These gifts are immediate and, if you itemize your taxes, they may be tax deductible.  Monthly donations help us to ensure a steady cash flow we can count on.

Qualified Charitable Distributions (QCDs) allow individuals aged 70½ or older to transfer up to $108,000 from a traditional, rollover, or inherited IRA directly to a public charity, such as the ACC Foundation, with the distribution excluded from taxable income and counting toward Required Minimum Distributions (RMDs) if the donor is 73 or older. The distribution must be made directly by the IRA trustee to the charity, not by the IRA owner, and cannot be to a donor-advised fund or private foundation. 

Contact your IRA administrator to arrange director transfer to the ACC Foundation:

You will be asked to provide the following:

Alamance Community College Foundation
PO Box 8000
Graham, NC 27253
TIN#: 58-1511004

Gifting long-term appreciated stock, bonds, ETFs or mutual funds may offer you a two-fold tax savings:

1. You avoid paying capital gains tax on the increase of the value of the securities.

2. You receive a tax deduction for the full fair market value of the securities at the time of donation.

 

To make a donation of appreciate securities, please provide this information to your financial institution or financial planner:

DTC DELIVERY INSTRUCTIONS FOR STOCK GIFTS
To Alamance Community College Foundation

US Bank N.A.
DTC Participant #2803
Agent Bank DTC #26645
Institution ID #94886
Internal Account #001050987217
Account of: Trust Company of the South
f/b/o Alamance Community College Foundation

 

Trust Company of the South Contact Info:

Client Services:  Leslie Pope (lpope@tcts.com) 336-538-1000

Operations:  Will McPherson (wmcpherson@tcts.com) 336-538-1000

Please let us know that you have made this transfer so that we can properly acknowledge your donation! 

336-506-4128
Carolyn.rhode@alamancecc.edu

Certain programs at ACC may benefit from donations of non-cash items that help educate students in current techniques and technologies. Examples of such donations include specialized program-related equipment in working order and hands-on training supplies. Such donations may be tax-deductible.

Outright gifts of real estate allow the donor to avoid capital gains tax and realize a charitable deduction on the full fair market value of the real estate.

Please contact Carolyn Rhode at 336-506-4128 or mcrhode@alamancecc.edu to inquire about making such donations.  We will be happy to speak with you!