AICPA Foundation fundraising campaign picks up steam.

• Position: Brief Article

The AICPA Foundation reports that the fundraising campaign it initiated following the Dec. 2001 initial public offering of Prudential Financial, Inc. is gaining momentum. As a result of that IPO, members and firms participating in the AICPA Insurance Trust life, disability and long-term care programs received shares of Prudential Financial stock. In early Mar., the newly minted stockholders were encouraged to make tax-deductible donations of their shares to the Foundation, a 501(c)(3) entity dedicated to developing innovative education and recruitment initiatives for the profession. Subsequent communications efforts aimed at potential donors are currently under way.

According to Stuart Kessler, president of the Foundation and a former AICPA chairman, by late May the Foundation had received approximately 2,000 shares of stock from nearly 300 different contributors. While donors can direct their contributions to specific activities, almost 40% of those shares were earmarked for the Foundation's general fund. A significant number of donors have also specified that their funds be used for educational initiatives.

A separate form on page 8 of this issue of The CPA Letter can be used to make donations to the AICPA Foundation. Additional questions regarding this campaign can be directed by phone to 866/CPA-2AID (272-2243) or by e-mall to Foundation@aicpa.org. For more on the Foundation, visit www.aicpa.org/members/aicpafoundation.htm.

AICPA Foundation Contribution Form

This form allows you to make a tax-deductible donation of either cash or shares of stock received through the AICPA Insurance Trust distribution. Just follow the simple instructions below, and call 866/CPA-2AID or e-mail Foundafion@aicpa.org with any additional questions. Thank you for your support.

If You Are Donating Cash:

1. Determine the dollar amount you wish to donate.

2. Make out a check to the AICPA Foundation.

3. Determine how you want your dollars dispersed among the four Foundation funds and indicate your preference in the boxes below. If you indicate no preference, your full donation will be directed to Fund//4 for general Foundation activities.

4. Mail the check and this form to: AICPA Foundation, P.O. Box 2207, Jersey City, NJ 07303.

5. You will be sent a confirmation letter that can be used for tax purposes.

   If You Are Donating Stock:

1. Determine the total number of shares of stock you wish to donate. This form may be used only if donating fewer than 50...