P ‘29, ‘32
Far Hills Fund
Involved. Inspired. Invested.
Our students inspire us every day, and we support each student to BUILD UP their love of learning. Every gift to the Far Hills Fund helps us attract and educate the best teachers, provide unique experiences, advance our innovative technology, and enhance our student activities.
‘92, P ‘26, ‘26, ‘29
‘92, P ‘25, ‘26
P ‘23, ‘27, ‘30
P ‘25, ‘27
P ‘27, ‘29
The Far Hills Fund, formerly known as the Annual Fund, impacts every student every day. Each year, it provides critical funding to support our cutting-edge curriculum, provides robust teacher professional development, offers unique student activities, ensures we have the tools and technologies to move our students forward to grow emotionally and educationally.
Like most independent schools, tuition only covers about 90% of the cost of education. As a community, we must raise $1.1 million in philanthropic support to sustain and expand our exceptional education programs at Far Hills.
So, when you make a gift, it's not "just a donation." It's an investment in the educational and emotional growth of our students.
At Far Hills, we know that every donor is different, and the reason you choose Far Hills for your child(ren) may impact the area you'd like to support. All of the Far Hills Fund donors have the opportunity to allocate their gifts to six areas of distinction. By picking one, you ensure that your gift is allocated in a way that is meaningful to you and your family.
All Far Hills Fund donors have the opportunity to allocate their gift to one of six areas of distinction:
We’re ALL IN! Are you?
A Special Thank You to our 2021–22 Far Hills Fund Committee!
Far Hills Fund Chairs
John and Anne Albright, P ‘29, ‘32
New Family Ambassadors
Mark and Kristen O’Donnell, P ‘29
Hope Cooper Walsh, P ‘29
Jessica Saul, P ‘25, ‘27
Eileen Paragano, GP ‘28
Current Parent Ambassadors
Helen Plummer, P ‘21, ‘24, ‘29
Cecelia Chu, P ‘23, ‘27, ‘30
Dolly von Hollen, P ‘22, ‘24
Christina Sudler P ‘30
Chapin Durling ‘92, P ‘26, ‘26, ‘29
Eliza Sutte ‘92, P ‘25, ‘26
Parent of Alumni Ambassador
Beth Mikosh, P ‘17, ‘19
The CARES (Coronavirus Aid, Relief, and Economic Security) ActFor the 2021 tax year, the CARES Act allowable deduction for charitable contributions doubled to $600 for Married Filing Jointly filers ($300 for those filing Single) who take the standard deduction. Note that the charitable deduction for 2021 differs in that the deduction is taken "below-the-line" after taking the Standard Deduction and not "above-the-line," as it was taken for the 2020 tax year. For those who itemize their deductions, the new law allows for cash charitable contributions to qualified charities (such as Far Hills Country Day School) to be deductible up to 100% of adjusted gross income for the 2020/2021 calendar year. While Required Minimum Distributions (RMD) are no longer suspended for the 2021 tax year, RMD recipients who are 70 1/2 or older and plan to take the standard deduction may further increase their support of Far Hills Country Day School and the deductibility of such contributions by making a Qualified Charitable Distribution with their RMDs in 2021.
Qualified Charitable Distributions ("QCDs")
An alternative method of using RMD funds for charitable purposes include Qualified Charitable Contributions (QCDs). QCDs are RMDs that the taxpayer instructs the IRA custodian to pay directly to a qualified charitable organization (i.e., Far Hills Country Day School). When executed properly, QCDs can be excluded from income recognition in any given tax year (up to $100k). When the Secure Act was passed in late December 2019, the age for taking mandatory RMDs from traditional IRAs was increased from 70 ½ to 72; however, QCDs are still allowed at 70 ½. Friends of Far Hills Country Day School that are 70 ½ or older can use QCDs as a way to recognize a federal tax deduction on charitable contributions (even if the standard deduction is taken). When combined with the $300 or $600 charitable contribution via the CARES Act, these particular types of donors can further increase their charitable contributions without having to itemize.
If you have any additional questions on how this may affect your charitable contribution tax deductions, make sure to consult a licensed tax professional.