Ways to Give
Philanthropy at Knox Academy supports our educational model through both annual and long-term giving. Our top priority is the Blazer Fund, which covers immediate needs and program enhancements. Sustainable giving, including endowment and capital gifts, helps ensure long-term stability. Parent contributions and volunteer programs also play a key role in funding the extras that enrich student life each year.
Knox Academy is proud to participate in Mississippi's Children's Promise Act, enabling both individuals and businesses to support our educational mission while receiving state tax credits.
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Eligible business taxpayers—including corporations, partnerships, LLCs, and sole proprietorships—can receive a dollar-for-dollar Mississippi state tax credit for donations made to Knox Academy. The credit can be applied to:
Income Tax
Insurance Premium Tax
Insurance Premium Retaliatory Tax
Ad Valorem Tax (for entities not operating as corporations)
The credit is limited to 50% of the business's tax liability and can be carried forward for up to five years. Please note that contributions cannot be used for other state charitable credits or as deductions for state income tax purposes.
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Individual taxpayers can also benefit from the Children's Promise Act. Married couples filing jointly may receive a tax credit of up to $3,000, while single filers or heads of household may receive up to $1,500.
These credits apply to Mississippi state income tax and Ad Valorem Tax (50% of real property tax liability).
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Submit a request for approval for the tax credit through the Mississippi Department of Revenue's online application system.
Upon approval, make your contribution to Knox Academy.
Provide verification of your contribution to the Mississippi Department of Revenue within 60 days of approval.
Please be aware that tax credits are limited and allocated on a first-come, first-served basis. It's advisable to apply early to secure your credit. mchms.org
For more information or assistance with the application process, please contact info@knoxacademy.org.
Note: This information is provided for general guidance. Please consult with your tax advisor to understand how the Children's Promise Act may benefit your specific tax situation.
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KNOX FUND
Each gift to the Knox Fund – Knox Academy’s annual fund – is tax deductible, every dollar goes to support student success and help keep the school affordable.
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CAPITAL GIFTS
Knox Academy’s campus is the product of capital gifts. As our school grows, so will our need for new facilities. Gifts to Capital Campaigns turn new dreams into reality and benefit future generations. For more information, please contact us.
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ENDOWMENT GIFTS
Endowment gifts secure the school’s financial foundations, and they have the potential to reduce the school’s reliance on tuition and annual giving. Because we are a young school, our efforts to build an endowment are just beginning.
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GIFTS OF APPRECIATED SECURITIES
A great way to give and save money on capital gains taxes. Please share this information with your broker:
Brokerage name: Wells Fargo Securities
Account name: Knox Academy School
Account number: 44015592
Clearing/DTC number: 0141 (First Clearing Corp.)
EIN number: 42-1544637 -
PLANNED GIFTS
Bequests and other planned gifts have a lasting impact on Knox Academy School and serve as a continuing source of support. Your estate planner can help you develop a plan that balances what you wish to accomplish for yourself, your family, and your charitable interests in your overall estate and financial plans.
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CORPORATE SPONSORSHIPS
Our Corporate Sponsorship Initiative plays a vital role in supporting the mission of Knox Academy. By partnering with us, your business helps fund academic programs, hands-on learning, student-led experiences, and essential resources that define the Knox Academy approach. Together, we can provide students, families, and faculty with a purposeful, high-quality education that prepares every child to thrive.
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Matching Gifts
Double—or even triple—your impact! Many employers offer matching gift programs that will match your donation to Knox Academy, and some will even contribute more. Check with your employer to see if your company participates in a matching gift program and maximize your support.