The Committee for Academic Excellence relies on donations from its members, individuals, businesses, foundations and grants. Each individual we help receives either full or partial benefit from these funds, based on individual need and income.
Types Of Contribution
Membership Fees are the primary source of funding for advertising, web presence, printing and reproduction and basic operating costs. We also rely on our members for recruitment - the larger our committee, the more "clout" we have locally and nationally. That clout directly translates into influence and opportunity. That clout becomes a recognizable voice at all levels of government and can ultimately mean more financial benefit and opportunity for our children and our communities. Membership fees are tax deductible to the extent allowable by law.
Donations in the form of cash, securities, land, sponsorships or endowments are direct contributors to our delivery of services. These contributions make it possible for The Committee for Academic Excellence to provide services such as tutoring, educator training and parenting seminars to the children, families, educators and needy in the community. Donations are tax deductible to the extent allowable by law.
Grant Opportunities from the federal government, philanthropic organizations, foundations and businesses are reviewed by The Committee for Academic Excellence Board to determine their alignment with CAE goals and their overall benefit to the community. In the event that a funding opportunity is pursued and awarded, 100% of the award slated for the intervention goes toward the direct delivery of CAE services.
The Community Contribution Tax Credit Program (CCTCP) provides a financial incentive (50% tax credit) to encourage Florida businesses to make donations towards community development and housing projects for low-income persons.
The tax credit is easy for business to receive. Businesses located anywhere in Florida that make donations to approved community development projects located in an enterprise zone may receive a tax credit equal to 50 percent of the value of the donation. Businesses may take the credit on Florida corporate income tax, insurance premium tax or as a refund against collected sales tax. In addition, businesses may also receive a federal charitable tax deduction of up to 35% for their donation.
The CCTCP summary is based on Florida Statutes (sections 212.08 (5) (q), 220.183 and 624.5105). Please consult these references for additional details and to see if you qualify.