Bequests/Estate Gifts: Through bequests, you can designate a specific amount or percentage of your estate to AUA in your will or living trust. This option allows you to retain flexibility and the ability to maintain control over your assets during your lifetime and leave a meaningful legacy.
Life Insurance: Naming AUA as a beneficiary of a life insurance policy can provide significant support to the University. You can donate a fully paid policy or designate a portion of your policy’s proceeds, ensuring your philanthropic goals are well-aligned with your financial plans.
Retirement Plans: Consider designating AUA as a beneficiary of your retirement plan, such as IRA or 401(k). This option allows you to potentially realize tax breaks, making it advantageous for managing your personal finances and charitable giving plan.
Real Estate: By including AUA in your estate plans, you can donate exclusive possessions or real property, such as residential and commercial properties, as well as land. Making a gift of appraised property may qualify you for tax deduction and avoid capital gains tax obligations.
Personal Property: Donating valuable personal property, which can include appraised personal property, such as artwork, jewelry, rare manuscripts, historic memorabilia, classic vehicles and equipment, or intangible personal property such as patents, copyrights, trademarks, and other registered intellectual property can provide substantial support to AUA. By transferring ownership of such assets, you may be eligible for a tax deduction based on the property’s appraised value.
Appreciated Securities: Donating stocks, bonds, or mutual funds can be another way to support the University while realizing important benefits and tax cuts for yourself. By gifting such assets, you may bypass capital gains tax obligations receiving a charitable deduction for the fair market value of the securities at time of the transfer.
The American University of Armenia is recognized as a 501(c)(3) organization by the Federal Government and any donations are tax-deductible to the extent allowed by law. Our taxpayer ID# is 94-3140704.
Please note, the information above is not intended to serve as legal or financial advice. AUA highly recommends that you consult your attorney and financial/tax advisor to discuss available options.
