Supporting Hopewell Academy |
All funds raised supplement your tuition dollars for the success and growth of academic programs at Hopewell Academy. From hiring the very best teachers, upgrading computers, refurbishing the playground and providing resources for learning, all of the support from the Hopewell community creates an enriching learning environment every year. Everyone can find a way to support Hopewell Academy.
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Fundraisers
Fund raising is a vital and exciting part of a school's growth and a sign of the school's stability. While older schools have had enough time to build large endowments or hold capital campaigns to fund their expansion needs, Hopewell Academy is at the beginning stages of fundraising and we need your help in many ways. Like most schools, Hopewell Academy relies on fundraisers to provide financial support for specific programs. Through successful fundraising events, and with each passing year, Hopewell Academy becomes more established and more successful as a small private school. Your support matters! Whether you donate pizza for the next teacher workday, donate items for our silent auction, or make a tax deductible donation (Hopewell Academy is a 501(c)(3) Public Charity), your support directly benefits the teachers and students at Hopewell Academy. How Can You Help? Join the Hopewell Academy Parent Teacher Organization! Attend meetings, volunteer, attend Spirit Nights and FUN Raisers, support our Athletics and Awards Nights, purchase spirit wear, help the lunch program, and much more. Fundraising can be as easy as shopping. Just Link To Our Merchants · Harris Teeter: Together in Education # 6051 · Food Lion: MVP School ID # 213347 · Staples: #3420401774 · Target: Take Charge of Education #145911 Donations of your time are appreciated! Please consider a donation of 2 or more hours of time to help teachers, spruce up the kitchen, building or playground. Sponsor a Classroom Sponsor a classroom for the year. Focus your efforts on just one area, supporting a specific teacher throughout the year. Donations of materials are appreciated! Contact us to find out what how your support can benefit us throughout the year. And, everyone can donate to your Annual Fund. The Annual Fund supports teaching salaries and the general operations of the Academy including the playground and classrooms. Through every donation you make we can use other dollars to increase salaries and hire additional faculty. Contact us for a Donation Receipt from Hopewell Academy |
Previous Events
2014: The popular OktoberFest Returned! A fabulous night under the stars raised over $50,000 for the academic programs at Hopewell Academy. The event was catered by The German House. Silent auction items raised money for curriculum needs, field trips, faculty to teach electives and more. Thank you to everyone who attended and thank you to the Events Committee lead by Mrs. Schanzenbach. 2013: The Fall Fundraising Gala was held at the Cloer Family Vineyard during the peak of their grape harvest and wine making. On Friday, September 27 beginning at 6:00 and continuing at Dean's Seafood at 9 pm the party continued. We met our target for that evening! Your generous support throughout the year is vital to ensuring we retain teachers of he highest quality. Thank you for all you do to support Hopewell Academy. 2012: The Fall Fundraising Gala at the Museum of Natural Sciences, featuring music of the Big Band Era and catered by Rocky Top, put us over the top and we raised $21,000 after expenses for the Annual Fund and a large amount was contributed toward the additional renovations of the playground. 2012: Congratulations! The Cinco de Mayo event raised $4,000 more to refurbish the playground on Friday, May 4, 2012. This year all of goals were focused on raising money for the Playground Renovation. 2011: During OctoberFest 2011, Sunday, October 2, 2011, 5:30 p.m., Hopewell raised an additional $100,000 towards the interior renovations of our new building in Preston. Congratulations! We relocated just a few short months later into the new building. 2010: Hopewell raised $49,000 during the Fall Auction Gala at Jimmy V's in Cary and sold out the house! Through donations, fundraising and corporate donations your support level reached over $100,000. 2009-2010: Overall in 2009 Hopewell raised $165,000 in donations and fundraising. Hopewell raised over $51,000 during the Fall Auction Gala at Gregory's. 2009: David R. Collins Fund for Creative Arts raised $5,000. In the spring of 2009, Hopewell established an arts fund to provide an increased opportunity for arts in the curriculum. The inaugural art show and sale, "Masterpieces: Past, Present, for the Future," featured the art work of legendary artist Eugene Massin as well as other local and national artists. Hopewell raised over $5,000. Special thanks to Leanna Collins for providing the night's entertainment and Whole Foods for providing the hors' deourves. We used these funds to contract with a music teacher and a theatre teacher to guide us in the production of 2 sold out nights of "The Hopewell Musical: Adventures of Dan Shovel." 2008-2009: Hopewell raised over $12,000 towards our goal of $25,000 thanks to your support at our event at Gregory's of Cary, NC. 2007-2008: Hopewell raised over $9,000 towards our goal of $25,000. 2006-2007: Hopewell raised $7,000 at our very first silent auction to support the Annual Fund at Hopewell Academy. |
IRS Charity Guidelines
Donors who purchase items at a charity auction may claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the value of the item was less than the amount paid. For example, a charity may publish a catalog, given to each person who attends an auction, providing a good faith estimate of items that will be available for bidding. Assuming the donor has no reason to doubt the accuracy of the published estimate, if he or she pays more than the published value, the difference between the amount paid and the published value may constitute a charitable contribution deduction.
In addition, donors who provide goods for charities to sell at an auction often ask the charity if the donor is entitled to claim a fair market value charitable deduction for a contribution of appreciated property to the charity that will later be sold. Under these circumstances, the law limits a donor's charitable deduction to the donor's tax basis in the contributed property and does not permit the donor to claim a fair market value charitable deduction for the contribution. Specifically, the Treasury Regulations under section 170 provide that if a donor contributes tangible personal property to a charity that is put to an "unrelated use", the donor's contribution is limited to the donor's tax basis in the contributed property. The term "unrelated use" means a use that is unrelated to the charity's exempt purposes or function, or, in the case of a governmental unit, a use of the contributed property for other than exclusively public purposes. The sale of an item is considered unrelated, even if the sale raises money for the charity to use in its programs.
Donors who purchase items at a charity auction may claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the value of the item was less than the amount paid. For example, a charity may publish a catalog, given to each person who attends an auction, providing a good faith estimate of items that will be available for bidding. Assuming the donor has no reason to doubt the accuracy of the published estimate, if he or she pays more than the published value, the difference between the amount paid and the published value may constitute a charitable contribution deduction.
In addition, donors who provide goods for charities to sell at an auction often ask the charity if the donor is entitled to claim a fair market value charitable deduction for a contribution of appreciated property to the charity that will later be sold. Under these circumstances, the law limits a donor's charitable deduction to the donor's tax basis in the contributed property and does not permit the donor to claim a fair market value charitable deduction for the contribution. Specifically, the Treasury Regulations under section 170 provide that if a donor contributes tangible personal property to a charity that is put to an "unrelated use", the donor's contribution is limited to the donor's tax basis in the contributed property. The term "unrelated use" means a use that is unrelated to the charity's exempt purposes or function, or, in the case of a governmental unit, a use of the contributed property for other than exclusively public purposes. The sale of an item is considered unrelated, even if the sale raises money for the charity to use in its programs.