Help us bridge the gap between what tuition provides, and what the true cost is to operate our school. Spring Street’s programs, students and teachers depend on the support of the Annual Fund.
Annual Fund donations are used to help make up the difference between what tuition provides and the cost of running our school. Tuition currently only covers about 90% of our operating costs, and the annual fund is essential to helping us meet those extra costs. These include everyday items like pens and paper, and more specific needs like faculty training workshops and bringing in support for student wellness.
Think about what you love and appreciate about Spring Street International School. Is it the growth you see in a Spring Street student after they return from an expedition in the backcountry? Is it the self confidence they gain as they develop their skill as an artist, an actor, or a musician? Is it the peace of mind that you have knowing your child is supported by adults that care about their wellbeing? Chances are, one of the things you love and appreciate about Spring Street International School is impacted by what is raised by this fund.
Your contributions to Annual Fund will help fund:
- Professional development for faculty
- Classroom equipment & supplies
- Wilderness First Responder training
- Music program
- Theatre program
- Art program
- Wellness programs
- 7th Period
Did you know that Spring Street International School is a 501(c)3 nonprofit, and your gift could also benefit you, with possible tax savings?
Contribute appreciated stock instead of cash.
If you have owned a stock for more than one year and it has grown in value, you may be in line for two tax benefits: avoid taxes on the appreciated value and qualify for an income tax charitable deduction based on today’s market value when you itemize. You receive the same tax saving as if you wrote a check, but with the added benefit of eliminating capital gains taxes. Timing: Complete all transfers by Dec. 31. This includes by mail, electronic transfer, or hand-delivery of the assets.
Sell depreciated assets and donate the cash.
Unfortunately, 2022 wasn’t good for all portfolios. If you would like to support Spring Street but your stocks have fallen in value, it is best to sell them first and then donate the cash. This allows you to record the loss as a tax deduction and qualify for an income tax deduction for the gift. Timing: Complete all transfers and cash donations by Dec. 31.
Make a qualified charitable distribution of IRA assets.
If you are 70½ or older, you can give any amount up to $100,000 per year from your IRA directly to Spring Street International School. You will not pay income taxes on the transfer. If you are required to take minimum distributions, you can use this transfer to satisfy all or part of your obligation. Timing: We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.
Help offset the tax liability on a retirement account withdrawal.
If you are 59½ or older, you can take a distribution from your retirement plan account and then make a gift to Spring Street International School without an early withdrawal penalty. If you itemize your deductions, you can take a charitable deduction for the amount. Timing: If your gift is in the form of a check, it must be postmarked on or before Dec. 31 for your donation to qualify this year.
How to Make a Tribute Gift
Any year-end gift can be made in a loved one’s name. This can be a heartfelt way to celebrate someone important in your life or to remember someone.
Thank you for your generosity! Gifts can be made in-person or by mail at: 505 Spring Street, Friday Harbor WA 98250, OR by visiting our online portal.
All donations are tax-deductible to the extent allowed by law. Spring Street International School is a 501(c)3 nonprofit organization.