FAR offers accounts that direct donors’ gifts to various schools, programs, and initiatives. These accounts make it possible, when desired, for donors to combine their gifts with those of others who contribute to the same fund. FAR’s giving options include:
College Accounts. College Accounts support programs and initiatives on specific college campuses. Donations made to a College Account are distributed only 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 Accounts. Special Purpose Accounts support programs and initiatives in particular areas of study at a variety of colleges and universities. Topics include American history and government, Western Civilization, and economic literacy. Donations made to each of FAR’s Special Purpose Accounts support programs at colleges and universities across the country, but only on that topic. FAR will award a grant to support faculty, programs, and institutes that offer excellent opportunities for teaching and learning about that topic. As with grants from College Accounts, grants may support existing programs or fund the creation of a new program.for example
Maria Bright-Graduate is concerned that too many colleges and universities neglect the study of U.S. history and government and chooses to make a contribution to FAR’s Special Purpose Account in this subject area. FAR may locate faculty who are leading excellent programs in this field or who could establish a new program. Donors gifts may specifically sponsor a program or be pooled with the contributions of like-minded donors. FAR will provide regular updates on the programs.
General Account. 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 Account. 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 Account. 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.
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.