The Foundation for Eastern Christian School provides many opportunities for parents, grandparents, friends, business sponsors and others to give to the school. Discover more opportunities about how you can support Eastern Christian School:
Since 1892, Eastern Christian School has served parents and children by providing quality Christ centered education.
Over 6,500 Eastern Christian students have been educated and equipped to take their place in our homes, churches and communities. In order to preserve this rich heritage, the Eastern Christian School Endowment Fund was established in 1960.
The EC Endowment Fund’s purpose is to provide a permanent source of income for Eastern Christian School to help keep Christian education affordable for generations to come. Donors contribute to the Endowment Fund with the understanding that the use of their gifts is restricted to this purpose. The actual amount of all Endowment Fund gifts will always be retained. The annual earnings from the Fund are used pay operating expenses of the schools and thus reduce the amount of tuition that must be paid for each student. Gifts to the Endowment Fund under this arrangement are truly gifts that keep on giving.
The Endowment Fund is expected to contribute about $450,000 to the operating budget of Eastern Christian School each year. This is an annual contribution of approximately $600 per student toward his or her cost of Christian education. Without this Endowment Fund contribution each student’s tuition bill would be about $600 higher.
Many gifts, including gifts of property, life insurance or securities contributed over the years have been given in loving memory or honor of a friend or relative or as the result of someone’s dedication and commitment to Eastern Christian. These gifts continue to be a source of blessing to EC and help provide quality Christian education for all of our students.
Donors to the Endowment Fund will be listed in the Designated Gifts pages of Eastern Christian’s Annual Stewardship Report.
For more information regarding the Endowment Fund, please contact the EC Foundation office at 973-427-9294 or by email to Foundation@easternchristian.org. For assistance in planning a gift to Eastern Christian, please ask for David A. Visbeen, Executive Director.
From time to time, the Eastern Christian School Board of Directors approves the organization of a Capital Campaign to finance major events such as new construction, major renovations to existing buildings and infrastructure, purchase of new operating equipment and generally anything that, by agreement, may not impact the operating budget and /or the cost of educating our students.
Eastern Christian School has experienced several successful Capital campaigns in the past and is currently planning for a Capital campaign to underwrite the cost of security upgrades and classroom renovations on all three campuses as well as expansion of athletic facilities at the High School.
Generally the campaigns are managed in house under the guidance of the Executive Director of the Foundation for Eastern Christian; although from time to time outside professional help may be secured to assist in the organization of the campaign. Campaigns generally are developed for a three-year period, permitting the donors to pledge to the campaign over an extended period of time.
Solicitation of members of the Board of Directors and the Foundation Board before a general community solicitation begins is desirable so that the community becomes aware of the buy-in by the leaders of the school for the project, thereby encouraging their own participation. In addition to cash donations and pledges, gifts in kind are also solicited and welcomed.
For more information about our Capital Campaign, please contact the EC Foundation Office at email@example.com or call 973-427-9294.
Scholars Fund for Current Aid
Gifts to this Fund will be used in the current or next succeeding school year to fund variable tuition for students from needy families who have applied for variable tuition and who have been determined to need assistance. The Variable Tuition Committee makes the final determination.
Elise Kathleen Gorter Endowed Scholarship Fund
The Elise Kathleen Gorter Endowed Scholarship Fund originated with a gift from Steve and Laura Gorter in 2004 in memory of their daughter, Elise, a student at Eastern Christian Middle School, upon her untimely death. All gifts in memory of Elise and any Endowed Scholarship Fund gifts without restriction are added to this fund. The purpose of the Fund is to grant scholarship aid to needy students attending Eastern Christian School from the income earned on the fund balance.
Adrian Visbeen Scholarship Fund
The Adrian Visbeen Scholarship Fund originated with gifts from the Visbeen family, friends and the Visbeen Construction Company, Inc., in memory of Adrian “Bud” Visbeen, upon his untimely death. All gifts in Bud’s memory will be added to this fund. The purpose of the Fund is to provide scholarship aid to students entering their senior year at Eastern Christian School who have demonstrated a significant commitment to service and whose families are in the construction trades. Financial need will also be considered.
Richard J. Vander Plaat Service Award
On March 13, 1990 The Richard J. Vander Plaat Service Award was established with a gift from the Vander Plaat family to honor Richard, a long time supporter of Christian Education and Eastern Christian School. The scholarship was awarded annually recognizing a graduating student from ECHS who had given of their talents to serve Christ in this community after the example of Richard J Vander Plaat
Following the death of Richard’s wife Henrietta, the scholarship fund was significantly increased with a bequest from her estate. In addition, the award criteria was changed. Multiple students will be selected each year based on funds available. Award will be based on the students’ commitment to service and financial need. Scholarship awards will be made to current EC students and the scholarships will be credited to Eastern Christian School tuition.
