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THE CRESSET ACADEMY EDUCATIONAL FOUNDATION (CAEF)
The mission of the Cresset Academy Educational Foundation is to provide a financial foundation that will enhance the Christian educational opportunity of every student enrolled. Several distinctives of the Foundation include
Founded as a charitable, non-profit organization in March 1998
Internal Revenue Service granted the CAEF full tax-exempt status under section 501(a) of the Internal Revenue Code
The Foundation is a tax-exempt organization as described in section 501(c)(3) of the Internal Revenue Code
Gifts are tax-deductible for both personal and corporate purposes
The foundation accepts donations in support of scholarships, capital improvements, athletics, WINGS, fine arts, building improvements, transportation and related needs. Donations may given in the form of planned or outright gifts.
OUTRIGHT GIFTS: CASH, STOCK GIFTS, PERSONAL PROPERTY, REAL ESTATE, DONATED EQUIPMENT AND MATCHING FUNDS.
PLANNED GIFTS: WILLS, BEQUESTS, CODICILS, LIFE INSURANCE, LIFE INCOME PLANS, AND CHARITABLE LEAD TRUSTS.
Funds from scholarship endowments are transferred to the Academy scholarship fund and designated funds are also transferable to the Academy as needed for specific projects.
The Annual Fund is a campaign to raise capital beneficial to the operations and mission of Cresset Christian Academy. The Fund is highlighted by distinct events that include BoosterThon, The Christmas Fund and the Spring Harvest. Each year specific goals are set and the events are given a specific theme to encourage student and family particpation.
2018-19 gifts were used to assist families and put multimedia screens into Middle School classrooms.
2019-20 gifts are being used to assist families and to purchase technology for Lower School classrooms. Previous gifts were also used to purchase shelving for classrooms and the library. Funds were also used to provide test preparation for high school students.
2020-21 plans are to use gifts to integrate new technology into the High School.
2021-22 plans are to use gifts to benefit our youngest students.
Gifts to the Annual Fund are considered gifts to the CAEF. Once received, they are then distributed and designated for specific operational or mission purposes