Students graduating from The Regina Academy at St. John the Baptist make a mark on their world through leadership, achievement and service – skills learned as part of their elementary experience. It is our goal to prepare students to think critically, promote human dignity, exhibit empathy, and live their faith through action. Our students' success depends on the support of teachers, family, friends, and alumni using their time, talent, and resources.
Tuition covers only 39% of the operating budget. The balance, 61% of non-tuition revenue is comprised of philanthropy(pledged gifts, annual giving and endowments) and auxiliary income from events.
Gifts to our school, whether current or deferred, large or small, help to continue the tradition of a strong Catholic education. As you contemplate your personal support of our school, please know that every gift is important and every gift makes a difference in the lives of the students in our care.
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In order to uphold the mission of The Regina Academy at St. John Baptist, we rely on the generosity of our extended community to fund various initiatives, as well as to provide need-based financial aid and merit-based scholarships.
Examples of giving opportunities include:
- The Blue and White Annual Fund provides a permanent source of income that supplements tuition through named scholarships and prizes. This fund is used to recognize outstanding student performance, support initiatives that promote Catholic identity and preserve the infrastructure of the school.
- The Parent Annual Fund provides funding for our faculty and staff to pursue post-graduate degrees and certifications. Our entire school benefits from teachers who continue to expand their knowledge and remain current in their field of study.
- The Grandparent Annual Fund provides our faculty and staff with the opportunity for continuing education.
- The Faculty/Staff Annual Fund helps to provide funding for students who may be unable to pay for materials needed for class, class trips, or other expenses that would benefit the student’s educational experience.
- Memorial Gifts are contributions made in honor or in memory of a deceased alumni, parent, faculty/staff member, or friend of The Regina Academy at St. John the Baptist. These gifts help us uphold our school's mission and vision.
- Scholarship Funds provide financial assistance in perpetuity to students who wish to attend The Regina Academy at St. John the Baptist. These funds are set up by alumni, parents, and friends of the school, sometimes with specific criteria for disbursing the annual interest earnings on the funds.
Planned Gifts to The Regina Academy at St. John the Baptist, large or small, help to ensure that our school can remain strong and offer qualified students an opportunity to attend our school regardless of their economic background.
- Bequest. A very common option among planned givers is a bequest, naming The Regina Academy at St. John the Baptist in your will. Talk to your financial planner for the best bequest strategy for your specific needs. Oftentimes, the best assets to bequeath are pre-tax retirement plans. There is no income tax or estate tax loss on pre-tax assets bequeathed to charity. Simply contact your plan administrator for a beneficiary change form, often available on the administrator’s web page.
- Life Income Gift. You can irrevocably transfer some assets now, and in return, you (and a survivor, if you wish) receive income for life.
- Gift of Life Insurance. Some of our supporters no longer need their life insurance, which was purchased years ago to provide for children or other family members, and donate the policy to The Regina Academy at St. John the Baptist. Others designate The Regina Academy at St. John the Baptist as a policy beneficiary.
- Pooled Income Fund. Your gift of money, marketable securities, or both is invested together with similar gifts from other supporters.
- Charitable Lead Trust. Individuals with very large estates can use a charitable lead trust to benefit The Regina Academy at St. John the Baptist and pass principal to family members with little or no tax penalty.
- Gifts of Retirement Plans. Your IRA assets will be bequeathed directly to the The Regina Academy at St. John the Baptist or to a charitable remainder trust. The trust will provide life income to the beneficiaries, and then an eventual gift us.
- Securities. If you hold appreciated securities, you can make an outright gift to The Regina Academy at St. John the Baptist and receive a deduction for the full fair market value, and avoid a capital gain tax liability.
- Real Estate. You can make an outright gift of your residence or other real estate to The Regina Academy at St. John the Baptist and qualify for a charitable deduction. A gift of real estate enables you to realize substantial savings on capital gains tax on the appreciation of the property, and provides an immediate income tax deduction.
- Other personal property. Artwork, antiques, rare books and other valued collections currently qualify for charitable deductions when their use relates to the education that The Regina Academy at St. John the Baptist provides
EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC)
- EITC is a program that enables your Pennsylvania business to redirect state tax dollars to The Regina Academy at St. John the Baptist School.
- Funds received under this program provide direct support to need-based tuition assistance subsidies.
- 75% of your contribution will be applied as a tax credit for your Business, up to $750,000 per taxable year.
- This increases to 90% if you agree to contribute the same amount for 2 years.
- The 25% (or 10% for a two year commitment) that is not included in the tax credit may be claimed as a charitable donation on your federal tax return.
Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
- Capital Stock/Foreign Franchise Tax
- Corporate Net Income Tax
- Bank Shares Tax
- Title Insurance & Trust Company Shares Tax
- Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
- Mutual Thrift Tax
- Gross Receipts Tax
- Tax under the Insurance Company Law of 1921
- Personal Income Tax
- We will work with you – even complete the application for your signature, and deliver it for you. We want to make the process as simple as possible.
Visit Pennsylvania Department of Community and Economic Development.