Faith Academy is excited to partner with the National Christian Foundation (NCF) in order to expand the opportunities to financially support our school. NCF is a grant-making foundation of donor directed funds. We have established four separate fund accounts through NCF that support the school’s Capital Campaign, Booster Club, and Scholarship Fund.
- Click on this link to give to the school’s Capital Campaign
- Click on this link to give to the school’s Booster Club
- Click on this link to give to the school’s Scholarship Fund*
*In accordance with IRS Publication 526, contributions made to Faith Academy’s Scholarship Fund are tax deductible. However, contributions set aside for use by a specific person, such as scholarship/grant donations for the tuition of a named student, are not deductible for tax purposes. If you have questions, please consult your tax professional.
This Q&A is designed to provide information and instructions on how to use our single charity accounts for online giving.
What is a single charity fund and how does it work?
With a single charity fund, you (the donor) make a donation to the foundation (National Christian Foundation) and direct the gift to a particular charity (Faith Academy). If you desire to give to Faith Academy online and/or set up recurring donations, you will click on one of the links above. You will be directed to a page that allows you to set up payments to Faith Academy’s fund(s) at National Christian Foundation.
How is this different than if I just wrote a check to Faith Academy?
The biggest difference is that your donation is going to National Christian Foundation, and thus your tax receipts will come from them.
But, wait! I want my gift to go to Faith Academy!
It will. When you make a donation to Faith Academy’s single charity fund at National Christian Foundation, we receive the donation. They just handle the administration of the gift. We receive all the documentation of donations/donors so that we can keep track of pledge fulfillment as well as donor acknowledgements within our business office.
Why not just set up a standard credit card giving tool?
Establishing a fund with National Christian Foundation allows up to expand giving opportunities to non-liquid gifts, such as stocks, business interests, land, and other appreciated assets. There is also an opportunity for completely anonymous giving for those who desire it. Partnering with National Christian Foundation will help us grow the ways that donors can give without increasing our school’s operating costs.
Does Faith Academy pay a fee for this?
Yes, but it is very small. For liquid gifts, the administrative cost is based on the average daily balance at an annual rate of 1%. Because we will generally not leave money in our fund, but transfer it to Faith Academy’s banking accounts monthly, the fee will be 1/12th of 1%.
What about credit card fees? Should I use the e-check option?
National Christian Foundation has negotiated very competitive credit card processing fees. The fees are as follows: AMEX 3.1%, Discover 2.2%, Master Card 2.5%, Visa 2.5%. The better option for Faith Academy is for donors to choose the e-check option. We pay no processing fees for this type of transaction. You will be receipted for the full amount of your credit card or e-check contribution.
Can I still just give the “old fashioned” way by writing a check and mailing it or driving it to the school?
Absolutely! This is just an option that we hope is helpful. Our mailing address is Faith Academy, P.O. Box 1240, Marble Falls, TX 78654 and our physical address is 3151 E. 1431, Marble Falls, TX 78654.
Faith Academy’s Single Charity Fund Accounts: