When asked, why did you give to the Antonian Capital Campaign, an anonymous donor responded, “I have had many different reasons for donating to specific charities. With regard to Antonian, I gave out of a sense of obligation and gratitude to give back to my alma mater. While I graduated a number of years ago, I walked the same halls as students today. I also practiced and played sports in the same facilities as students today. Antonian was always very welcoming. I would not have gotten the same spiritual formation, academics, camaraderie, and structure had I attended a public school.
While I enjoyed much newer facilities, I recognize I did so because others paid for those facilities before me. The COVID-19 economic downturn has had a devastating effect on Catholic schools throughout the United States. The future of many Catholic schools right here in San Antonio that did not close is in doubt. Now that I have my own income and I am blessed with the opportunity to donate, I feel a moral obligation to give back so Antonian's facilities remain competitive with other schools and the Antonian legacy continues. Building new and improved facilities will help Antonian provide current and future students with the same education and experience I received when the facilities were newer.
Gift Giving Tax Incentives for 2020
The Coronavirus Aid, Relief and Economic Security (CARES) Act expands charitable giving incentives and allows taxpayers who take the standard deduction to make up to $300 of charitable contributions to qualified charities this year. You might think that this is a small amount and would not make a difference, but if all of our donors gave “just” $300, such support would have a huge impact on the Capital Campaign and the students we serve.
For those who do itemize their deductions, the new law allows for cash contributions to qualified charities such as Antonian be deducted up to 100% of your adjusted gross income for the 2020 calendar year. Deduction amounts above this limit may be carried over for up to five years.