Join a community of champions in supporting ASA students, of today and tomorrow, as they pursue a high-quality education informed by the performing arts.
Strike a beautiful chord in our hearts! Your annual fund dollars make possible the innovative performing arts curriculum and exceptional academic teaching we see happening especially now during this historic time. ASA will provide 21st Century tools and artistic opportunities that will help our students flourish. As a non-profit public charter school, we rely on private donations to “fill the gap” not covered by state funding. Every gift made to the annual fund holds great importance in the life of all ASA students and contributes to the growth and future of our academic and arts programs for years to come.
To ensure that ASA’s highest priorities are met each year, we must raise at least $1 million through the Annual Fund.
Your tax-deductible annual fund gift directly supports our mission at ASA, where creativity, critical thinking, and innovation are encouraged, developed, and celebrated! An annual fund gift goes immediately to:
In March 2020, Congress passed the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). This act has many facets and also makes certain modifications to encourage philanthropic contributions to worthwhile organizations such as Arizona School for the Arts. Some specific provisions of the CARES Act related to year-end charitable giving are referenced below.
The donation deadline to take advantage of the federal tax deduction is December 31, 2020.
(PLEASE NOTE: Information provided above does not substitute for the advice of your tax advisor or attorney. Please see your tax advisor or attorney for full advice on the implications of the CARES Act.
The CARES package includes a temporary universal charitable deduction. This deduction will allow all taxpayers who do not itemize deductions to claim an above-the-line charitable deduction for cash donations up to $300. Married and those filing separately should double that deduction.
Individuals who itemize may deduct cash gifts up to 100% of their adjusted gross income (AGI) compared to the typical 60% allowance.
Required minimum distribution (RMDs) are suspended for IRAs, which translates to no income tax on gifts from IRAs.
For the 2020 tax year only, corporations who make charitable gifts may deduct up to 25% of their taxable income (up from 10%) and food donation deductions up to 25% (up from 15%).
Information provided above does not substitute for the advice of your tax advisor or attorney. Please see your tax advisor or attorney for full advice on the implications of the CARES Act.