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.
Tax-Deductible Contributions in Germany
Contributions made to the ACG through the Maecenata Stiftung are tax-deductible in Germany. The details for wire transfers are as follows:
Account owner: Maecenata Stiftung
IBAN: DE89 1003 0500 1061 0007 01
BIC: LOEB DEBB XXX
Name of Bank: Bankhaus Loebbecke
Please be sure to reference: “TG 22063 ACG, [Donor’s Address for Tax Receipt]”
Note that the ACG is notified of donations to the Maecenata Stiftung on a quarterly basis; please allow time for an acknowledgment to arrive from the American Council on Germany.
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 electronically. Donors are also asked 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 email@example.com 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 60 East 56th Street, 10th Floor, New York, NY 10022, the sum of $______.”
Gifts and bequests may be designated or restricted for specific programs, which the ACG will gladly discuss beforehand.
Besides considering the above information, donors should consult their legal counsel and tax advisers when contemplating gifts to the ACG.