LA News -- May 2, 2022
Teacher Appreciation Week!
This is Teacher Appreciation Week. Take time this week to show your gratitude for Legacy teachers. Please contact the office and speak with Mrs. Kesterson if you can help with our week-long efforts to honor our teachers. We are so grateful for their faithful service to the Lord and our students.
Parents are asked to bring lunch on Thursday for teachers--please contact the office to sign up with what you can bring. It should be at the school by 11am and we will need parents to help serve the teachers during lunch on Thursday.
Annual benchmark testing is taking place this week. It will take place Tuesday-Thursday for all students in grades 1-10. Please help students arrive to school on time, well rested, having eaten breakfast, and ready to go!
Water & Field Day is happening this Friday, May 6! Water Day is always a highlight of the school year and means that we have nearly reached the end of another school year. The whole day will be filled with team games and competitions for the whole school; we love having students of all ages work together and have fun together.
There are a number of items that we are in need of, and if you are able to volunteer your time to help manage the day, we would be very grateful. Please contact Mr. Wright (email@example.com) if you are able to help on either front.
Flippers, goggles, arm rings, snorkels
End of Year Events
Honor & Awards Ceremony-- Thursday, May 19, 2022
On Thursday, May 19 we will celebrate the success and growth of all our students at our Honor & Awards Ceremony. The ceremony will include Kindergarten graduation, academic excellence awards, perfect attendance awards, and character awards. At Legacy Academy, our greatest treasure is the spiritual growth of our students into young men and women of God, but we still greatly value academics, the pursuit of excellence in all things, and the importance of learning how to learn.
Students from all grades will be part of the ceremony, so put the date on your calendar and spread the word!
Graduation--Friday, May 27, 2022
Legacy Academy's second ever graduating class will complete their journey with us this year.
Commencement will be held on Friday, May 27. It will be a great time to reflect on the students' times with us, rehearse the values that we teach, and celebrate the fact that we can raise godly men and women who stand for what is right in a world of confusion. Legacy Academy does things differently and the fruit of our choices and labor is the students who go out from us into the world firmly rooted in their identity in the Lord.
Students of all ages and their families are asked to attend this momentous occasion, to celebrate our graduates and to remind our younger students what it is that they are aiming for as they diligently study, learn and grow. It is the power of the journey that makes us strong!
Community Clean-Up, Saturday, May 21st
At Legacy Academy we believe in building a life of service. As a part of our commitment to the City of Lockesburg, Legacy Academy will be participating in a community clean-up on May 21st, organized by the Chamber of Commerce. Students in grades 9-12 are required to participate in to receive off-campus service hours, and all other upper level students are invited to attend. Parents of all students are also invited to attend. The Chamber will provide all supplies, t-shirts, and lunch.
If you plan to attend please contact Mrs. McCleskey (firstname.lastname@example.org) with names of all participating and shirt sizes needed. Please respond by Thursday May 5.
We are still accepting new applications for students to join us in Fall 2022! We have places in our Pre-K for 3- and 4-year olds, in Kindergarten and in our grade levels. Applications can be found on our website, and if you have friends or family who are interested in finding out more about Legacy Academy, they should email email@example.com.
Why you might want to set up a 529
On December 22, 2017, the president signed new tax legislation into law. The following describes several new provisions related specifically to 529 plan accounts, beginning with the 2018 tax year.
If you are paying tuition out of pocket then you should strongly consider opening an educational 529 for your student. You can put the money into the 529 then pay it FROM the 529 to the school in order to make the income tax free.
Effective January 1, 2018 savings, up to $10,000 per tax year per beneficiary, in the aggregate from all 529 plan accounts held for the same beneficiary, may be withdrawn and used for expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school (K-12 Tuition Expenses) without incurring federal income tax on the earnings portion of the withdrawal.
Earnings on withdrawals of up to $10,000 per tax year per beneficiary from your Arkansas Brighter Future Direct Plan account used for K-12 Tuition Expenses will also be free of Arkansas state income tax. If you are not an Arkansas taxpayer, the state(s) where you pay income tax may differ in its state income tax treatment of K-12 Tuition Expenses. It is the account owner’s responsibility to ensure that distributions for K-12 Tuition Expenses do not exceed the limit for a beneficiary. You should consult with a tax advisor regarding your individual situation.
Rollovers from an Arkansas Brighter Future Direct Plan account into an Achieving a Better Life Experience (ABLE) account for the same designated beneficiary (or to another beneficiary who is a Member of the Family) will not be subject to federal income tax, Arkansas state income tax, or the annual contribution limits for ABLE accounts. Amounts withdrawn from an Arkansas Brighter Future Direct Plan account may be treated as a rollover to an ABLE account for federal and Arkansas state income tax purposes if the amount withdrawn is re-deposited within 60 days into an ABLE account, subject to the limitations in the immediate preceding sentence. If you are not an Arkansas taxpayer, the state(s) where you pay income tax may differ in its state income tax treatment of rollovers from 529 plans to ABLE plans. You should consult your tax advisor regarding your individual situation, including whether to rollover to an ABLE account.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
If you have more specific questions about using a 529 at Legacy Academy, contact the office.
Over the summer there will also be a range of work to do, including mowing and weed-eating outside, and a variety of maintenance and housekeeping jobs inside the school. Parent volunteering is one way that we are able to keep tuition costs for the school down, so if you have time, materials, or skills that can be used, please let us know by calling the office (870-642-8937) or emailing Mrs. McCleskey (firstname.lastname@example.org).