How to donate

We accept donations through four methods: check, bank wire, PayPal, or credit card. Tax-deductible donations from the US should go towards American Assistance for Cambodia, an authorized 501(c)3. Tax-deductible donations from Japan should go towards Japan Relief for Cambodia through the Keidanren’s Council for Better Cooperate Citizenship (CBCC). For information on obtaining a tax deduction, please Contact Us.

How to sponsor a Rural School - The cost to construct a school is $13,000, with matching funds provided by the Asian Development Bank. An additional $6,000 of funding will provide an English/computer teacher for two year, a bookcase of books, three solar panels and a computer. Donors must send a down payment of $5,000 in order to select a school for sponsorship, after which a school will be completed in six to eight months, depending on distance from the, capital, landmine dangers and season.

Non-school donations – Please indicate if the donation is unrestricted or designated for one of our specific programs.

Checks: Checks can be mailed to: Bernard Krisher, American Assistance for Cambodia, 4-1-7-605 Hiroo, Shibuya-ku, Tokyo (150-0012) Japan

Bank Wire: Please send funds to the account of: American Assistance for Cambodia in the Ridgewood Savings Bank, Queens Blvd. and 108 Street, Forest Hills, N.Y. 11375. Account number: 648899; Tracking number: 226071033. Please advise us by e-mail: Bernie@media.mit.edu, fax or mail when you have transferred funds.

PayPal: A donor can give secure dollar donations using PayPal:
1. Go to http://www.paypal.com and register an account
2. Once you are logged into a PayPal account, click on “Send Money.” Enter in the email Bernie@media.mit.edu and the amount you would like to donate.

Credit Card: Please email name, address, and credit card number and expiration date to Bernie@media.mit.edu. We accept American Express, Mastercard and Visa.

Dear AAFC Donor,

If you’ve been considering a donation of appreciated securities, this may be the time to act. Substantial tax savings resulting from direct transfers from IRA’s (see #2 below) may expire at the end of 2007.

1. If you have stock that you have owned for more than one year, and it has appreciated since you purchased it, you will be entitled to an income tax deduction equal to the market value of your donated securities. Also, by donating the securities the capital gains tax will be avoided.

Here is an example: Ms. Donor purchased 100 shares of ABC stock three years ago at $50 per share, paying $5,000. This stock is now worth $100 per share, or $10,000. If Ms. Donor sold the stock, she would pay capital gains taxes on the appreciated amount of $5,000. On the other hand, if Ms. Donor donates the stock to AAFC, she is entitled to a charitable deduction of $10,000 and will pay no capital gains tax.

2. If the appreciated stock you own is in an IRA, and you meet the criteria listed below, you are also eligible for significant tax savings. As a result of The Pension Protection Act of 2006, donations made during 2007 can be made directly from your IRA to AAFC. This transfer goes untaxed, resulting in a significant benefit. In the past, income from the IRA had to first be reported on your return, and then charitable contributions were made with after-tax dollars.

Also, there will be no penalty on early withdrawals as a result of these contributions. Since the distribution will not be included in taxable income, individuals will not be able to claim a tax deduction for the charitable contribution. This provision is effective for 2006 and 2007 only.

You may contribute assets this way if:
• You are age 70½ or over
• The donation is $100,000 or less each year
• Your donation is made on or before Dec. 31
• You transfer funds from an IRA or a Rollover IRA
• You transfer the money directly from your IRA to AAFC, a qualified non-profit organization

For More Information
Consider consulting with your financial, tax, or legal advisor prior to making a donation of appreciated securities to AAFC. They are best able to assess your particular situation and advise accordingly. If you would like more information about AAFC, or the various ways your stock holdings can be used to aid the people of Cambodia through its ongoing activities there, please contact Bernard Krisher in Japan at bernie@media.mit.edu contact Garry Royce in the US at 609-926-1739, or visit our website at www.cambodiaschools.com.