Development Plan and Development Appeal
The Development Plan was conceived in 2003 and its objective was to improve the physical infrastructure of the School so that it was compatible with the quality of education which we aspired to provide for our students. The components of this major project were the Music Centre, Library, Dining Room, the Teachers’ Resource Centre and finally the Multi-Purpose Hall, which was completed earlier this year.
The total cost of the Plan was just short of €9 million of which €5.1 million was funded by the School from the proceeds of the sale of a site on Merton Drive. A further €2 million has been contributed by Parents, Sandford Union Members and Friends. Despite their generosity, and as no funding was available from the Department of Education, we have had to arrange a bank loan of €1.75 million to finance the shortfall. This therefore, leaves us in a position whereby we have to continue fundraising to pay off this debt.
How you can show your support
There are three ways in which you might consider supporting this Appeal:
Tax efficient pledges
A tax efficient pledge to the School is the best way to support the Appeal. A gift made in this way may result in more money being received by the School while costing the donor less, depending on his or her tax status. In other cases, rather than the School receiving a rebate of tax, the donor may receive a tax allowance for the donation. It is suggested that you might consider making a donation by way of monthly payments over 4/5 years, for example, €100 a month would amount to €6,000 over 5 years.
Companies can make a contribution and treat it as a trading expense, up to a maximum of €10,000 in any accounting year. Such relief is at the standard corporate rate.
We would be delighted to accept gifts in the form of property, shares or other financial instruments on which capital gains tax would be payable if they were sold. If such assets are given to the School, neither the donor nor the School is liable for capital gains tax once the asset is sold.
Given the complexity of tax legislation, we would advise all donors to take tax advice before choosing the way in which they wish to make a contribution to the Appeal.
For more details on any of the above please contact:
The Bursar, Sandford Park School Appeal, Ranelagh, Dublin 6
Telephone: (353) 1 497 1417
Facsimile: (353) 1 497 1443