|Investing in the Future|
AACE has created a special Education Endowment Fund to
provide continued support for the development of its expanded educational agenda. The
Education Endowment Fund is collecting a financial pool of invested capital, the earnings
of which will be used in support of these educational programs.
The AACE Education Board plans to expand its activities
to a new level using todays technology to offer new educational opportunities
compatible with todays learning methods. New CDs, new self-paced learning
courses, new books, and other leading edge resources will be prepared with these funds.
The AACE Education Endowment Fund will allow access to new learning media anywhere in the
world via the internet. At the same time, donors will be able to obtain tax benefits
because AACE is a Section 501(c)(3) nonprofit professional educational society.
Why not talk to us about how you can help the Endowment
Fund and at the same time take advantage of available tax benefits.
Historically, in almost every industry, there is a common
deficiency in training engineers, scientists, and business professionals in the
fundamental skills of cost and management engineering. Cost Engineering is a specialty
area that is often forgotten by formal education. The AACE Education Board has attempted
to make up for this deficiency by aggressively teaching and preparing educational
materials for both our members and the public at large.
Your Gift Toward The Future
The AACE Education Endowment Fund is being created to
obtain capital to be used in perpetuity in order to develop new cost and management
educational programs. For example, this money is intended to fund additional Skills &
Knowledge series publications, leading-edge seminars, initiatives in distance learning,
and other educational programs. These efforts will be led by our Education Board.
Contributions will be invested and managed by
professionals. Readily marketable assets will be utilized with the objective to maximize
total return within conservative parameters. Each year projects will be evaluated and may
be funded by the earnings produced by the investment portfolios.
There are many ways to contribute
If you are interested in making a donation to the AACE
Education Endowment Fund, you should denote that your gift is "For AACE Education
Endowment Fund." There are many possible ways to help, including gifts of cash,
securities, and property. Most donations are tax deductible in accordance with IRS
regulations, but you should always consult your tax advisor for specific guidance on
deduction limitations. Some examples of the kinds of gifts that could be made to the
Endowment Fund are listed below.
Gifts of cash are welcome and will be invested in the
Fund upon receipt. You will receive acknowledgement of your gift for tax purposes.
Individual Retirement Accounts (IRAs) are
excellent deferred gifts that can help our future education program. This is a convenient
way to help the program and at the same time reduce your tax bill.
Make AACE your life insurance beneficiary. A
members insurance needs may change when he/she retires. AACE can be named a
beneficiary of your life insurance policy. Also, a paid-up policy could be transferred to
the Fund. Younger members can make a significant contribution to the Fund by taking
advantage of lower premium costs.
Gifts of Appreciated Property You may wish to
donate long-term appreciated securities, such as stocks or mutual funds, instead of cash.
In this way, you can avoid paying capital gains tax while obtaining an income tax
deduction based upon the market value when given.
Tax laws continually change so always consult your tax
advisor for the application of the laws to your planned giving.
How to Proceed?
Contact AACE Headquarters to learn about the various
options available. Our staff will provide background information and talk to you about the
nature of your intended gift, and how to proceed with making your donation.
AACEs education programs depend on the financial
support of our members, concerned companies, and anyone who recognizes the value that the
Association can provide through the cooperative efforts of its volunteers.
If you're ready to make your donation, and want to do it online, click here.