Frequently asked questions

To Donate by Check:1. Press the Box on the right that says, "Get Mail-In Contribution Form" or To Donate online by Credit Card or PayPal 1. Press the Blue PayPal (PP) icon;2. Enter the Amount you wish to donate;3. Add a slight increase to help cover the PayPal cost, about 2-3%; 4. From the dropdown Menu Select the Scholarship you want to donate to.5. Select "Donate with PayPal"or "Donate with a Debit or Credit Card".6. Enter in the information required.

No. If you would like to donate by using your credit card select "Donate with a Debit or Card Card" in the dialog box.

The Sunnyside High School Alumni Fund has established an Endowment Fund that continues to grow while the earnings pay for scholarships. The Endowment provides the investment capital needed to sustain its efforts into perpetuity. Unless donations are marked otherwise, all donations are deposited in the Fund's main Endowment Fund. The Class of 1964, 1967 and the Bicentennial Class of 1976 have started their own Endowments. The Fund tracks contributions by class, and we hope each Class's donations continue to grow. To date, the Classes of 1964, 1967, 1972 and the Bicentennial Class of 1976 have met the Class Challenge! Can you help?

Using your mouse scroll down to the bottom of the page and find the link "Contact"Once clicked a form will be brought up to ask your question. Once submitted we will email you a response, as well as, post the question and response for everyone to see. (you'll remain anonymous) Thanks,SHS Alumni Fund

The answer is - It depends. You must have money in a traditional retirement account (IRA). Any traditional IRA owner or beneficiary who is at least 70½ years old can use the qualified charitable distribution (QCD) rule to exempt their donation from taxation. The age limit here applies to the exact date on which the IRA owner turns age 70½. For example, if an IRA owner turns 70 on February 15, they cannot make a QCD until Aug. 15. You can donate up to $100,000 individually or $200,000 if married and filing jointly. The donation cannot be made through the donor's own bank account but directly by the holding investment company. Typically, the Broker will make the Distribution check payable to the Alumni Scholarship Fund and then mail the check to the donor and ask them to mail the contribution to the Alumni Fund. Your real tax savings is 20%. i.e., to donate $1,000 with after-tax dollars will cost a contributor about $1,200. Using a "QCD" strategy, you will donate without the IRS taxing your donation in any way. The receiving charity must also be a qualified 501(c)3 organization. Vehicles such as charitable gift annuities will not qualify. Finally, the charity must substantiate the donation amount with a written receipt, which we will provide. For more info:Qualified Charitable Contribution

If you are required to take a RMD from your IRA, a donation to a Tax Exempt Organization like the Sunnyside High School Alumni Scholarship Fund can count towards your RMD and will not be taxed at the 20% rate.