Are people secretive about their FA status at your private school?

[Anonymous]

Anonymous wrote:

Anonymous wrote:1. Private schools have to have financial aid recipients in order to secure their non profit tax status.

This is not true.

So what is it that maintains their non for profit status?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1. Private schools have to have financial aid recipients in order to secure their non profit tax status.

This is not true.

So what is it that maintains their non for profit status?

What you said it true, but in a roundabout way. The filing doesn't require that you check that box off, but one way to show your charitable status is to show that you award grants, financial aid and such.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1. Private schools have to have financial aid recipients in order to secure their non profit tax status.

This is not true.

So what is it that maintains their non for profit status?

That they behave by the IRS rules for non profits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all are confusing gratitude with being beholden to anyone. I am grateful and thankful to the school and to everyone who so graciously donates. What I am not is beholden to any arrogant idiot who believes their wealth gives them the right to fill superior to others or talk down to someone else. So no that poster will never get an apology from me. Not today, not ever. If that seems cold, maybe you should ask yourself why that posters attitude towards FA recipients is not cold.

this "poor" attitude is why you are poor to begin with. This is precisely the kind of thinking that parents are trying to escape by going to private schools. Be grateful that someone else is taking care of your responsibility.

I'm actually not poor at all. LOL. At least not according to that whole medium income scale chart. My child was just really wanted! Make no doubt about that!

Not poor but proud to be on FA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:1. Private schools have to have financial aid recipients in order to secure their non profit tax status.

This is not true.

The ncs/st. Albans cluster (and many other private schools) has a religious tax status, that's how they maintain exempt status, scholarships have nothing to do with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all are confusing gratitude with being beholden to anyone. I am grateful and thankful to the school and to everyone who so graciously donates. What I am not is beholden to any arrogant idiot who believes their wealth gives them the right to fill superior to others or talk down to someone else. So no that poster will never get an apology from me. Not today, not ever. If that seems cold, maybe you should ask yourself why that posters attitude towards FA recipients is not cold.

this "poor" attitude is why you are poor to begin with. This is precisely the kind of thinking that parents are trying to escape by going to private schools. Be grateful that someone else is taking care of your responsibility.

I'm actually not poor at all. LOL. At least not according to that whole medium income scale chart. My child was just really wanted! Make no doubt about that!

Where can I find this "medium" income chart of which you speak?

[Anonymous]

I pay full freight. I've never heard anyone talk so negatively about fa as a few on here have. There is absolutely nothing wrong with deserving people getting financial aid. It is great for everyone involved.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1. Private schools have to have financial aid recipients in order to secure their non profit tax status.

This is not true.

So what is it that maintains their non for profit status?

What you said it true, but in a roundabout way. The filing doesn't require that you check that box off, but one way to show your charitable status is to show that you award grants, financial aid and such.

You don't need to have a charitable purpose to qualify under 501(c)(3). You could just have an educational or religious purpose.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all are confusing gratitude with being beholden to anyone. I am grateful and thankful to the school and to everyone who so graciously donates. What I am not is beholden to any arrogant idiot who believes their wealth gives them the right to fill superior to others or talk down to someone else. So no that poster will never get an apology from me. Not today, not ever. If that seems cold, maybe you should ask yourself why that posters attitude towards FA recipients is not cold.

this "poor" attitude is why you are poor to begin with. This is precisely the kind of thinking that parents are trying to escape by going to private schools. Be grateful that someone else is taking care of your responsibility.

I'm actually not poor at all. LOL. At least not according to that whole medium income scale chart. My child was just really wanted! Make no doubt about that!

Not poor but proud to be on FA.

Yep. Now you can be upset that I'm taking something from those "poor"' people with their "poor thinking" that explains why they are poor (but nonetheless makes them deserving of financial aid as long as they are willing to kiss a little rich ass to get it.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all are confusing gratitude with being beholden to anyone. I am grateful and thankful to the school and to everyone who so graciously donates. What I am not is beholden to any arrogant idiot who believes their wealth gives them the right to fill superior to others or talk down to someone else. So no that poster will never get an apology from me. Not today, not ever. If that seems cold, maybe you should ask yourself why that posters attitude towards FA recipients is not cold.

this "poor" attitude is why you are poor to begin with. This is precisely the kind of thinking that parents are trying to escape by going to private schools. Be grateful that someone else is taking care of your responsibility.

I'm actually not poor at all. LOL. At least not according to that whole medium income scale chart. My child was just really wanted! Make no doubt about that!

Where can I find this "medium" income chart of which you speak?

Google.

[Anonymous]

Anonymous wrote:I pay full freight. I've never heard anyone talk so negatively about fa as a few on here have. There is absolutely nothing wrong with deserving people getting financial aid. It is great for everyone involved.

Thank you!

[Anonymous]

Anonymous wrote:I pay full freight. I've never heard anyone talk so negatively about fa as a few on here have. There is absolutely nothing wrong with deserving people getting financial aid. It is great for everyone involved.

+1. Same here. I'm convinced in the same four or five anti-financial aid people posting on all of the threads.

[Anonymous]

Anonymous wrote:\What I am not is beholden to any arrogant idiot who believes their wealth gives them the right to fill superior

Hahahahahahaha

[Anonymous]

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

This is one of the most financially illiterate things I keep seeing on DCUM. Whenever I hear someone say 'It's a write off' it's a sure sign they have no clue what they are talking about.

Say you had $1000 in regular income you wanted to donate. Normally you would pay 39.6% of that money to the IRS at the highest rate, assuming of course that your deductions are not capped base on various rules. You donate $1000, and avoid paying 39.6% to the IRS. The balance, 60.4%, or $604, is what you would have had left in your hands had you not donated. So donations are not free, they in a way kinda of discounted, in that you are paying $604 for the charitable organization to get a $1000 gift.

I used fed rates just to make it simple, but state/local rates would also factor into this, and it would be different if your were donating appreciated securities.