Information on USTCAF

1. Some corporations matched donations to USTCAF(so far) and some companies do not match AF donation (reason: not an accredited US education institute).
2. Information on donation through United Way.
3. GuideStar listing of USTCAF (refer it to your company. You need to sign up, free, to search AF and other nonprofit organizations now.)
4. USTCAF Federal Employee ID (Tax ID) : here
5. USTCAF Corporation Number: State of Delaware, Secretary of State, Division of Corporations. Filed 09:00 AM 07/10/1995: here
   Current registration agent address: here
6. USTCAF Bank Information: PNC Bank, Delaware, One Oliver Plaza, 10th Floor, Pittsburgh, PA 15265. No-interest Checking Account: here
7. USTCAF Mutual Fund Account: The Vanguard Group, P.O. Box 7800 (send deposit) Philadelphia, PA 10101-9892, 1-800-662-2739 (Client Service). Account Number: here
8. USTCAF Brokage Account: Charles Schwab. Account Number: here. (Brokage # is 0164, which is needed for stock transfer.)
9. Paypal credit card charging account: here.
10. Paypal check payment account: here.
11. Information about donations in other countries:
    1. Non-US personal check/cheque.
       It works for Canada and Germany people before. The amount is paid in local currency and USTCAF bank would notice us after the US amount of dollars received. This method should have no service fee. The donor can mail the check to USTCAF as regular check.
    2. Non-US bank check/cheque.
       It works for Germany people before. The amount is paid in local currency to the donor's bank and the bank issues a check to USTCAF. The donor can mail the check to USTCAF as regular check. (Depending on bank account type, some bank would charge a fee for bank check.)
    3. Branch Banks
       Some banks have its branch offices in USA, usually New York. These banks may have its customer service of issuing bank check with payment amount in US dollars. The donor know both US dollor amount and the actual payment of local currency at the local bank. The donor then mail the check to USTCAF. This method worked for some people in Singapore who get a check of New York branch of China Bank from a local China Bank at Singapore.
    4. Bank direct deposit.
       By giving your local bank USTCAB bank route number and account number, some banks can desposit the US dollors directly in to USTCAF bank account. In this case, please email USTCAF about the transaction. (Again, some bank charges wire fee for money transfer. In the past, AF got $8 deduction when received a wired money of $50 from Germany.)
    5. Money order.
       Some countries may have this service. Then donors can mail the money order to USTCAF as a regular check. This would be the same for American Express traveller's check.
12. Information on Stock/security Donation:
    1. . Please contact ZHANG Shangyou: call the phone number on top of this page or email the address above.
    2. . After a transferring, we will put the stocks on the limit-sell order the first Tuesday evening using the close price of that Tuesday. If not sold the following day at 3pm, then change the limit-sell order to market-sell order at 3pm East D/S Time.
    3. . However, if the original owner suggests a price not lower than the price at donation, the stocks will put into limit-sell order at the suggested price. If the stocks not sold in one month, then the method 1 above will apply.
    4. . In any case, after the transferring, the original owner has no control of the stocks other than suggesting a price. AF will not refund any portion of stock donation, neither tranfer the securities/stocks back. For cash donations, AF does refund upon reasonalbe requests.
13. Advantage of donating stock with long term capital gain:

      Quote the following from the book "Taxes for Dummies" 
      regarding lines 15-18 of schedule A:
     
      == Begin Quote ==
    ......
    Contribution of Property:
    Generally, you can deduct the fair market value(FMV) of property
    given to a charity. FMV is the price at which property would 
    change hands between a willing buyer and a willing seller. So if
    you bought a paiting for $2,000 that's worth $10,000 when you 
    donate it to a museum, you can deduct $10,000. 
    
    You can only use the FMV if -- on the date of the contribution --
    the property would have produced a long term capital gain or loss
    (property held one year or more) if it had been sold. If you donate
    property you held for less than a year ... your deduction is
    limited to your cost......
    
    * If you have an asset that has declined in value: Sell that asset 
    to lock in the capital loss deduction and donate the cash for an 
    additional deduction.
    
    * If you have an asset that has appreciated substantially in value:
    Give the asset to the charity rather than sell the asset, get stuck 
    for the tax, and donate the cash you have left. If you donate the 
    asset itself, you get to deduct the full value of the asset, thereby
    escaping the tax. 
      == End Quote ==
    
    Note:
    1. Deduction of property donation can not exceed 30%
       of one's Adjusted Gross Income. But one can carry
       over the extra amount and deduct it within the 
       next five years. So in your example, someone donated
       $200K stock, but his/her salary is only $100K. So 
       he/she can only deduct $30K X 6 = $180K in this year
       and the next five years.
    
    2. In the same book I mentioned earlier, it specifically 
       mentioned "out-of-pocket expenditures", let me quote:
       "A commonly overlooked deductible charitable expense is
       your out-of-pocket expense(money spent) incurred while 
       doing volunteer work for a charity. "
    
       So if we spent our own money doing some xeroxing, mailing
       driving etc for AF events, the expenses are tax deductible.