FAR offers a portfolio of funds for targeted higher education giving, in addition to our services to guide donors and their advisors in planning individual gifts. These funds offer an easy way for donors to advance their educational values and philanthropic objectives. And by pooling their gifts with those of others, donors are able to maximize the impact of their philanthropy. FAR’s customized funds include:
General Fund. Donors who share FAR’s goals of supporting academic excellence and ensuring students are exposed to a wide range of viewpoints may make unrestricted gifts to FAR’s General Fund. Such gifts enable FAR to support exemplary programs and initiatives at colleges and universities nationwide, including those identified by ACTA as “Oases of Excellence.”for example
Henry Wise is concerned with prevailing speech restrictions on college campuses. Aware that the American Council of Trustees and Alumni cares deeply about this issue, Mr. Wise contributes to FAR’s General Fund. Because ACTA supports organizations nationwide that foster free expression and pluralism of viewpoints at colleges and universities, Mr. Wise is able to pool his donation with the gifts of others, thus maximizing its impact. FAR will provide regular updates to Mr. Wise and other donors to the general account about the portfolio of programs and initiatives supported by their contributions.
College Funds. College Funds support programs and initiatives on specific college campuses. Donations made to a College Fund are distributed to projects serving that college. FAR will award a grant to the college itself or to other qualified groups conducting activities for the benefit of students or faculty of that college. Grants may support existing programs or be used to create new programs that will bring fresh ideas and opportunities to the campus.for example
Thomas Alumnus wishes to support his alma mater, Academia College, but is uncertain what campus programs are most worthy of support. In consultation with its Donor Advisory Board, FAR will identify outstanding programs and institutes at Academia College or distinguished faculty ready and able to establish a new program of high academic quality if philanthropic support were available. FAR will then pool the gifts of Mr. Alumnus and others who wish to support Academia College and direct them towards the appropriate programs and faculty. FAR will provide Mr. Alumnus and other contributors to the Academia College account updates on the Academia College programs and institutes supported by their philanthropy.
Special Purpose Funds. FAR believes college education should equip graduates with knowledge of our nation’s history and institutions of freedom, the liberal arts and sciences, and the basic principles of economics—and it should prepare students to engage respectfully with those whose views differ from their own. That is why FAR offers Special Purpose Funds in the essential areas listed below. Grants from each of the Special Purpose Funds support faculty, programs, and institutes that offer excellent opportunities for teaching and learning about that topic. As with grants from College Funds, grants from Special Purpose Funds may support existing programs or fund the creation of a new initiative.
Since the Fund for Academic Renewal is a program of the American Council of Trustees and Alumni, a tax-exempt nonprofit organization as defined by Section 501(c)(3) of the Internal Revenue Code, all contributions to FAR and its various funds are fully tax-deductible to the maximum extent provided by law.
Contact FAR for additional information.
Neither FAR nor ACTA offers legal or tax advice. Donors should always consult their personal advisors before making a gift.