What opportunities are there to further ASL's mission?

Question
 
 

Institutional Development

Ways to Give: Make a Difference at ASL

 

Outright contributions of cash are the simplest to make by check or online (just press the "Donate" button above). Publicly traded securities can be transferred to ASL through physical delivery or by wire.

Gifts in kind are physical items intended for educational or research use; donors should obtain a third-party appraisal for tax purposes. The cost of the appraisal is also tax deductible.

Gifts of real estate require investigation of marketability, mortgages or liens, and environmental concerns prior to acceptance. They can be made as outright gifts, as a will bequest, or as a living trust, wherein the donor retains all the rights of ownership throughout his or her lifetime. In the latter method, the property is not subject to probate upon transfer.

Life insurance is another way to make a gift to ASL. Donors can name the School as a beneficiary, or they can transfer ownership of universal or whole life insurance policies to ASL for a significant tax benefit.

A donor can name ASL as a beneficiary of retirement plans such as individual retirement accounts (IRAs), Keogh plans, and 401(k) plans. These are highly taxed assets, and giving them to a nonprofit can be beneficial to heirs receiving the remaining assets.

The simplest and most common way to make an estate gift is through a bequest. Donors need not rewrite their wills to include ASL as a beneficiary; it can be accomplished through an addendum called a codicil.

For more information and assistance in making a gift to ASL, please contact Donna Weaver at 276-244-1241 or dweaver@asl.edu.