Newsflash

Notice to AF staff, 12/4/2010: the "logon" screen was moved away from the home page, and to the About Us section.

Donations
Introduction to Sub Funds

The AF allows the special designation of incoming donations under the various "sub fund" label, each sub fund can have a manager, who can direct the usage of donations made under its name, subject to a number of AF rules.

Over the years, the AF has accumulated over 200 sub funds, many active in all of our various award programs. The detailed information about each sub fund is available to all of our members in our web-based accounting system, including:

  • Fund Balances (current, previous year)
  • Fund Activities (pledges, donations, and awards)

The various sub funds are set up for various purposes, such as:

  • Classmates getting together to support future students in the same department, such as "812 fund" or "Future Chemist Fund".
  • Goodwill funds, supporting economically challenged students and cover their living expenses for all 4 years.
  • Memorial Funds, set up for future scholarships in the names of certain unexpectedly deceased alumni

If you are interested in setting up a sub fund for a certain purpose, please let us know and we'll be happy to discuss with you about the process. The AF does not charge any fees for managing sub funds, all donations go to award/scholarship recipients.

To access the web-based accounting system, you need to be a member and apply for an account along the way, if you follow the on-screen instructions. If you run into any problem, please be sure to contact us.

More information about sub funds can be found in our Sub Fund FAQ page.

 
Donating Stock, Enjoy Extra Tax Savings

Please consider donating stock shares you own to the USTC AF. You will enjoy extra tax savings (bigger if they appreciated significantly) if you are US tax payer.

The basic idea of the IRS rules is that, if you bought some stock shares (be it company options, ESPP purchases, etc.) at $10, and the shares are worth $100 each. You will be able to deduct the full $100 from your taxable income AND you don't have to pay capital gains tax since you never technically sold the stock.

In this situation, if you sold the stock and kept the income, you are hit with $18 of capital gains tax (20%, assuming long term), and $3.42 of Medicare Surfax (assuming high income, starting 2013), and gets back $78.58 in after-tax cash.

However, if you donated the stock shares to the USTC AF. You'll enjoy full $100 worth of deduction on your REGULAR INCOME, which will net you approximately $49.6 of tax savings (assuming 39.6% federal bracket and 9.0% state bracket in a high-rate state such as California and New York).

The net effect is, for a cost of $28.98 to you, the USTC AF enjoys a full $100 worth of fund to support our various programs, benefiting young and talented students and faculty members. Of course, your situation may vary, and please consult your accountant for authoritative tax advices.

For more information on this subject, we've prepare a few links on the web for you:

http://www.fidelitycharitable.org/giving-strategies/tax-estate-planning/appreciated-securities.shtml,
http://www.fool.com/FoolCharityFund/Donating_Stock.htm,
http://stock.aboutgiving.net/pp/giving-securities/2552

 
2016 Dec-2017 Jun Honor Roll

Alice Sun

anonym55

BAO Liewei 鲍列卫

Baorui Ren

Chen Cen

CHEN Xionghui 陈雄辉

Chen, Charles

DENG Yaobing 邓要兵

DING Qian 丁倩

DU SenBei 杜森北

eBay Foundation

FANG Yihu 方亦胡

Fidelity Charitable GIft Fund

Guangxing Li 李广兴

HAN Guowen 韩国文

HU Jiankun HU Jiankun

HU Rongxiang 胡荣湘

Huang Elaine

HUANG Su

HUANG Zhongqiang 黄忠强

Jian Sun 孙健

JIANG Xiong 江雄

Li Xin 李昕

LI Yuexia 李月霞

LI Yunrui 李运睿

LI Zhiying

LIANG Yu 梁钰

LIN Xintian 林新天

Lin, Guang 林广

Liu Dan 刘丹

Liu Xinle

LV Hua

MAO Jianwen & Lorna Mao 毛健文&赵炉

PAN Chanjuan Chinese Name

Paypal

QUAN Li 全立

Qun Chen

Qun Xu

SU Yongjun 苏永军

SUN Ning 孙宁

Tao Huang 黄涛

USTCers at Southern California 美国南加州校友群

WAN Jing, LU Pengbo 万婧 鹿蓬勃

WANG Bin

WANG Qiulin 王秋林

WEI Yi

Weimin Zhou

WU Fengchao 吴凤超

Wu Huawen

WU Jianbing

XIA Yue 夏悦

XU Chicheng 徐赤诚

XU Hua 徐华

YAN Li 严立

Yang Liu

YANG Sha 杨沙

YANG Yihong 杨义红

YANG Yiruo, YU Tianyue 杨奕若,俞天越

Yansonic, LLC

Yaoyao Chen 陈摇摇

YUAN Jun 袁军

Yunzhen Hou Yunzhen Hou

ZHANG Bin 张斌

ZHANG Lin 张林

ZHAO Hailin 赵海林

ZHOU Jianhui

ZHOU Pei 周沛

 
Frequently Asked Questions (FAQ) about Subfunds

Here are some of the frequently asked questions about USTCAF sub funds.

General Questions

What is a Sub Fund?

Read more...
 
More information about gift matching and stock donation

1. If you have any question, please contact USTCAF governing board at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

2. Check Donation, fill out the online donation pledge form at www.ustcaf.org, mail to:

USTC Alumni Foundation
5255 Stevens Creek Blvd
Suite 121
Santa Clara, CA 95051

3. For donation of stock, there may be significant tax saving for you, please see Donate Stock, Enjoy Extra Tax Savings.

The following is the details on how to transfer (donate) stock to USTC Alumni Foundation:
Brokerage name: Charles Schwab
Brokerage DTC Number: 0164
Account Number: 9000-5990
Account Number: UNIV OF SCI & TECH OF CHINA AL
You can do electronic transfer of the stock to the above account. Please email This e-mail address is being protected from spambots. You need JavaScript enabled to view it after you have transferred the stock. so I can track this and confirm.
In case you or your brokerage firm has any question on the transfer, the following is the Charles Schwab Stock Tranfer Phone number to call: (602) 355-9003

4. Online donation:

Paypal:   This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Read more...
 
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Contact

TaxID:51-0367667

USTC Alumni Foundation
5255 Stevens Creek Blvd
Suite 121
Santa Clara, CA 95051