ACS Athens does not operate to make a profit. It is a 501(c)(3) non-profit organization incorporated in Delaware, operating in Greece since 1945. The assets of the school are held in trust for the benefit of the institution and its students and not for any individual. The school is governed by a volunteer Board of Trustees who are ultimately responsible for appointing the President, managing the school’s assets and carrying out the schools’ mission: “Through excellence in teaching and diverse educational experiences, ACS Athens challenges all students to realize their unique potential: academically, intellectually, socially and ethically — to thrive as responsible global citizens.”
The school applies the revenue generated from tuition to its annual operating costs. Like most private educational institutions, tuition does not cover the entire cost of operation. In order to meet its expenses, the school relies in part on its reserve assets and in part on contributions from alumni and friends. Traditionally, any surplus in the operational budget – whenever they occur – is either invested in students, program development, infrastructure, or retained for future use. In this way, the school has been able to continue to maintain the quality of education and services as well as offer unique opportunities to students, state-of-the-art facilities and programming throughout the years.
The ACS Athens Board of Trustees contributes its time and considerable talent to steering a course for the school. Day-to-day operations of the school are overseen by the President, who is appointed by the Board.
As a non profit organization ACS Athens relies heavily on tuition. However, costs to maintain and upgrade facilities and most importantly to remain at the forefront of the changing educational landscape your contributions are imperative. Your generous donations allow us to enhance the ACS Athens educational experience while maintaining a safe environment for all.
Your contributions and the contributions of others, will be allocated to the cause of your choice. Donations towards our Scholarship Funds will be used to enable talented and deserving students to experience education at ACS Athens based on specific academic and financial criterias. Donations towards our Capital Projects will be used to improve, expand and create better infrastructure conditions for student learning and operations. Donations towards Faculty Scholarship and Research will enable our faculty to continue pursuing meaningful professional development and post-graduate degrees and conduct research on their respective fields. General donations without specific designation under the unrestricted amount will be applied towards specific programs necessary to encourage and enhance innovation.
Scholarship funding comes from a number of sources, partly from existing endowed funds established by generous donors, partly from expendable contributions from alumni and friends, and partly from the reserve assets of the school.
No, there is no minimum. Any contribution, however small, will help an ACS Athens student. What matters most, is that you participate.
Give to ACS Athens through the following ways:
Using your VISA / MASTERCARD Credit Card directly from the ACS Athens Web Site
If you do not have a PayPal account, then please go to the PayPal website, set up an account by using your email address and credit card details and then proceed with the donation to ACS Athens. The payment procedure is safe and protected by two security steps, password and cell phone verification of payment. It is necessary for the PayPal proof of payment and the donation form to be emailed to: exarchoui@acs.gr.
Internet Web Banking Payments with the DIAS system: (GREEK BANKS ONLY)
ACS Athens is connected with the DIAS Inter-bank Electronic Payment system, which includes all Greek Banks. ACS Athens is showing as a recognized Vendor, (category: Other Companies), at all Greek banks' web banking sites, (similarly to utility, credit card, telephone, etc. companies).
Supporters can make payments to the school in two ways: either from the convenience of their home using their own bank's web banking site, or visiting their own bank and make the payment at the teller's desk. In both cases, the supporter’s full name should be included in the bank transfer details and the bank proof along with the donation form should be emailed to: exarchoui@acs.gr.
Bank Deposit information and Wire Transfers
Please use the following information:
Alpha Bank IBAN (€): GR6001402090209002320003072
Beneficiary's bank address: 493 Mesogeion Ave. Aghia Paraskevi, GR-15343, Branch 209
Beneficiary's Name: American Community Schools of Athens Inc.
Swift Number/BIC: CRBAGRAAIt is necessary for the deposit or wire transfer slip and the donation form to be emailed to: exarchoui@acs.gr. The transaction's legal receipt will be mailed back to the supporter immediately upon verification of the transaction with the bank.
