Planned Giving

The ASAS Foundation is designated as the official fund-raising arm of the American Society of Animal Science. With oversight provided by the Foundation’s Board of Trustees and Executive Committee, the Foundation is committed to implementing policies that enable the Foundation to receive, disburse and/or invest gifts from donors for maximum benefit to ASAS. The Foundation is a duly designated 501C(3) organization with appropriate approval from the Internal Revenue Service to issue tax deductible receipts for private gifts received. Gifts to the Foundation may be either "restricted," used for those purposes specified by the donor, or "unrestricted," no specific purpose attached to the gift. Restricted contributions made to the Foundation for a specific purpose are used entirely as directed by the donors.

Individuals who wish to make a contribution are encouraged to consider the following donor options:

Cash

Cash is often the most convenient form of giving. Cash gifts are fully deductible for federal income tax purposes, provided deductions are itemized.

Pledges

Pledges enable a donor to plan a personal giving program that is both convenient and tax-wise. A pledge may enable a donor to consider a more significant gift than would have been otherwise possible. Terms for payment on pledges are flexible and at the option of the donor.

Securities

Securities may be made as outright gifts or as a payment on a pledge. Stock certificates may be reassigned directly to the ASAS Foundation or may be transferred through the donor's broker. The mean market value on the date of the transfer will determine the value of the gift for tax purposes. It is best to consult with your financial advisor before a transaction is made.  Gifts of appreciated securities may be tax deductible, up to 50 percent of your adjusted gross income. The deduction is based on the full fair market value, and there is generally no tax on the appreciated portion of the gift, unless the donor is subject to alternative minimum tax rules.

Planned Gifts

In certain instances, it may be necessary to consider long-term planned giving as the best way to make a gift. This can be accomplished through various gift instruments, such as charitable trusts, gift annuities, pooled income funds, and bequests. For more information on planned giving, contact Paula Schultz (paulas@assochq.org).