PTO Financial Matters

The PTO Board will be kicking off the budget process for the next school year at its meetings on April 2.  Between April and June,

we will be focusing on funding priorities.  Please check out our budget page on the PTO website for both current year and prior year

financial information following this link – PTO Budget – as well as the budget process calendar.  Your voice in this process will be

extremely important.  We are available at our next Principal/Parent/PTO Coffee on May 15 to answer/discuss any question/concern

regarding the PTO’s financial matters.  All questions and suggestions are also welcome via an email to PTO Treasurer, Dan Xia at

danxia@verizon.net.

 

Our PTO is an exempt organization as described in Section 501(c)(3) of the Internal Revenue Code.  Your contribution may be tax

deductible.  Consult with your tax advisor.  If you use the DONATE button on the PTO’s website to make an online donation using

a credit card, you will receive an automatic email acknowledgement for your tax records in January.  When using the DONATE

button, make sure you enter your child’s name and grade.

 

Workplace Giving   Are you interested in making each $ you donated go even further?  Here’s a suggestion from a parent.  Each

year, billions of dollars are donated to America’s charities through workplace giving campaigns.  An easy and efficient way to make

tax-deductible donations to charities through payroll contributions that you’ve probably had the opportunity to participate in, if you

work at a corporation or for the federal government.  You can easily double or triple the value of your contribution to the PTO and

get a tax deduction without extra paperwork.  Many companies have a gift matching program and “match” their employees’

charitable contributions. For example, if you donate $100 to the PTO, your employer may donate an additional amount—some even

double the amount of a personal contribution. Your $100 could become $300 to support PTO programs for our children.  Moreover,

these contributions can often be made through a “pre-tax” account, with the personal portion of the donation taken out of your W-2

taxable income.  Some companies provide the guidelines and forms to fill out online, or you can check with your Human Resources

office.  It’s worth checking out!