Mephibosheth Scholarship Fund
In 1997, Peter De Korte established this fund, the income from which is to be used to provide tuition assistance to students who have physical/sensory disabilities. Mr. De Korte established this fund out of gratitude to God for all He had done for him, and a desire to share some of the blessings he had received with others who had disabilities.
Scholarship Aide Fund
This Fund originated with a grant from the Paterson City Missionary Society in 1989. Endowed Scholarship Fund gifts that are restricted to aiding inner city students are added to this fund. The balance in this fund is currently in excess of $83,000. The purpose of the Fund is to aid inner city students in the payment of their tuition expenses at Eastern Christian Schools. Only the income earned on the fund balance may be used for tuition assistance purposes.
Other Endowed Scholarships
Eastern Christian School currently administers several scholarship funds that provide scholarship aid for post-high school education for Eastern Christian graduates.
These funds include:
Brett Zuidema Scholarship Fund
Henriette & Kathryne Houseward Scholarship Fund
Smith-Shute Scholarship Fund
Math Scholarship Fund
Writing Scholarship Fund
Hoitsma-Jeffer Scholarship Fund
Harold Philips Scholarship Fund
Gifts of Securities
Donating appreciated securities to the Foundation for Eastern Christian School is simple.
Securities Held Electronically
If your securities are held “in street name” with your broker, send your broker a letter of authorization to transfer (not sell) shares of specific stock(s) to the Foundation for Eastern Christian School’s brokerage account.
Your instructions should specify your account number; the date by which you wish to complete the gift, the name and number of shares you would like to donate and the purpose of your gift (e.g. unrestricted gift to the Annual Fund, gift to another Fund or for a specific purpose, etc.); and have your broker contact David A. Visbeen, Executive Director of The Foundation for Eastern Christian School at 973-427-9492 for transfer information.
If you are transferring stock from a joint account, both account owners must sign the letter. You can contribute stock from several companies held within the same account. You can also make a single transfer for multiple purposes.
Please send a copy of your instruction letter to Foundation Office, Eastern Christian School, 50 Oakwood Ave, North Haledon, NJ 07508-2449 or fax 973-427-9775 or via email to firstname.lastname@example.org.
Please, check with your broker soon after sending the letter to ensure that the transfer is complete, especially if you initiate this gift shortly before December 31.
Securities in Certificate Form
If you have stock or bond certificates, please contact the Foundation Office to arrange for delivery.
Foundation for Eastern Christian School
Direct phone: 973-427-9294
Direct Fax: 973-427-9775
Very few mutual funds network with brokerage firms. In most cases we have to open an account with mutual fund companies to handle each individual mutual fund gift. Since the enactment of the USA Patriot Act of 2001, the opening of a mutual fund account has become complicated and time consuming. Please contact the Foundation Office at least a month in advance.
Because of their complexity, securities gifts are best made by December 15.
Please note: According to IRS tax code (Regulation 1.170A-1(b)), gifts of securities received via DTC will be acknowledged using the mean value of the stock on the date it is transferred into the Foundation’s account. Gifts of stock certificates received by the Foundation Office at 50 Oakwood Ave, North Haledon, will be acknowledged using the mean value of the stock on the date it is received by the Foundation Office.
If you own publicly traded stocks or bonds that have appreciated in value and are long-term in nature (owned for more than 12 months), you may want to consider the income tax benefits of giving securities over cash:
Here’s how it works:
|Gift of Stock
||Gift of Cash
||(tax savings @ 36%)
||(capital gains tax savings*)
||(total tax savings)
||(your gift cost)
*$2,000 gain @ 20% capital gains tax. (The 20% rate is used for example only, your actual capital gains tax rate will vary based on the type of securities and the amount of your other taxable income.) When you donate appreciated securities, you owe no capital gains tax on the appreciation.
What about stocks that have dropped in value?
If you own stock which has dropped in value, below your cost, consider selling this asset instead, and donating the proceeds. By selling the asset and then making a gift, you will be able to claim a capital loss deduction on your income tax return, and also claim an income tax deduction for your charitable gift.
Thank you for your support of Eastern Christian School.
Gifts in Kind
A donor may make a gift of tangible property to Eastern Christian for its use or liquidation. Gifts in kind include books, equipment, furnishings, real estate, personal collections and other personal property. These gifts should be pre-arranged with the Foundation Office to ensure that the gift may be used by the school. Please call the Foundation Office at 973-427-9294 to arrange a gift in kind to Eastern Christian.
The donor of gifts valued at more than $5,000.00 must provide the Foundation Office with an appraisal from an independent qualified source. IRS Publication 561 explains how to determine the value of donated property. http://www.irs.gov/pub/irs-pdf/p561.pdf
If you would like additional information regarding a gift you would like to make, please contact the Foundation for Eastern Christian School at email@example.com or by telephone to 973-427-9294.