Give A Gift

SAEF welcomes gifts in any amount from alumni and friends of the Springfield School District. Your gift is tax deductible. You can designate your gift as being in memory of a loved one, or specify Academics, The Arts or Athletics. 

To use your credit card, click on the Donate Now button in the box to the right.

You can also mail your check or money order to:

Springfield Area Educational Foundation

111 West Leamy Avenue

Springfield, PA 19064-2396

Contact: Dr. Gary Mattei, 610 938-6006

SAEF's fundraising efforts are indicative of the its commitment to preserving the values and advancing the goals of the Springfield School District for generations. Through SAEF, donors can help underwrite ongoing programs and special initiatives. The endowment allows donors to underwrite scholarships, and support current programs.

SAEF is a 501(c)(3) non-profit educational organization.  Contributions to the Foundation are invested carefully, in consultation with an experienced financial advisor, Jeffrey Lehman of Lehman and Associates. Mr. Lehman is a past president of the Springfield Board of School Directors and the father of four SHS graduates.

 

Priorities

Gifts may be made to the general endowment fund to be used at the discretion of the Foundation’s Board to establish scholarships or support other initiatives of the Foundation. Donors may also designate their gifts for support of existing scholarships or programs. Some current priorities include:

• Celebration of the Arts
• Art, Music, and Theater Programs
• Literacy initiatives
• Science and mathematics programs
• Technology applications in education
• Athletic Programs and Facilities
• Student leadership programs

Prospective donors can consider funding an “annual gift” endowment, the income from which will ensure a yearly gift in the donor’s name to the Foundation in perpetuity.

Prospective endowment donors are encouraged to discuss other specific educational interests with the Foundation representatives to determine compatibility with the Foundation’s mission and goals.

 

Types of Gifts

There are a number of ways to provide support for the SAEF’s activities, while gaining potential tax benefits. An outright gift or bequest is a typical means of contributing to the endowment. Contributions may be in the form of cash, real estate, appreciated securities (stocks, bonds, mutual funds), or a life insurance policy. Generally, such gifts afford significant tax benefits for the donor. Indeed, gifts of appreciated assets can both avoid capital gains taxes and provide a charitable deduction at the market value.

 

Bequests 

A bequest to the Springfield Area Educational Foundation is a gift conveyed in a donor’s wills as part of the disposition of his or her estate. It may be a specific amount or percentage of the estate, real estate, certain types of tangible property, or the remainder of a trust. A bequest is not subject to federal estate tax or state inheritance tax. A will is, of course, essential if one wishes to make a bequest.

 

Life Insurance

Many people find that, as their family responsibilities diminish, they no longer require the protection of life insurance. In such a case, the Foundation may be made the beneficiary of a donor’s life insurance policy. The donor receives an immediate charitable income tax deduction for the “present value” of the policy (typically the cash surrender value) and saves estate taxes. If the donor continues to pay the policy premiums to maintain the policy in force, he/she is entitled to an income tax deduction for each year the premiums are paid. A donor may also make the Foundation the beneficiary of a new insurance policy and save on both income and estate taxes.

Appreciated Securities

There are special advantages to donating appreciated securities to the Springfield Educational Foundation. If a donor is liable for capital gains taxes resulting from the sale of appreciated securities, he/she can reduce the tax liability by contributing them to the Foundation. While a contribution from current income may provide a charitable deduction up to as much as 39.6%, depending upon a donor’s tax bracket, a donation of appreciated securities—e.g., stock or mutual fund shares—will earn a tax deduction for the full fair market value of the gift and avoid the capital gains tax.