Making a gift to Fayette Academy:

Private school’s financial support comes only in the form of tuition and
gifts. Fayette Academy was reestablished as a 501(c)3 effective July 2000.
This means that parents and friends may now deduct contributions given to
Fayette Academy. With the 501(c)3 status, the future of Fayette Academy is
limited only by your participation and support of this great institution.

Fayette Academy is vital to the continued growth and economic development of
Somerville and Fayette County. In addition to enjoying an outstanding
academic reputation, the school has remained on a sound financial basis.
Simply put, Fayette Academy’s Board of Directors and Headmasters have done
an excellent job in providing outstanding educational opportunities for our
students on a very limited financial basis.

Fayette Academy continues to provide the children of our area with a quality
education. We are committed to a strong academic curriculum at FA. Our
graduates excel on the college level in universities such as Christian
Brothers, Rhodes, University of Tennessee, Mississippi State, University of
Memphis, Ole Miss, Alabama, and Auburn.

“How can I help Fayette Academy? My gift will have no lasting impact.”
Nothing can be further from the truth. If you do anything - if it’s only
one thing - then you have made this school better; you have made it a place
that others will want to attend. You are part of an improved today and an
ensured tomorrow. Our doors remain open only because of you and your
commitment to the future of this community.

MATCHING GIFTS
Donors can double their donations by taking advantage of their employers’
matching gifts program. Fayette Academy is grateful to these companies for
their generosity. Check with your employer to see if your company has a
matching gifts program.

GIFTS IN KIND
Gifts in kind are donations given to the school in forms other than monetary
donations.

BEQUESTS
Your including the school in your will is an effective way to make a gift,
which may not be possible during one’s lifetime. A bequest is the simplest
and most common form of a planned gift. In addition, gift and estate taxes
are reduced or avoided.

APPRECIATED REAL ESTATE
If you have a piece of appreciated real estate you want to sell and are
aware of the capital gains tax, donate the property to Fayette Academy and
avoid capital gains tax. You receive the benefit of a major charitable
deduction for the full-appraised value of the property. The school can sell
the property and use the funds for necessary improvements or endowment.

LIFE INSURANCE POLICIES
A life insurance policy is a good way to make a gift to Fayette Academy at a
future date. Premium payments are fully tax deductible. In order to
deduct the
premium, the school must be designated as both owner and beneficiary of the
policy.

DONOR-ADVISED FUNDS
The income generated by a donor’s gift provides the dollars to begin a
donor-advised scholarship fund. By creating a donor-advised scholarship
fund, the donors make a gift today and then recommend the
scholarships to be awarded from that fund over time.

ENDOWMENT GIFTS
Endowment gifts are added to the school’s investment portfolio resulting in
income to fund special programs. These gifts can be made in the form of a
pledge to be fulfilled over a number of years or as a single annual
gift. Endowment gifts allow Fayette Academy to keep
the students we have, attract new students, retain
and recruit excellent faculty, and keep tuition
increases to a minimum.

ANNUAL FUND DRIVE
The annual fund drive is one of the most important avenues of giving for a
school. Annual gifts received from friends, parents, grandparents, faulty,
alumni and corporations are the lifeblood of any school and are
vital to meeting current needs and enhancing student programs and faculty
recruitment.