-altering experience connecting promising youth with transformative educational opportunities at Bay Area Catholic college prep high schools.
- $1,750 supports 1 student for 1 semester
- $3,500 supports 1 student for 1 school year
- $14,000 supports 4 students for 1 school year
- $35,000 supports 10 students for 1 school year
- $70,000 supports 20 students for 1 school year
The Janet & Clint Reilly Family Foundation continues to underwrite all operational costs so every dime raised for Bay Scholars goes directly to scholarships!
Ways to Give
2021 Year End Planning: Tax benefits from Charitable Gifts
Your financial support of Bay Scholars may actually save you money in taxes, especially this year. Here are some time-sensitive giving opportunities that you may want to consider in your year-end plans that will support not only our Bay Scholars students and families, but also may save you money depending on your tax situation.
Special Tax Savings for Cash Gifts are Set to Expire.
In 2021, cash gifts made to qualified charities can be used to offset up to 100% of your adjusted gross income. In 2022, the deductibility of cash gifts will be limited to only 60% of your adjusted gross income. That means you can save more in taxes if you make a cash gift to Bay Scholars before December 31, 2021
IRA Required Minimum Distributions are Back.
After being waived for 2020, required minimum withdrawals (or RMDs) from your IRA are again in force for 2021 for individuals age 72 and older. If you wish to support Bay Scholars with this RMD income, you can donate it as a qualified charitable distribution. This way, your IRA will not generate taxable income for 2021.
Timing Your Gifts.
If you mail a check, it must be dated and postmarked by the U.S. Postal Service on or before December 31, 2021, to qualify for a tax deduction this year. If you use an on-line gift, it is considered to be made on the date of the payment.
One time donation
Please make your check payable to Bay Scholars and mail it to the following address:
465 California Street, 16th Floor
San Francisco, CA 94104
A confirmation letter will be sent to you in the mail with supporting documentation for your IRS deduction.
To wire funds to Bay Scholars, please use the following wire instructions. A confirmation letter will be sent to you in the mail with supporting documentation for your IRS deduction.
Pay to: First Republic Bank
101 Pine Street San Francisco, CA 94111
Account Name: Bay Scholars
Please contact Lloyd Schine, Director of Institutional Advancement at Lloyd@bayscholars.org with any other questions.
Bay Scholars is a 501(c)3 qualified charity, Federal Tax ID 46 3467919. Donations are tax deductible to the extent allowed by law.
A matching gift program is a corporate sponsored benefit that can double or even triple an employee’s gift to Bay Scholars by matching they’re contribution. Check with your human resources office to find out if your company has a matching gift program. If your gift qualifies, please obtain a matching gift form from your employer to send along with your contribution.
Click Here for a List of Matching Gift Companies