Because the Academy is a 100% scholarship school, the support of our benefactors is critical. The Academy is not funded by the Archdiocese of Baltimore or federal, state, and local governments, and must raise nearly $3 million each year to operate.
Ways to Support Our School
Sponsor An Academy Student
Each of our students is sponsored by a generous donor. Sponsors can be individuals, groups of individuals or teams whose gift provides their student(s) with an invaluable educational opportunity. Sponsors receive letters during the year from their student and are invited to events where they can visit with their student. To learn more about sponsorship, view the form below or contact Jennifer Summers at 410-783-9279.
View the Student Sponsor form for information on contribution levels and contacts.
Gifts of Securities
Gifts of appreciated securities held for longer than one year enable the donor to receive an income tax charitable deduction for the fair-market value of the securities, while avoiding capital gains tax. Gifts of securities can fund a student sponsorship, establish an endowment fund, or support Academy operations.
J.K. Meek Group at Graystone Consulting
DTC - #0015
Account - Saint Ignatius Loyola Academy #633-120-365
The Academy Fund
Gifts to the Academy Fund provide critical resources for our students and programs, supporting the academic program, faculty professional development, athletics, and activities.
Matching Gifts: You can double your gift to Saint Ignatius Loyola Academy with a matching gift from your company. Check with your company to see if they match employee gifts to eligible nonprofits.
Create an Endowment
Gifts to endowment provide a sustainable source of revenue for the Academy. Endowment funds can benefit a student's education, support a specific program like Graduate Support, or provide operating revenue for our academic program. Named endowment funds can be created once a donor's endowment gifts reach $25,000.
Generous friends of the Academy have remembered our school in their estate planning. Bequests naming Saint Ignatius Loyola Academy as a beneficiary of a will, retirement plan, or life insurance can have an enormous impact on our small school and may provide substantial tax savings to your estate. For more information on planned giving, contact Jennifer Summers at 410-783-9279.
Community Investment Tax Credit Program (CITC)
We are excited to announce all of our current Community Investment Tax Credits (CITCs) have been claimed. We will announce if any additional tax credits will be released in the future.
St. Ignatius Loyola Academy has been awarded Community Investment Tax Credits (CITCs) from the State of Maryland. This means that, as a donor, you are eligible to receive 50% of your donation back through a Maryland state tax credit. You will also receive the standard federal and state tax deduction for the donation.
Here's how it works:
- Your donation must be a new gift of $500 or more
- Your donation must be designated to support the Academy's Graduate Support Program; gifts to the Academy Fund or student sponsorship are not eligible
- You must complete a CITC donation form required by the State of Maryland (we will send this form to you to fill out and return after we receive your donation)
Examples of Qualifying Donations:
The Academy has been granted $30,000 of CITCs. These tax credits will be given to donors on a first-come, first-served basis until the entirety of the $30,000 has been distributed. You will be contacted immediately if we are no longer able to offer tax credits when we receive your donation.
When you give your gift, please be sure to indicate your participation in the CITC program in the memo of your check or in an accompanying letter. If you are using our online donation form, please select the designation Graduate Support Program: Tax Credits.
We encourage you to consult your tax adviser for your individual Federal and Maryland tax deduction rates.
Please contact Jennifer Summers, Chief Advancement Officer, at 410-783-9279 or email@example.com with additional questions or to be sure that these tax credits are still available. You may also learn more about the CITC program by visiting the Maryland Department of Housing and Community Development website.