How To Support Branch Scholarships

Your support for our local AAUW Scholarships Fund is needed to advance educational opportunities for women and girls.

Did you know that women are disproportionately impacted by student loans?  Women comprise 56 percent of enrolled college students, but hold 65 percent of outstanding student loan debt.  The student loan gender gap has nearly doubled in the past four years, and women now graduate with an average of $2,700 more debt than men when earning a bachelor’s degree. 

By supporting our local Scholarships Fund, you fuel the pursuit of academic work by women and girls who will go on to lead innovative community projects to empower other women and girls.

SUPPORT OUR SCHOLARSHIPS FUND TODAY
HELP US ADVANCE EDUCATIONAL OPPORTUNITIES FOR WOMEN AND GIRLS!

Charitable giving is a great way to support the causes you’re passionate about, with the added bonus of earning a greater deduction.  We are now a qualified charitable organization with our recently approved 501(c)(3) status. Your tax-deductible donations will go far in changing the lives of women and girls.  Here are a few recent tax related provisions designed to encourage and support donations to charitable organizations such as ours.

  • Through the federal CARES Act, starting in 2020 eligible individuals who claim the standard deduction on their taxes (i.e. do not itemize deductions) can now donate up to $300 in cash to a qualified charitable organization, such as AAUW Colorado Springs (CO) Scholarship Fund. Your adjusted gross income will be reduced by up to $300 and you can still claim the standard deduction. Generally, taxpayers who claim the standard deduction do not get a tax benefit related to any charitable contributions they make during the tax year.  This $300 annual limit applies to the tax filing unit whether filing as an individual or jointly as a married couple.
  • Commencing at age 70½, cash donations known as qualified charitable distributions (QCDs) can be made from traditional IRA(s) to IRS approved charities free of any federal income tax hit. We will work with your financial institution to make the necessary arrangements.
    • One of the biggest advantages the QCD rule provides is the ability for taxpayers to lower their adjusted gross income (AGI).
    • This is much more valuable than taking an itemized deduction which merely lowers taxable income.

HERE IS WHAT YOUR SUPPORT CAN DO

Our Scholarships Fund has evolved since its formation in 1974 with its first $200 scholarship awarded in 1975. In 2020 we awarded six scholarships of $1500 to students from either UCCS or PPCC, and two Addie Mae Memorial Scholarships of $1,850. Our scholarship winners have always expressed their great gratitude for contributing toward their education and their promising futures.  Here is one of the many testimonials we’ve received.

“My children are a challenge when I also have school and work; however, if it weren’t for them, I would not have the drive that I have to complete my degree and give them a life they deserve.  The AAUW scholarship is helping me overcome the many challenges I face as a non-traditional student. Thank you so much for all your generosity and thank you for believing in me and helping me overcome barriers.”

REMEMBER US IN YOUR CHARITABLE GIVING PLANS:  A check made out to AAUW-Colorado Springs with “local Scholarships Fund” on the memo line may be mailed to the AAUW Treasurer, 5540 Canvasback Ct., Colorado Springs, CO 80918.

THANK YOU FOR YOUR SUPPORT TO ADVANCE EQUITY FOR WOMEN AND GIRLS!

AAUW Colorado Springs Branch (CO) is a 501(c)(3) charity – Tax ID# 84-3789955  – effective 12/20/2019
Donations are tax deductible to the full extent provided by law.  AAUW does not provide tax or legal advice.
Please consult your tax adviser to determine the exact treatment of any donation you are considering.