Types of Gifts
A current restricted gift provides immediate support for a specific program as agreed with the donor. For example, a current scholarship at The American University in Cairo (AUC) will support an undergraduate student for up to five years of study, and a current fellowship will support a master’s student for up to two and a half years of study.
A current unrestricted gift allows AUC to direct the support where it is needed most. An example of this would be gifts made to the AUC Fund, where the highest priority goes to student financial support, followed by other support areas such as research, travel, or technology.
An endowed gift is an investment made by a donor to support the University in perpetuity. It could be restricted or unrestricted. An investment committee of the Board of Trustees governs the University’s endowment fund.
A minimum of $50,000 is required to establish a new endowment at AUC. The endowment's capital remains intact, and returns are used to support several activities and programs. AUC’s current spending policy allows a maximum annual spending rate of 4.5 percent.
A capital gift supports the University’s facility and equipment needs, such as constructing new buildings, renovating current facilities, or purchasing major equipment.
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Contributions to AUC are tax-deductible in Egypt, the US [501c (3)], and Canada [Schedule 8]. IRS ID number: 13-5647700