Gifts of cash are the easiest way to make an immediate donation to the Aims Foundation towards your program of choice. You may contribute through checks, an online donation or credit card payments. In return, you may deduct the full value of your gift as a charitable contribution.
- Pledge Card
- Give Online
Gifts to the Aims Foundation annual fund provide the greatest latitude for the Foundation to direct gifts where they are needed most. A minimum annual investment of $1,000 will qualify you as a member to the President's Inner Circle. Benefits may include, but not be limited to, exclusive invitations to donor receptions and hard-hat tours of our new facilities.
Gifts-in-kind are accepted by the Aims Foundation following formal approval. The gift-in-kind form clarifies the benefit of the property to the College.
If you are interested in gifting tangible personal property, please complete the form and email it to: firstname.lastname@example.org. Tax deductions for gifts-in-kind that exceed $500 are the responsibility of the donor and their tax advisor.
If requested, the Foundation will sign the donor completed IRS Form 8283 to confirm receipt of the gift.
Some donors find it beneficial to gift a parcel of real estate to Aims. If the property has appreciated in value since your purchase you will not pay any taxes on the gains. In addition, you will receive a charitable tax deduction that is equal to the current value of your property, no matter what you paid for it. As the donor, you can direct the proceeds to the scholarship or program of your choice.
Some donors prefer to transfer ownership of a paid up insurance policy instead of an outright gift of cash. Their benefits include a gift credit and an immediate income tax deduction for the cash surrender value of the policy.
Per the recent governmental decisions, the charitable tax deduction was not capped as part of the "fiscal cliff" legislation. In addition, the IRA rollover has received an extension. The two-year extension is, in fact, fully retroactive to Jan. 1, 2012 and runs through Dec. 31, 2013 (with special transition rules in effect for gifts made in Dec. 2012 and Jan. 2013). This is good news for donors who have an interest in making charitable donations to Aims, and to their other charities.
- Individuals age 70 ½ and older may once again request direct transfers of funds from Individual Retirement Accounts (IRAs) to qualified public charities without income tax on gifted funds.
- The funds must be directly transferred from IRA accounts to the charities (donors should ask their IRA custodians for special forms to make these requests).
- Each individual is entitled to make a total of $100,000 in gifts to charities each year under this provision.