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How To Help

Tax Benefits

Twin Falls School District educators are working diligently each day to create a positive and creative learning environment. Their passion to make a difference is helping to increase academic achievement, heighten engagement in learning, and instills a more positive outlook on life and a student’s future. Their efforts are creating an environment that is conducive to learning, where all students feel comfortable expressing themselves and are able to work cooperatively with one another. 

You can make a difference! You too can be a change agent in a variety of ways. One way is to support teachers by making donations directly to their classroom(s). The majority of educators within Twin Falls School District find themselves digging deep into their pockets and sacrificing their hard-earned income in support of providing and/or strengthening learning opportunities that are not funded by traditional means.

When you donate to a teacher, the funding funnels through Twin Falls Education Foundation and goes directly to the specified teacher. Because Twin Falls Education is a recognized nonprofit organization, you are eligible to earn a tax deduction for the donation and your generosity will qualify for an Idaho tax credit!

What benefits do I receive by giving to the foundation? 

Your generous gift provides teachers the opportunity to implement creative and innovative learning opportunities above and beyond what state funding mandates.

Because of your generosity you can receive a tax deduction and other tax advantages when giving.  Twin Falls Education Foundation is a recognized non-profit 501(c)(3) organization. 

Your donation will go further if you or your spouse is employed with a company that matches gifts. Consult with your company’s Human Resource Department to see if your employer has a matching-gift program. 

Charitable gifts to the Education Foundation can be claimed as a tax deduction on both federal and state income tax returns.  To claim the Federal deduction, you must itemize your deductions and file a Schedule A Form.  In addition, Idaho taxpayers are entitled to claim a tax credit for such donations whether or not they itemize.  For married taxpayers, a 50% credit is allowed for donations up to $2000, resulting in a maximum credit of $1000.

Benefits of Support

Contribution Amount $50 $100 $250 $500 $2000
Federal Tax Savings $12 $24 $60 $120 $440
Idaho State Tax Savings $4 $7 $19 $37 $120
Idaho Tax Credit $25 $50 $125 $250 $1000
Total Savings for the Year $41 $81 $204 $407 $1560
Actual gift cost

The above table assumes the persons making the contributions are married, filing a joint return, itemizing their deductions, and in the 24% tax bracket for federal and the 7.4% tax bracket for Idaho. For questions related to the tax credit, consult your tax advisor for more information and clarification.  

Corporation Contribution Amount $10000
Federal Tax Savings $2100
Idaho State Tax Savings $600
Idaho Tax Credit $5000
Total Savings for the Year $7700
Actual gift cost

How will my donation be used?

Your donation may be deemed as undesignated, designated or both.  Additionally, you may choose to extend your contribution in honor or in memory of someone special.

An undesignated contribution enables the organization to support the most pressing needs in addition to building up the reserves to support key initiatives and programs.  Undesignated funds ensure the growth of the foundation. (In order for the Foundation to grow- undesignated giving is imperative.)