Make a Difference with Your Contribution
The American Council on Germany is supported by contributions from corporations, foundations, and individuals. Gifts to further the Council’s mission of strengthening German-American ties are tax-deductible to the extent allowed by law. The American Council on Germany (ACG) is qualified under Section 501 (c)(3) of the U.S. Internal Revenue Code.
Gifts of Appreciated Stock
Gifts to the ACG of appreciated stock held more than a year usually have a significant tax benefit because a donor avoids capital-gains taxes while receiving an income-tax deduction for the fair market value of the stock.
A donor may instruct their broker or custodian bank to transfer stock to ACG by electronic transfer. Donors are asked also to tell the ACG office about the transfer, including the date it is being made, the name and number of shares of the stock being given, and the name of the delivering broker or custodian bank.
Paper stock certificates may be delivered to the ACG office, without endorsement, with a signed stock power sent separately.
Contact the Council at firstname.lastname@example.org for more information on transferring stock.
In a will, a bequest to the ACG may be worded as follows:
“I give to the American Council on Germany, a New York charitable corporation with its principal offices at 14 East 60th Street, New York, NY 10022, the sum of $______.”
Gifts and bequests may be designated or restricted for specific programs, which the ACG will be glad to discuss ahead of time.
Besides considering the above information, donors should consult their own legal counsel and tax advisers when contemplating gifts to the ACG.