Give Forward
Others have helped you to get to where you are today. Now it is your turn to make a difference in a student’s life! Your donations will help provide financial support and professional encouragement to exceptional students in the field of brewing science.
General Endowment
Donations to the General Endowment Fund are considered temporarily restricted and are used to support new opportunities for ASBC Student Members in the brewing industry.
Other Giving Options
In addition to cash donations, there are several other ways to give to the ASBC Foundation.
Donating Stocks, Securities, and Annuities
If you have appreciated stocks that you have owned for at least one year, you can contribute them as a gift to the ASBC Foundation. Giving stock can actually benefit you – you avoid capital gains tax and can deduct the fair market value of your stock at the time of donation. The actual cost to you is the price paid for the stock minus the tax savings obtained by donating. In addition, many people find they can give a larger gift than originally planned by including the appreciation of the stock.
If you would like to take advantage of the savings available by donating your stocks, bonds, or mutual funds, your broker will require instructions in writing, which can be obtained by contacting ASBC attention: Cheryl Kruchten at
asbc@scisoc.org. We will also be happy to provide you a sample letter that will outline the above information for your broker.
Bequests in Your Will
A bequest or special gift made by will is a popular form of charitable donation. Bequests to a tax-exempt recipient, such as the ASBC Foundation, are not subject to estate tax and can reduce the tax liability for your heirs. You should consult with your attorney or financial advisor before including such provisions in your will.
Life Insurance
By paying a small annual premium you can assure a large future gift by donating life insurance. Options include:
Purchasing a policy and making the ASBC Foundation the irrevocable owner and beneficiary.
Changing the primary beneficiary on an existing policy to name the ASBC Foundation to receive all or a portion of the proceeds.
Adding the ASBC Foundation as a contingent beneficiary, by which the ASBC Foundation receives a gift if your primary and secondary beneficiaries don't survive you.
Assigning annual dividends from policies to the ASBC Foundation; the value of the dividends would be tax deductible.
If you have questions about donating your insurance policy, contact ASBC at +1.651.454.0766 or email
asbc@scisoc.org.
Your donation may be tax deductible. ASBC is a 501(c)(3) organization qualified to accept tax-deductible contributions during donor lifetime or bequests by will. Consult your tax advisor on how current law applies to you.
