The Foundation is a 501 (c)(3) non-profit organization. Although completely separate from Asheboro City Schools, the Foundation works hand-in-hand with the system to help students succeed.
Donations can be designated to an existing scholarship, establish a new scholarship or given to the general fund.
Contributions can honor a friend, special teacher, colleague or loved one and/or a special event such as a birthday, graduation, anniversary, retirement or class reunion gift.
In honor of a deceased person or classmate.
Businesses can give directly or match contributions.
Tangible items such as jewelry or art.
This could include money, real or personal property or a percentage of an estate.
A policy can be signed over to the Foundation, or policies can be written designating the Foundation as beneficiary and owner.
A fund setting aside a portion of an estate to be managed by the Foundation or your trustees. Funds can become income for your beneficiaries and the Foundation.
Property can be donated.
Stocks and Bonds
Ownership of stocks or bonds may be transferred to the Education Foundation.
Federal tax laws provide incentives for giving. They include income tax deductions for gifts, and deductions for estate tax purposes for gifts made through your will. Please check with your accountant or tax advisor for additional information.