CELEBRATING DONORS AND VOLUNTEERS IN THE ASMS COMMUNITY SINCE 1992

ASMS is enriched by a community of alumni, parents, and friends whose philanthropy supports our school's academic mission.

All forms of support are vital to the overall fiscal well-being of ASMS, and we welcome contributions in any and every form. Gifts ensure ASMS's future health by providing a perpetual source of support, while gifts to the ASMS Annual Fund provide a crucial and immediate source of support for the Five to Ten Year Strategic Plan.

What is the ASMS Foundation?

The ASMS foundation owns all the buildings and most of the equipment. The foundation was issued a bond for $12,000,000 to purchase the buildings in 1990 and is paying over $500,000 per year on the bond until 2022. While the state provides funding for room, board, tuition, and salaries, it does not supply funds for the buildings, maintenance needs, new equipment, programs, teacher development, student travel and general operating expenses. The foundation raises funds to support all these endeavors. These funds come from our annual fund drive which receives donations from parents, alumni, friends, businesses and foundations. For specific needs, such as the renovation of a building or a special project, we write grants and solicit funds from corporations and foundations. Without the support of the foundation, ASMS could not exist nor continue to upgrade its facilities and provide excellent academic opportunities.

What is the Foundation’s purpose?

Cognizant of the need to secure a sound economic future for ASMS and to assure that the highest quality college preparatory education is available to families across a spectrum of resources, The ASMS Foundation seeks to continually strengthen ASMS through philanthropic means.

How can I donate to the Foundation?

Gifts of cash are certainly easiest. Appreciated securities are another vehicle by which to give, which can offer the donor two significant advantages. First, you avoid paying capital gains on the increased value of the stock gifted. Second, you receive a charitable deduction for the full fair market of the stock when the gift is made. In order to do this, your stock generally must have been held long-term for capital gains purposes (more than twelve months). Including the school in your will is an effective way to make a gift, which might not be possible during your lifetime. A bequest is a gift of property made through a donor’s will and is the simplest and most common form of planned gift. The advantage of making a gift through a bequest is that the donor does not have to part with any property until after death. Estate taxes are reduced or avoided as a result of the bequest. Distributions can be made either as a specific dollar amount or as a percentage of the estate. A life insurance policy is a good way to make a gift, which will provide significant results at a future date. Premium payments are tax-deductible if the School is designated as both owner and beneficiary of the policy.

Annual Giving

These gifts enable us to provide a caring community, a challenging academic program, and a wealth of opportunities in the classroom. They also ensure that our school has a talented, dedicated faculty and the best facilities and resources available. Gifts of stock, matching gifts from your employers, payments by VISA and MasterCard are accepted when contributing to the Annual Fund as well as checks made payable to ASMS Foundation.

Matching Gifts

Many corporations will match their employees' contributions to ASMS. Employees simply need to check with their company's Personnel Office. If the company does have a matching gift program, obtain a matching gift form (from your company's personnel office) and follow the directions to initiate a match! Sometimes you can double your gift!

Planned Gifts

Planned gifts greatly enhance the School's endowment and assure a strong financial future for ASMS. Listed below are options a donor might consider in making a planned gift to ensure educational excellence for generations to come:

Cash
Gifts of cash are fully deductible. Checks should be made payable to: ASMS Foundation

Appreciated Securities
When making a gift of appreciated securities, the donor gets a charitable deduction for the market value of the gift and capital gains tax which would otherwise be payable upon sale of the assets. To receive these benefits, securities must be transferred to ASMS prior to sale.

Charitable Remainder Trust
Assets are placed in trust for ASMS and generate annual income for the donor or a family member for a fixed term or for life. The donor receives a current income tax deduction equal to a portion of the value of assets transferred to the trust.

Charitable Lead Trusts
The reverse of the remainder trust, the income generated from assets placed in trust is gifted to ASMS for a period of years. The trust assets are preserved for the donor's family.  

Bequests
Provisions for charitable gifts may also be made under the terms of the donor's will, leaving a lasting legacy.  

Insurance Policies
There are many ways in which life insurance policies no longer needed for family protection may be used to make a contribution, all of which provide tax benefits. Your attorney, accountant, or tax advisor can provide additional information as to how these general rules apply to your specific situation.