As you plan for next tax season, please consider a gift of technology to Christian Brothers School that can help reduce your Louisiana taxes.
The State of Louisiana will award donors a tax credit of up to 40% for any gift of technology to CBS (LA Dept of Revenue R.S. 47:37 and 47:287.755 - Credit for Contributions of Tangible Property of a Sophisticated and Technological Nature to Educational Institutions).
A TAX CREDIT is taken after the tax is calculated, thus directly reducing the amount owed.
The example below compares a $5,000 cash contribution to a $10,000 technology contribution. With the latter, Christian Brothers School receives double the benefit, while your “out-of-pocket” cost is lowered.
CBS will gladly provide all forms for tax credit verification. Contact Michael Prat or Rick Reso in the Development Office at 504-486-6770 for more information.
CBS spends approximately $150,000 a year on technology. Making a technology gift directly supports our operating budget and will be considered an Annual Giving contribution from your family. The up to 40% TAX CREDIT offers a significant opportunity for both the school and its friends-please consider making a technology gift to Christian Brothers School.
A minimum gift of $2,000 is required to qualify for the state tax credit. Your technology gift will be counted as your contribution to this year’s Annual Giving.