- Personal and Bank checks
All Greek bank checks should be made out to American Community Schools of Athens Inc. These checks may be delivered to the Cashier’s Office, mailed to the following address: c/o Cashier’s Office ACS Athens 129 Aghias Paraskevis & Kazantzaki St., 15234 Halandri, Athens GR or be directly deposited to the following Alpha Bank account (€): 209002320003072.
- VISA / MASTERCARD Credit card payments through the School's Cashier POS
Via Internet Web Banking (Alpha Bank Secure Web)
Please follow the instructions below:
- The supporter communicates with the Cashier via email (exarchoui@acs.gr) or phone (210-6070208) and sends the donation form.
- The Cashier obtains a secure payment link from Alpha Bank and emails it to the supporter. At this stage, the transaction amount cannot be changed. If the supporter wants to pay a different amount he/she must receive a new email with a new payment link from the Cashier. The supporter follows the link and completes the payment in an Alpha Bank secure environment by charging his/her credit card.
- The Cashier sends the receipt via email to the supporter when the funds appear at the school's bank account.
Legal Requirements
According to the tax authorities, supporters must provide to the school's Cashier Office the following information: Greek Taxpayer ID number (AFM), DOY, telephone number, address and donation amount. A signed donation form (please click here) which includes the above information is necessary prior to the donation payment.
Tax Deductablity
GREEK Taxpayers - INCOME TAX BENEFITSIf you receive a benefit because of your contribution such as merchandise, tickets to a dinner event or other goods and services, then you can deduct only the amount that exceeds the fair market value of the benefit received.
Individual donors may receive up to a 20% tax discount on the amount of donation. The donation amount must be at least 100 Euro and it must not exceed 5% of the total taxable income of the Donor.
Legal entities, in the framework of corporate social responsibility, may subtract their donation amount from revenue in the same way as any other deductible expense. The legal entity must show profits for the financial year that the donation is made.
Donations are not subject to ΦΠΑ tax.
Donors are required by the tax authorities to provide to ACS Athens his/hers Tax ID information, (ΑΦΜ, address, telephone ΔΟΥ) and must sign on the ACS Athens issued donation receipt document. ACS Athens would report the donations to the Greek tax authorities.
Give to ACS Athens through the following ways:
-
Using your VISA / MASTERCARD Credit Card directly from the ACS Athens Web Site
If you do not have a PayPal account, then please go to the PayPal website, set up an account by using your email address and credit card details and then proceed with the donation to ACS Athens. The payment procedure is safe and protected by two security steps, password and cell phone verification of payment. It is necessary for the PayPal proof of payment and the donation form to be emailed to: exarchoui@acs.gr.
-
Bank Deposit information and Wire Transfers
Please use the following information:
Atlantic Bank (USA) Beneficiary's Account Number: ($): 58230006957
Beneficiary's bank address: Atlantic Bank a division of New York Commercial Bank, 405 Park Avenue, New York, NY 10022.
Beneficiary's Name: American Community Schools of Athens Inc.
Swift Code: ABNYUS33 ABA / Routing Number: 021412114It is necessary for the deposit or wire transfer slip and the donation form to be emailed to: exarchoui@acs.gr. The transaction's legal receipt will be mailed back to the donor immediately upon verification of the transaction with the bank.
- Personal and Bank checks
USA bank checks should be made out to American Community Schools of Athens Inc. These checks may be delivered to the Cashier’s Office, mailed to the following address: c/o Cashier’s Office ACS Athens 129 Aghias Paraskevis & Kazantzaki St., 15234 Halandri, Athens GR or be directly deposited to the following Atlantic Bank account ($): 58230006957. It is necessary for the check deposit slip and the donation form to be emailed to: exarchoui@acs.gr.
Legal Requirements
Donors must provide to the school’s Cashier Office the following information: Taxpayer ID number, telephone number, address and donation amount.
Tax Deductablity
Charitable contributions to ACS Athens may help lower your income tax bill.(You must consult your tax accountant for details)
USA Taxpayers - INCOME TAX BENEFITS
ACS Athens is a USA section 501(c)(3) non-Profit organization eligible to receive tax-deductible contributions in accordance with IRS Code section 170.
