Charitable gifts provide resources and facilities that enhance the educational experience of the existing student body enabling the school to provide facilities, opportunities for development and learning, and experiences that otherwise would not be possible by tuition alone generated revenue.
Gracious donations from parents, alumni, grandparents, alumni parents, faculty and staff, corporations and foundations toward General Fund (unrestricted gifts), enable the development of an endowment , and enhance the ACS facilities, and provide for specific classroom, library, laboratory, and technological needs
Starting in 2009, Alamance Christian School established the Alamance Christian School endowment fund. The hope is that caring individuals will look toward the future of ACS and invest their resources in the school by gifting the ACS Endowment Fund. Gifts are not immediately utilized, but are set aside to grow to meet the needs of future generations of ACS students.
There are two ways to give endowed funds. First, gifts of any amount can be given. If a donor is interested in providing a named endowment fund, it can be established with a gift of $50,000 or more. The particular aim of the fund can be established by the donor but within parameters specified by the Board. To learn more about giving funds to support endowment or to discussing creating a named endowment fund, please contact the school administrator.
Any gift made to Alamance Christian School, whether it is for the General Fund, for endowment, or for restricted giving, can be made in honor of or in memory of another person. When making your gift, please indicate whom you would like honored or specially remember with your gift, and we will make the appropriate designation.
Gifts of appreciated property such as gifts of stock, real estate, and some other personal property which may net you an income tax deduction for full fair market value when you gift the school with a direct transfer. This is especially helpful to people who have assets which cost less then their current value.
Using a Broker: Notify your broker that you wish to make a gift of securities. Ask your broker to contact ACS's administrator, for instructions prior to taking any action. Your broker will be instructed on transferring securities to ACS's broker. You are urged to remain involved in the process to the extent that you are certain the broker is making the transfer on the desired date. Alamance Christian School reserves the right to accept or decline a gift of securities.
When You Have the Certificates in Hand: We suggest you contact the school office, your banker or broker, or your CPA prior to engaging in making your donation of certificates/securities that are currently in your possession.
Gift Credit: A value for gift accounting is based on the mean value between the high and the low prices on the date on which it is transferred to the School. This date is agreed upon by both brokers for determination.
A charitable bequest, as outlined in your will, is a means to substantially gift Alamance Christian School. You may name the School as a beneficiary in your will in any one of a number of simple ways.
Gifts of real estate and personal property are another asset by which you may gift Alamance Christian School. Real estate examples include residences, vacation homes, farms, acreage, or a vacant lot. Making a gift of this property may avoid the capital gains tax while allowing a charitable deduction for the full fair market value. Your tax consultant or attorney should advise you on this. A formal appraisal is required for gifts of real estate. The school reserves the right to accept or decline gifts of real property.
Alamance Christian School reserves the right to accept or decline any gift to the school
in any specific form that the Board feels compromises their Statement of Faith and Mission.