ALL CLASSES LIMITED TO 20 STUDENTS, PS & K-8
WELCOME TO IC
Immaculate Conception Catholic Schools prepares students to think and act critically, creatively, and collaboratively; to work to the best of their ability; and to develop self-awareness, responsibility and curiosity. Ideal class sizes and dedicated faculty help IC students thrive, not just succeed.
CARES Act and how it applies to donations to IC Schools:
Always check with your tax professional.
In March, Congress passed the CARES Act which made some modifications for Charitable Giving this year. Those who support charitable organizations in 2020 an above-the-line deduction of $300 for cash contributions, whether or not they itemize their deductions. The CARES Act suspends the 2020 cap of 60% of adjusted gross income limit for all charitable giving and increases it to 100%.
New Deduction Available
Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income. A donation to a donor advised fund (DAF) does not qualify for this new deduction.
New Charitable Deduction Limits
As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions. Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%. The old deduction rules apply to gifts to private foundations. The higher deduction does not apply to donations directly to a DAF.
For updates about IC's response to the coronavirus, please visit our "News & Events" tab.
29500 Westbrook Avenue
Warren, MI 48092 USA
MON - FRI, 7:30A-3:30P
IC SCHOOLS 2020
VIRTUAL BENEFIT BANQUET
Fr. Daniel Schaicoski, OSBM
25 Years of Priestly Ordination
23 Years at IC Schools
Each Fall, IC Schools hosts a benefit dinner to raise funds and awareness for Immaculate Conception Catholic Schools. Due to current events, we have gone VIRTUAL! Please read Fr. Daniel's letter to the community requesting your generous support of our Virtual Benefit Banquet HERE.
This year, we dedicate our Virtual Benefit Banquet to Fr. Daniel Schaicoski, OSBM in honor of his Silver Jubilee of 25 years of service to the Church and 23 years of dedication to IC Schools.
All proceeds from the virtual banquet benefit IC Schools, our students, school programs, and families in need of financial support.
VISIT OUR VIRTUAL BANQUET WEBSITE TO MAKE A DONATION TODAY
For almost 90 years, IC has faithfully served the families of Metro Detroit. This year, we face the unique challenges of returning to campus during a pandemic. Our top priority is the health and safety of our students. We have added a number of new protocols, but these safety measures come with additional costs not normally in our budget. This is on top of much need improvements like updated textbooks, repaving the parking lot, and a new boiler system. Immaculate Conception Schools has set a fundraising goal of $375,000 for the 2020-2021 school year. We are counting on the community and your generous donations to help us remain #ICBengalStrong for another 90 years.