Care Share

It's that time of the year, and the Putnam City Care Share Team is already planning for the holidays.  In years past, you have graciously helped the Care Share Project by adopting a family(s).  We were able to help 400 Putnam City families (1,025 students) in need last year.  We appreciate your support, and hope that you will continue your support this year.  Please see the attached forms for further information on how you can help again this year.

Care Share explanation.pdf

Care Share guidelines 2011.pdf

Group Care Share Adoption Form 2011.pdf

Care Share Adoption Form individuals 2011.pdf

Thanks again for your continued support of Putnam City students!

 Donate Now

The Putnam City Foundation has made a large impact on the Putnam City community. Many of our supporters want to financially support the Putnam City Foundation beyond contributing to the annual fund, golf tournament and banquet.  We are making this possible through our Planned Giving Program.

Planned Giving is a process of designating charitable gifts so that donors can realize their philanthropic objectives while maximizing tax and other financial benefits.

The Year-End IRA Charitable Rollover

As the end of the year approaches, we would like to remind you of a method by which you can make a charitable gift to the Putnam City Schools Foundation from your IRA and not create an income tax liability.

Each Year, IRA owners age 70.5 and older must take a required minimum distribution (RMD). The RMD in nearly all cases is calculated using the Uniform Table. Distributions generally commence at age 71 at approximately 3.8% and increase each year based on the age of the IRA owner.

The vast majority of IRA owners with larger balances take the RMD during the months of October, November and December. Because many individuals do not require IRA funds immediately for living expenses, by delaying an RMD until the end of the year they benefit from additional tax-free growth in the IRA. In most cases, when funds are removed from an IRA, taxable income is created.

The Good News—Under the IRA charitable rollover legislation, IRA owners age 70.5 and older may transfer up to $100,000 from an IRA directly to a qualified charity in 2011. Such a transfer is not included in taxable income and qualifies for the IRA owner’s RMD. A husband and wife may each transfer up to $100,000 from his or her personal IRA account to a qualified charity and avoid income tax being paid on the amount transferred.

IRA custodians generally have IRA distribution forms that may be obtained by mail or downloaded from their web sites. If your IRA custodian does not have a specific form, please feel free to contact us at the Putnam City Schools Foundation and we will gladly assist you with the completion of your distribution form. The gift should flow from the custodian directly to the chosen charity.

For reporting purposes, the IRA custodian will send form 1099 to the donor and report the full qualified charitable distribution amount. The donor will report the total distribution on Line 15A of form 1040, but will report only the taxable distribution on Line 15B. If the qualified charitable distribution is the only IRA distribution because it fulfills the RMD, then the number on Line 15B will be zero.

Our thanks go to Crescendo Interactive for providing this information to us.

We hope we are the first to wish you Happy Holidays.

For more information please contact the Foundation office.

Paul and Ann are members of the greatest generation and proud graduates of Putnam City High School 1945. They are founding members of the Leo and Mary Ruth Mayfield Legacy Society along with being the "guiding lights" for the Lunch Bunch--Putnam City alumni from the 20's, 30's, and 40's who meet for lunch monthly. Paul and Ann publish a newsletter for the group and actively solicit donations from their Lunch Bunch friends with the goal of adding the group to the membership of our Legacy Society. If you have the opportunity to visit with Paul and Ann, you will quickly understand how Tom Brokaw originated the term "Greatest Generation". Your consideration in joining the Long's as members of the Legacy Society will enhance educational opportunities for Putnam City students and teachers.

When you move from a comfort zone and take a major step in the creation of a Legacy Society, there is always a moment of doubt about the success of the effort. Larry and Suzy are not Putnam City Schools graduates but their two sons are. These two beautiful people stepped right up when they learned about the new Leo and Mary Ruth Mayfield Legacy Society and made a generous gift of 6 memberships--two for themselves and 4 for their sons and daughters-in-law. In addition, the Lemons created a fund which provides a $1,000 match for others who wish to join the society. The Lemon's gift is truly making a difference in the Foundation's ability to fulfill its mission of enhancing and enriching educational opportunities in Putnam City Schools. Your consideration in joining the Lemon's as members of the Legacy Society will be appreciated.

Because of the meaningful role of Leo and Mary Ruth Mayfield in the history of Putnam City Schools, the Putnam City Public Schools Foundation has created the Leo and Mary Ruth Mayfield Legacy Society.  To demonstrate your passion for excellence in education and become a founding member of the Legacy Society, please call us at 405-495-5200 or email cgist@putnamcityschools.org.  Caroline Gist or Vernon Cook will visit with you personally.