Individual donors, The IRS has put together the following tips to help ensure that contributions pay off on your tax return.
- You must be giving to a qualified organization such as ACS Athens
- To deduct a charitable contribution, you must file Form 1040 and itemize deductions on Schedule A.
- If you receive a benefit because of your contribution such as merchandise, tickets to a dinner event or other goods and services, then you can deduct only the amount that exceeds the fair market value of the benefit received.
- To claim a deduction for contributions of cash or property equaling $250 or more you must have a bank record or a written acknowledgment from ACS Athens showing the amount of the cash and a description of any property contributed, and whether the ACS Athens provided any goods or services in exchange for the gift. One document may satisfy both the written communication requirement for monetary gifts and the written acknowledgement requirement for all contributions of $250 or more.
For more information on charitable contributions, refer to Form 8283 and its instructions, as well as Publication 526, Charitable Contributions. These forms and publications are available at https://www.irs.gov.
Many internet sites provide a “Charitable Tax Calculator” to help identify the potential income tax benefit from your donation.
Legal entities may deduct qualified contributions of up to 25% of their taxable income. Contributions that exceed that amount can carry over to the next tax year.
Yes – contributions to ACS Athens from non-Greek and non-US taxpayers are accepted.
You can give to ACS Athens through the following ways:
Using your VISA / MASTERCARD Credit Card directly from the ACS Athens Web Site
If you do not have a PayPal account, then please go to the PayPal website, set up an account by using your email address and credit card details and then proceed with the donation to ACS Athens. The payment procedure is safe and protected by two security steps, password and cell phone verification of payment. It is necessary for the PayPal proof of payment and the donation form to be emailed to: exarchoui@acs.gr.
- Bank Deposit information and Wire Transfers
Please use the following information:Alpha Bank IBAN (€): GR6001402090209002320003072
Beneficiary's bank address: 493 Mesogeion Ave. Aghia Paraskevi, GR-15343, Branch 209
Beneficiary's Name: American Community Schools of Athens Inc.
Swift Number/BIC: CRBAGRAAIt is necessary for the deposit or wire transfer slip and the donation form to be emailed to: exarchoui@acs.gr. The transaction's legal receipt will be mailed back to the donor immediately upon verification of the transaction with the bank.
- VISA / MASTERCARD Credit card payments through the School's Cashier POS
Via Internet Web Banking (Alpha Bank Secure Web)
Please follow the instructions below:
- The supporter communicates with the Cashier via email (exarchoui@acs.gr) or phone (210-6070208) and sends the donation form.
- The Cashier obtains a secure payment link from Alpha Bank and emails it to the supporter. At this stage, the transaction amount cannot be changed. If the supporter wants to pay a different amount he/she must receive a new email with a new payment link from the Cashier. The supporter follows the link and completes the payment in an Alpha Bank secure environment by charging his/her credit card.
- The Cashier sends the receipt via email to the supporter when the funds appear at the school's bank account.
Legal Requirements
Donors must provide to the school’s Cashier Office the following information: Taxpayer ID number, telephone number, address and donation amount.
Yes. ACS Athens is a USA section 501(c)(3) non-Profit organization eligible to receive tax-deductible contributions in accordance with IRS Code section 170.
For more information, click here.
The tax-deductibility of your contribution depends on the laws of the country where you pay taxes.
Contributions in support of ACS Athens may be directed to a specific person or one of the following available designations:
- AI and Technology
- Scholarship and Funds
- Campus Expansion
If no specific person or designation is indicated, your donation will be added to the annual fund as an unrestricted contribution.
Matching donations from your employer is a common Corporate Social Responsibility practice: Corporate matching donations are a type of philanthropy in which companies financially match donations that their employees make to nonprofit organizations. When an employee makes a donation, they'll request the matching contribution from their employer, who then makes their own donation. Please consult the HR department in your company.
Please send us an email at give@acs.gr, and a dedicated staff member will contact you.