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 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 gives AUC the flexibility to direct the support where it is needed most. An example of this would be gifts made to the AUC Annual Fund, where the highest priority goes to student financial support followed by other areas of support 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. The University’s endowment fund is governed by an investment committee of the Board of Trustees.
A minimum of $50,000 is required to establish a new endowment at AUC. The capital of the endowment remains intact, and returns are used to support a number of activities and programs. AUC’s current spending policy allows a maximum spending rate of 4.5 percent annually.
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