There are many ways you can give to the AACHS besides a standard monetary donation. Please use the form below to contact us about one of these ways.
Corporate Matching Gifts
Your gift may be matched if you are affiliated with a company that matches employee gifts to fund raising efforts. Please determine from your company’s human resources department whether the company participates in a matching gift program, and obtain the appropriate forms if it does.
PA Tax Credit
A gift to Central can provide your company with a substantial Tax Credit through the Educational Tax Credit (EITC) Program. By making a contribution to Central’s Scholarship Fund, your company can save as much as 90% of the value of the gift.
A donation of long-term appreciated securities benefits the donor in two ways: income taxes are reduced due to the charitable donation, and the capital gains tax that would have applied had the shares been sold by the donor is avoided. Gifting appreciated securities may also allow you to make a larger gift than might have been possible with cash. In addition, ownership of the gifted appreciated securities would allow for an income tax deduction up to 30% of your adjusted gross income in the year of the gift.
Transfer instructions differ dependent upon whether securities are held in a brokerage account, or in certificate form. Please contact AACHS for transfer instructions.
Life Income Gifts
A life income gift allows you and/or a beneficiary to retain income from the assets donated, and to take a federal income tax deduction for a portion of the gift value (depending on the terms of the gift) while eliminating capital gains tax on gifts of appreciated securities or real estate. Referred to as Charitable Remainder Trusts or Gift Annuities, life income gifts to AACHS should be worked out between you, AACHS, and your financial and legal advisors to assure an arrangement that is tailored to your estate and financial plans.
Gifts of Real Estate
With the proviso that were AACHS offered a gift of real estate, it would examine any offered parcel with regard to potential risks (marketability, environmental concerns and hazardous waste issues), gifts of real estate can consist of almost any type of property – residences, farms, commercial buildings, lots, or undeveloped property.
The donor of an asset given outright receives a deduction for 100% of the current fair market value and avoids capital gains tax on the appreciation. You may gift AACHS a personal residence or farm and use it for your lifetime and/or that of your named beneficiary. You would receive an immediate income tax deduction on a percentage of the full fair market value of the property (determined by a qualified appraisal) at the time of the gift.
Gifts of Tangible Personal Property
AACHS will consider accepting gifts of tangible personal property in certain circumstances. As with gifts of long-term appreciated securities, the donor is usually entitled to a charitable deduction for market value of works of art, rare books, stamp or coin collections, etc. The Related Use Rule governs the extent of the allowable deduction for a gift of such property. If the property is related to the exempt purpose of AACHS a charitable deduction for the full fair market value of the property is allowed. If it is unrelated, then the deductible amount is limited to cost basis.
You may choose to donate a paid-up policy that is no longer needed, or create a new policy with AACHS as owner and beneficiary. In either case, the charitable deduction is for the policy’s cash surrender value or net premium paid on the policy, whichever is less. Alternatively, you may gift a policy that is not fully paid up and take a deduction for the present value of the policy. Any subsequent premium payments would be fully deductible as charitable contributions.
Individuals having access to family foundations can direct support of AACHS by the foundation.
For further information on all forms of support for Central, contact:
Lynn Norton Robins, Director of Development
215-400-3590 X 3130 (Office)
or fill out the form below for a prompt response.