Oak Knoll Offers Relief to Families in Financial Distress
In response to the financial impact COVID-19 has had across the globe, Oak Knoll School of the Holy Child on Saturday announced it will offer aid to families who are in financial distress.
“Our first and most important priority is the health and well-being of our community — particularly our students — all of whom are facing the challenges of distance learning, and many of whom have families who may be facing significant financial stress and hardship,” said Head of School Timothy J. Saburn. “It is more important than ever that we can ensure the richness of all of our programs and support our students in this difficult time.”
The Emergency Fund will provide tuition assistance to families in the Oak Knoll School community who have suffered significant financial losses at this time.
Thanks to the Cares Act, all donors who give to the fund in 2020 can take a one-time, above-the-line deduction for cash contributions of up to $300. Additionally, for those who itemize, the Act suspends, for 2020, the normal limit on deductions for contributions, ordinarily 50 percent of adjusted gross income or 60 percent for cash.
“As fortunate as so many of us feel to be well and able to come together in support of each other, the grim news coming out each day reminds us that many in our community may be struggling right now and facing an uncertain future,” said Elizabeth O’Mara ’86, Associate Director of Institutional Advancement. “If that is your situation, know that everyone at Oak Knoll walks with you on this journey, in prayer, in thought and, whenever possible, in action. There is no doubt that by coming together and letting us know how we can support you, we can move through this.”
To support the Emergency Fund for Oak Knoll, click here.