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 today’s technology to offer new educational opportunities compatible with today’s learning methods. New CD’s, 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.

Background

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.

You’ve Probably Heard of our Scholarship Program

AACE is now in its fourth decade of awarding educational scholarships to deserving students in many technical fields. Individual member contributions have supported these awards to deserving students and faculty. This program will continue and, as always, you can be assured that funds donated for scholarships will go to deserving students. We intend to keep this important program viable as in the past. To date, over $800,000 has been given to assist students in their education. Donations exclusively for scholarships should be designated "For AACE Education Scholarship Fund."

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 member’s 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.

AACE’s 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.