Keep College Dreams in Reach for Central Texas Students
In 2021, we will face the biggest educational challenge in recent history. Students from lower-income communities may lose more than a year of learning due to the pandemic. Meanwhile, students in more affluent communities may receive additional tutoring, increasing the opportunity gap for education in this country even further.
Breakthrough students and families have been among the hardest hit by the pandemic—facing unemployment and food and housing insecurity. School closures meant not only social isolation but losing access to needed learning supports, computers, school supplies, and quiet spaces to complete schoolwork. These setbacks add to the inequities already faced by communities who are more likely to attend economically segregated schools with fewer resources.
For our students in college, the upheaval of systems and safety nets our students rely on—campus support systems, financial aid offices, access to work study and service industry jobs that helped pay for school–threaten to derail students’ college plans. Nationally, we can already see the impact of these events, with a 16% decrease in college enrollment.
Your support of Breakthrough’s radical, 12-year program will help provide more than 2,100 Central Texas children with the guidance and support they need to persist toward their dream of becoming a first-generation college graduate and change the trajectory of their family forever.
Together, we can create a breakthrough for the young people of Central Texas!
The CARES Act: Get More and Give More in 2020
IF YOU DO NOT ITEMIZE DEDUCTIONS
The CARES Act allows taxpayers to take a charitable deduction of up to $300, even if you do not itemize. This means that you may donate up to $300 in cash to a qualified charitable organization, and your adjusted gross income (AGI) will be reduced by up to $300. You may still claim the standard deduction.
IF YOU ITEMIZE DEDUCTIONS
For individuals who itemize their deductions, the new law allows for cash contributions to qualified charities to be deducted up to 100% of AGI, up from 60% previously. This may be a good year to pre-pay multi-year gifts or to make large cash gifts to maximize both your deduction and impact on the causes that matter to you.
OPPORTUNITY FOR IRA CONTRIBUTIONS
The CARES Act waives the required minimum distribution (RMD) rules for individual retirement accounts (IRAs). IRA owners over age 70½ can still give up to $100,000 directly from their IRA and pay no tax on the distribution.
Because of supporters like YOU
- 280 rising 6th and 7th grade students enroll in Breakthrough each year, making a long-term commitment to their education.
- Breakthrough students graduate from college at 7x the rate of similar peers
- Breakthrough students graduate college at 2.5 times the rate of all students in the region.
- 98% of Breakthrough students graduate high school on time, compared to 83% of similar peers
- 90% of students stay in Breakthrough from 6th grade through college
- 90% enroll directly into college, compared to 41% of similar peers in Central Texas