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Austin Community College Foundation
5930 Middle Fiskville Rd.
Austin, Texas 78752-4390
512-223-7719
Stephanie Dempsey, Executive Director diina@austincc.edu
Frequently Asked Questions
spacer What is the Austin Community College Foundation?
The ACC Foundation was established in 1991 to support college initiatives through financial assistance. It is a 501(c)(3) non-profit, tax exempt corporation. The Foundation solicits, receives, and administers gift from private sources to benefit scholarships and programs at the college. Fundraising efforts focus on student scholarships.

Why does Austin Community College need private support?
Private giving provides the “extras” that enable good colleges to transform into extraordinary ones. At ACC, this will give students the opportunity to complete or continue their education, enhance academic programs, and provide faculty with additional teaching tools.

How can I make a gift?
Individuals, corporations, and foundations may contribute cash through an annual gift or a pledge. Gifts include cash, appreciated securities, or personal property. Planned gifts can include charitable trusts, gift annuities, bequests or paid life insurance policies. Individuals may also give through their company matching gift program.

How much should I give?
Contributions of all sizes are important and appreciated. The size of a gift is a personal decision but can be determined by what the donor would like to see accomplished through their gift.

May I designate how my gift will be used?
A donor may support one or more scholarships or programs. You may also designate your gift as “unrestricted,” which would provide support to the areas with greatest need.

What is an endowed scholarship?
An endowed scholarship provides a permanent source of funding for a specific scholarship program. Since the endowment’s principal is preserved and only the income is used, these scholarships are perpetual. Endowment funds are invested by the Investment Committee set forth by guidelines from the Foundation’s Investment and Spending Policy.

What naming opportunities are available through the Austin Community College Foundation?
Naming options give the donor the opportunity to recognize an individual, their family, or company through a gift to the Foundation. A named endowed scholarship fund can be established with a minimum gift of $15,000, which can be given over a two year period. A named annual scholarship can be established with a minimum annual gift of $2500. Memorial gifts are also accepted and have naming opportunities. The options are outlined in the Foundation’s Scholarship Policy.

What is the difference between unrestricted and restricted gifts?
Unrestricted gifts provide a pool of funds to the Foundation that is not restricted to a specific program or scholarship. These gifts are then designated by the Foundation’s Board of Directors to provide important resources for specific projects, programs and scholarships.
Restricted gifts are directed toward a specific college program or scholarship. This type of gift allows programs to do special projects that go beyond their college budget. In the past, these contributions have been used for program development, faculty training, student tutoring, and equipment.

Are all gifts tax deductible?
Gifts to the ACC Foundation are tax deductible to the extent allowed by law. It is recommended that the donor also consult with a tax attorney or financial advisor.

Can I receive a tax deduction for equipment and supplies I give to the Foundation for the college?
Yes. A donor may generally take a contribution deduction equal to the fair market value of the goods donated. It is the donor's responsibility to determine the fair market value of donated goods.

How can I make a gift?
A gift may be made to the ACC Foundation by using the Donate Now feature or by completing the Donation Form and mailing it to the ACC Foundation, 5930 Middle Fiskville Road, Austin, Texas 78752. The contribution can be sent with the form. To establish a scholarship, please contact the Foundation Office at 223-7719.

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