You can support AATCC’s charitable
goals through its Foundation and reduce your taxes
Your charitable contributions to the AATCC Foundation can take various forms, including outright gifts, pledges, and deferred gifts. Each option offers you an opportunity to support AATCC Foundation programs. Your contributions offer financial planning and tax advantages which may be tailored to suit your individual and family needs. Some of the options and their advantages are briefly described below.
You can give outright gifts in the form of cash, appreciated securities, or other property. By making an outright gift, you may enjoy the advantage of receiving an income tax deduction for the full fair market value of the gift. Additionally, each gift may offer you other advantages, suited to your individual financial and tax planning needs. Your drafts may be made payable to the "AATCC Foundation, Inc."
Cash Gifts are the easiest gifts to value for tax purposes and for you to transfer by check to the Foundation.
Appreciated Securities, including stocks and bonds owned more than one year, entitle you to compute your income tax deduction on the market value of the security on the day of transfer.
Matching Gifts, generated by gifts of cash and securities, allow you to multiply your gift by taking advantage of this valuable employer benefit if they participate.
Real Estate Gifts can entitle you to the same tax benefits as gifts of cash and securities and can generate substantial estate tax savings.
Personal Property such as art, jewelry, and rare collections can be deducted at current market value if owned one year. The objects may be used or converted to cash to fulfill the Foundation’s mission.
Pledges are a convenient way to establish your financial commitment and distribute the payments over months or years. For example a total pledge of US$1,000 can be paid over a ten-year period at US$100 per year., The total pledge commitment and annual contribution amount made to the AATCC Foundation, whether alone or in combination with an outright gift or deferred giving, should be indicated on the contribution form or letter, along with other details of the gift. The Foundation will apprise you annually as to the status of your commitment.
Deferred gifts often enable contributors to make a larger investment. Some of these types of gifts can provide investors with current income, qualify them for a tax deduction in the year established, and remove or reduce the estate tax obligation. Deferred gifts may offer you a variety of benefits, including tax deductions now and in the future, prudent management of your resources, and reduced estate taxes.
Charitable Gift Annuities are established by a simple contract between the investor and the Foundation providing for payment of lifetime income for up to two people in exchange for a gift of cash or securities.
Charitable Remainder Trusts are established by transferring cash, securities, or real estate to a trust. The funds are invested to pay income for a lifetime or specific term. They are irrevocable trusts designed to convert an investor’s highly appreciated assets into a lifetime income stream without generating estate and capital gains taxes. A CRT can potentially:
When you establish a CRT, you or another beneficiary, such as your spouse or another family member, receive income from the trust for life or for a term of up to 20 years.
When the trust ends, the funds will be used by the Foundation as directed by the donor.
Charitable Lead Trusts are similar to charitable remainder trusts except that the Foundation receives income payments from the trust for a specified period. At the conclusion, the remaining assets are distributed to the investor or others.
Remainder Interest in Real Estate is a gift in which the investor retains the full use of the property for his or her lifetime, after which the property passes to the Foundation.
Will Bequests/Trust Provisions provide a means to document a commitment without diminishing assets during an investor’s lifetime. These gifts will be fully deductible from the investor’s estate as a charitable gift.
Life Insurance can be used to support the Foundation by assigning the Foundation ownership of a policy. Tax deductions can vary depending on whether the policy is paid up, new, or has premium payments.
AATCC Foundation, Inc. is organized and operated exclusively for charitable purposes, and is classified by the US Internal Revenue Service as a 501(c)(3) organization. Your contribution to the AATCC Foundation, Inc. may be tax deductible. We suggest that you consult your attorney and accountant for professional advice, particularly if a legal instrument is involved. The AATCC Foundation will assist you and your advisors in making a charitable donation; however, it is not proper for the Foundation to counsel you regarding legal or professional financial planning.
Please take this opportunity to support a science and profession that is well respected throughout the world by making a contribution in your name or in honor of someone else.
For further information contact: Perry L. Grady, AATCC Director of Business Development, telephone +1 919 414 9260; email firstname.lastname@example.org. A contribution form and further details are available at www.aatcc.org/foundation/index.htm.