By offering a state tax credit to donors, CEI encourages charitable giving to nonprofit foundations that help K-12 school children. But what if my parish or Catholic school does not have such a foundation? Under CEI newfoundations can be established. The process is simple. A fee of $25 is paid when registering with the Missouri Secretary of State. Foundations register as a 501(c) 3 nonprofit corporation.
Foundations can be established that help just Catholic school children or help all school children, both public and nonpublic. Foundations can be established that help school children on a local, regional or diocesan basis.
CEI does not offer a government handout; rather, committed people are invited to step forward to establish foundations and encourage charitable donations to these foundations. CEI is a community-based strategy for improving K-12 education for all school children.
Posted: November 4, 2013