| MONEY MATTERS
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MONEY MATTERS
(Rev. 1/24/02)
We're in the process
of consolidating all financial matters into one central page to
simplify access to this information. Please bear with us while
we move things around and try to rationalize access. Thanks.
CORPORATE &
COMMITTEE OPERATIONS
Links to corporate
and committee financial
records.
THE PATRIOT FUNDS
Funds established
by, or in honor of, Yorktown Alumni, Staff and friends.
MEMORIALS, TRIBUTES
and ACKNOWLEDGEMENTS
Definitions
TAX TREATMENT
MARKET PLACE
MEMBERSHIP
DONATIONS
MATCHING GIFTS
REGULATORY COMPLIANCE
Why are we
doing this?
Until now, it has
been difficult for someone in the Yorktown Community to give
back to our community by contributing money.
That's one of the
reasons we formed the non-profit Alumni & Friends of Yorktown
High School, Inc., sought, and have obtained IRS recognition as
a 501(c)3 charity. Now your gifts are tax-deductible.
Operations
Results of
operation since inception, balance sheets, and Reunion
Committee Funds.
Scholarships
A list of all known
memorial funds & tributes & special funds created by, or in
memory of Yorktown Alumni, family or friends administered by us,
or others.
We hope to provide
structure to channel that good-will. Thus we are
establishing two merit-based scholarship programs to add to the
existing Patriot Funds. These new scholarships are:
-
The
Yorktown Alumni Annual Merit Scholarship Fund - money
given to this fund will be aggregated until enough is
available to give a $4,000 merit-based scholarship to a
deserving Yorktown graduate to continue their education. All
the principal and earnings will be committed as soon as
possible, so once disbursed, there will be no funds remaining.
This fund will be for those who want to see their
contributions have an impact on a deserving student as quickly
as possible.
-
The
Yorktown Alumni Endowed Merit Scholarship Fund - money
given to this fund will be invested until enough interest and
dividends are available to give a $4,000 merit-based
scholarship to a deserving Yorktown graduate to continue their
education. Unlike the Annual Scholarship Fund - above - the
principal of the fund will remain invested, which means your
gift will continue to work in perpetuity, although it will
take longer to have an impact than if it were disbursed in the
year contributed.
After we've
completed an inventory of all available local scholarships we'll
try to identify and seek funds for under-represented vocations
and facets of the community.
Other Endowment
Funds
o
Yorktown
Alumni Endowed Crew Equipment Fund
An endowed fund
created to finance the purchase of equipment for the Yorktown
Crew.
Capital Improvement Fund
The following fund
was created, and is maintained, by the Yorktown PTA. Rather than
duplicate their effort and create our own fund for the same
purposes, we have agreed with the PTA to publicize and
solicit contributions to this fund which they manage:
-
The Stephen J. Kurcis
Fund - An endowed fund created to honor Mr. Kurcis on
his retirement from his position as Principal of Yorktown High
School from 1978 to 1987. The principal amounting to over
$10,000 is owned and managed by the Yorktown PTA. Those
wishing to contribute funds to this fund, or seeking it's
benefits should contact the Yorktown PTA. If you are
interested in contributing to the PTA Kurcis Fund send a check
payable to the Yorktown PTA Kurcis Fund. The money would then
be put into the Kurcis Savings Account until the Certificate
of Deposit matures. At that time the money will be added to
the Certificate of Deposit.
What other types of
funds are needed? Here's a working definition of
alternative uses of charitable funds for your review.
Additional information is
available on this site at: About
Us>Financials>Funds.
Questions?
Please
contact
admin@yorktownalums.org for details.
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