When people support scholarships through a charitable foundation or scholarship trust, they are able to empower individuals to pursue education opportunities that might otherwise be out of reach. By investing in the future of a young person you can leave a legacy that will yield benefits for decades to come. The NaphCare Charitable Foundation, Inc. is a 501(c)3 organization, that focuses on funding scholarships and all contributions are tax-deductible. The Foundation can name a scholarship in the donor’s name or in the name of someone the donor wishes to honor, add the donated funds to the existing program funds, manage investment of the funds, and select recipients according to the scholarship criteria. By using the NaphCare Foundation’s existing infrastructure, our donors avoid the administrative and financial burdens of setting up and administering their own foundation or trust. Our donors receive an immediate income tax deduction of up to 30% of their adjusted gross income (AGI) and excess deduction can be carried forward up to five years. The donor’s estate is also reduced by the amount of the scholarship donation, so estate taxes assessed on the donor’s estate will also be reduced.
If you would like to give scholarships as a way to pass on a legacy of education, please contact us.