Why is 2020 a good time for US donors to support COVID-19 Student and Teaching Fund?
If you live in the US and you support ACG now, the Coronavirus Aid, Relief, and Economic Security (CARES) Act makes your cash gift more valuable than ever. This time-limited opportunity is only available for gifts that are made in 2020.
For itemizers: The limit on your charitable deduction has been raised from 60% to 100% of your adjusted gross income for 2020.
For non-itemizers: You can claim a new above the line charitable deduction for total cash donations of up to $300 ($600 for a married couple filing jointly).
Why should we give to the COVID-19 Student and Teaching Fund if we already pay tuition fees?
Pierce, Deree and ALBA [the three divisions of The American College of Greece] are part of a nonprofit educational institution whose finances are not supported by the state. Learning at ACG is possible through student tuition and the generosity of corporate and private donors.
The COVID-19 pandemic has had a real and immediate cost to the College since March 2020, and we forecast it will have an even greater financial impact this coming year affecting the number of students who currently receive financial support from scholarships. Your support will ensure immediate assistance to our Pierce, Deree and ALBA students who are academically high-performing students in financial need.
As alumni of Pierce, Deree and ALBA, why should we give back to ACG?
In 2019, more than 48% of our ACG students relied on 6.7 million euros in scholarships. For the past 10 years, we have seen an increase in financial aid to scholarship recipients by as much as 600%. But in March 2020, as the COVID-19 pandemic disrupted our lives, ACG received a substantial hit to the revenue sources of the school. Your support will allow us to continue our mission, enabling hundreds of outstanding students each year to gain access to an ACG education and increase ACG’s impact on the community.
How much should I give?
Please consider a donation that is meaningful to you. Donations begin at 20€ and up. All donations are needed and are greatly appreciated.
Can I become even more involved?
Yes! Post the #COVID19ACGFUND hashtag on your social media page after you make a gift to help us spread the word about our campaign.
If you are an Alumnus/a and want to become more involved you can contact us at [email protected]
Is my gift tax-deductible?
Yes, it is if you are donating from the US. The American College of Greece is a US IRS recognized nonprofit educational institution. Gifts to The American College of Greece are deductible as charitable donations to the extent allowed by US law.
What is ACG?
The American College of Greece (ACG) was established in 1875 and is the largest and oldest, independent, private, non-profit, accredited American academic institution of higher learning in Europe. In its 145 years, ACG has grown from a missionary-run primary school with an enrollment of seven students to an independent, non-profit, comprehensive, academic institution enrolling over 5,500 students in all its divisions. This broad involvement represents a cross-section of Greek society and encompasses 72 countries. The educational institution’s three divisions consist of Pierce College (1,500 middle and secondary school students), Deree College (3,500 university undergraduates and graduates), and Alba (700 graduate business school students).
What is the COVID-19 Student and Teaching Fund?
The COVID-19 Student and Teaching Fund is our focused fundraising effort response to the impact of the COVID-19 pandemic. Our two main objectives are to raise funds for scholarships to ensure our economically challenged students return in the next academic year and to cover any educational-related expenses as students have moved to online classes.
What is a matching gift?
Do you know, you might be able to make your donation go farther? Many companies in the US encourage employees to donate to their favorite charities by matching their contributions, sometimes dollar-for-dollar or more. So the impact of your gift may be doubled or possibly tripled!
All you need to do is contact your human resources or matching gifts department to see if you can establish a matching gifts program with us. If you want to find out more about this possibility please feel free to reach out to our ACG Advancement office.