The American Geosciences Institute Foundation (AGI Foundation) helps the American Geosciences Institute (AGI) secure funding and partnerships with foundations, corporations, private businesses, major and individual donors. Your tax deductible charitable contributions enable AGI to create innovative Earth-science programs, launch new educational initiatives and promote geoscience awareness for all members of the geoscience community, and all members of society.
The Foundation provides start-up, development, or matching funds for AGI programs approved by AGI Foundation trustees. The trustees represent a broad spectrum of geoscience interests and industries, including petroleum, mining, environmental, engineering, government, and education, and their primary role is to raise funds for specific programs.
Your generous support helps AGIF fund important geoscience programs, including the Center for Geoscience and Society, Environmental Awareness, Geoscience Policy, Geoscience Workforce, GeoScienceWorld, K-12 Education, Web-based Multidisciplinary Education, and Endowments.
We appreciate donations of any size. Your contribution will make a difference for our mission of promoting geosciences. Donating to the AGI Foundation is easy. You have an option of mailing your check to: AGI Foundation, 4220 King Street, Alexandria, VA 22302. Giving funds or other property to the AGI Foundation is one way to accomplish personal and financial planning objectives simultaneously.
The dollars you give to the AGI Foundation are tax deductible. You may take a current-income tax deduction equal to 50 percent of your adjusted gross income. If you give more than the 50 percent limit, you may carry the excess amount for up to five years and use it to reduce income taxes until you have used all of the carry overs.
If the value of stock has increased since you obtained it, the tax laws make it possible for you to make your gift at a low after-tax cost. If you were to sell the stock and donate the proceeds, you would pay taxes on the full gain in the security. By donating the appreciated stock or other property to the Foundation, however, your gains would not incur any tax even though the current value would be counted as your charitable deduction.
The best way to double your gift is to check with your current employer on whether your organization offers a matching gifts program. If you are interested in exploring this option, please contact Alexandra Lowe at: email@example.com.
Contributions from individuals, corporations, and foundations enable the American Geosciences Institute to respond to needs in the geoscience community with programs that meet those needs. Planned gifts from individuals can help provide programs of great benefit to the geoscience community while bringing significant financial advantages to the donor.
Making provisions for the American Geosciences Institute in estate plans, gifts of securities, and personal property, for example, creates ways to benefit individuals with tax savings and reduced estate-settlement costs.
The Foundation has an alliance with Woodway Financial Advisors, an experienced and successful trust company that administers the Foundation's planned giving programs. Woodway can provide advice and information on the many vehicles available for planned giving and the requirements to establish such a program. They can also provide information to help individuals or their representatives maximize charitable gifts as well as information on the investment management of assets in trust.
Trust officers can review and discuss charitable income tax deductions that are available, the ability to generate current income, and the necessity to reduce estate size from eventual estate-tax purposes. Finally, as a trust company, they can offer information on the investment management of assets in trust as well as provide fiduciary responsibility associated with the various planned giving vehicles.
The Foundation can receive life insurance death proceeds free of federal income and estate taxes. The benefit to the Foundation is guaranteed as long as the premiums are paid. Through the relatively small annual cost of your premiums, you can make a significant contribution towards ensuring your geoscience legacy.
You may obtain a federal estate tax deduction for the entire fair market value of the property you leave to the Foundation in your will, and there is no limit to the amount of this deduction. You retain full use of your gift property during your lifetime, when you assign a gift through your will.
A unitrust is an arrangement by which you irrevocably place money or property under the care of a trustee. Commonly, the trust is instructed to pay you or the person(s) you designate a percentage of the income for life. When the recipient of the income dies, the remainder in the trust would pass to the Foundation. You benefit from a unitrust by receiving an immediate income tax deduction for the gift that the Foundation will someday receive. Charitable trusts can also be established as annuity trusts so that a fixed amount is paid for the life of the grantor(s).
You can use pretax assets to establish your geoscience legacy by making a bequest of retirement plan or IRA assets to the Foundation. This action assures saving both income and estate taxes while benefiting the geosciences.
The AGIF is a non-profit, non-stock corporation operating under the laws of the state of Virginia and in accordance with Internal Revenue Service (IRS) codes governing tax-exempt charitable and educational organizations 501(c)(3). An independent audit is conducted annually. Gifts to the Foundation are tax-deductible.
Individuals who would like more information about the planned giving program or who wish to tailor a personal giving program should contact Pete Dohan, AGI/Schlumberger Development Fellow, c/o AGI 4220 King Street, Alexandria, VA 22302-1502, (571)- 214-5897 / firstname.lastname@example.org.
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