Giving
It takes a lot to become one of the nation's top Christian colleges. It also requires a lot to remain there.
That’s why Palm Beach Atlantic University counts on people like you — men and women who share our vision of providing students with a Christ-centered education that gives them the foundation they need to be the strong, ethical leaders of tomorrow.
Giving to PBA
If you want to support PBA’s goal of enlightening minds, enriching souls and extending hands, please give in one of the following ways:
The act of participating is more important than the size of your gift. Every little bit helps as your gift can spur many more. The Lord rewards a faithful steward!
"Give and it will be given to you: good measure, pressed down, shaken together and running over will be put into your bosom. For with the same measure that you use, it will be measured back to you." Luke 6:38
'Fiscal Cliff' Legislation and Giving
Dear Friends of PBA,
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The U.S. House of Representatives recently passed "fiscal cliff" legislation, which did not include a hard dollar or a percentage cap on the charitable deduction. President Obama is expected to sign the legislation into law.
Under terms of the deal, the marginal tax rate for individuals earning more than $400,000 ($450,000 for households) is 39.6 percent. Marginal tax rates for taxpayers earning under $400,000 remain the same. Since itemized deductions, including the charitable deduction, were not capped in the deal, an individual’s charitable deduction rate remains equal to their marginal tax rate.
While the charitable deduction is not capped, the new law does reinstate the so-called “Pease limitation,” a provision that affects taxpayers earning more than $250,000 ($300,000 for households) and reduces their itemized deductions, including the charitable deduction, by three percent of the difference between their income and a threshold amount.
In addition to preserving the charitable deduction, the new law also:
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Permanently extends the estate tax, exempting the first $5 million of an estate and taxing the remainder at a 40 percent rate. Going forward, the $5 million exemption is indexed for inflation
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Includes a one-year extension of the IRA charitable rollover which expires on Dec. 31, 2013. While the provision is not fully retroactive to Jan. 1, 2012, the bill does enact special transition rules for IRA gifts made in Dec. 2012 and Jan. 2013.
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Extends various higher education tax credits, including the American Opportunity Tax Credit for five years and a one-year extension of the above-the-line tuition deduction.
We will continue to keep you informed of tax law changes as we encourage your support of Palm Beach Atlantic University.
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Sincerely,
Vice President for Development
Speaking of PBA...
“When administrators and parents of students at Palm Beach Atlantic approached me to say they needed to raise money for their athletic program, I didn’t hesitate to support their efforts. I am part of the community and simply wanted to do my share.”
- Jack Nicklaus, Golf legend & host of A Day with Jack golf tournament to benefit PBA
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