Wakeel Program FAQ's

3. Is the recurring contribution per student or per family?

The annual contribution is per family, NOT per student

4. What will these additional funds be used for?

• These additional funds will be used to invest in our staff and students.
• Offer comprehensive benefits to make the Academy an employer of choice that retains the most qualified staff in the DFW area
• Invest and diversify the programs offered at the Academy (Extracurriculars, Athletics, College Prep, etc.)

5. Will my income or tax return information be requested?

• Submitting Tax Return information is not required when participating in Plan A
• If you choose Plan B, tax return information must be provided to ensure the correct contribution is added to your account. Tax Returns can be sent via email to the confidential financial aid department, fast@islamicservices.org, with “Wakeel” typed in the subject line.

6. When do I have to make my annual Wakeel contribution?

We encourage our families to make their contribution before December 31st of each school year, in order for ISF to issue a Tax Exemption Donation Receipt, in a timely manner. However, if families are unable to pay the total contribution amount as a lump sum, we will work with you to divide it into installments.

7. Are the financial contributions tax deductible and zakat eligible?

• Yes, Wakeel contributions are tax deductible.
• Please consult with your Imam for zakat eligibility.

8. How much is my family expected to financially contribute?

There are two Wakeel program plans available to participate in.

Plan A: A flat $1000 per family annual contribution.

Made in one payment prior to December 31st of that year or divided into installments.

Plan B: Annual Contribution based on annual household income.

This option requires you to submit your latest annual tax return for review by the ISF Financial Assistance for School Tuition (FAST) committee. Contribution amount will be based on the following:

Our recommendation is for families to contribute a maximum of 1% of their annual income every year (i.e., if your family income is $500,000, we recommend an annual contribution of $5,000). Please refer to the following table for recommended contributions.

We encourage families to take ownership of sustaining the Academy and its operation by giving what they can to supplement the tuition. Each family’s finances are different, and we want all families to feel like they are able to participate in this program and that this is their school as much as everyone else’s.