Give to the Annual Fund

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:

  • Help hire and retain the best teachers, as well as provide inspiring professional development opportunities.
  • Sustain performing arts courses and unique experiences that make ASA “a school like no other.”
  • Provide curriculum enhancing student experiences for expanded learning outside of the classroom and engagement in the community. 
  • Acquire technology resources and training that provide innovative 21st-century learning and working environments for faculty and students, in preparation for college and the workplace. ASA recently was able to achieve infrastructure capacity to accommodate a 1:1 environment.
  • Provide financial assistance to cover student fees, based on need.

 

Now is the time to give to Arizona School for the Arts! In addition to strengthening our arts education programs, your donation may qualify for an increased charitable deduction on your federal taxes.

CARES Act benefits for charitable giving extended through 2021!

For individuals who do not itemize their tax deductions (roughly 85% of us), the legislation for 2021 extends the $300 above-the-line charitable deduction implemented in the Cares Act. It also allows twice the deduction for couples who file their tax return jointly.

Extension and expansion of the above-the-line charitable deduction

  • The $300 above-the-line charitable deduction has been extended for single filers who do not itemize deductions. 
  • For 2021, this above-the-line deduction is increased to $600 for married couples filing jointly who do not itemize tax deductions. 
  • As in 2020, this deduction applies only to qualified cash contributions and does not apply to cash contributions made to private foundations, donor-advised funds, or supporting organizations, or to split-interest trusts like charitable remainder and lead trusts. It also does not apply to carry-over contributions.

Extension of the charitable contribution limitation

  • The temporary suspension of the 60 percent charitable contribution deduction limitation has been extended into 2021 for qualified cash contributions. 
  • In 2021, individual taxpayers who itemize tax deductions and who contribute cash to a public charity, or a limited number of private foundations, may deduct up to 100 percent of their adjusted gross income after taking into account other contributions subject to charitable contribution limitations. 
  • Individual taxpayers can continue to carry forward any excess charitable contributions for five years, but the enhanced 100 percent deduction limitation expires after 2021. 
  • In 2021, corporations may continue to deduct charitable gifts up to 25 percent of the corporation’s taxable income (increased from 10 percent).

The CARES Act suspension of the required minimum distribution from most retirement plans for 2020 does not appear to have been extended into 2021.

Please note that the above applies to federal taxes only.  For more information about how the extension of these CARES Act provisions may impact your specific financial situation, please consult with your tax, legal, or financial advisor(s).