Scholarship Funds

Chi Am Circle has been awarding scholarships for over forty years to graduating Asian-American high school seniors from Santa Clara County. Scholarships based on merit or financial need are awarded to students with a minimum 3.3 GPA who demonstrate academic excellence and leadership in community service and extracurricular activities.

Fund scholarships for college, vocational training, or enrichment classes awarded to high school graduating seniors with ASD.  

Supporters of Chi Am Circle   Donate $25+

• Acknowledgment in our annual Membership  Directory and Chi Am Circle website
• Acknowledgment in our  Scholarship Awards Announcement 

Friends of Chi Am Circle           Donate $100+

• Acknowledgment in our annual Membership Directory  and Chi Am Circle website 
• Acknowledgment in our Scholarship  Awards Announcement 

Jade Level                                           Donate $500+

• Acknowledgment in our annual Membership Directory and Chi Am Circle website 
• Acknowledgment in our Scholarship  Awards Announcement 

Gold Level                                           Donate $1000+

• Acknowledgment in our annual Membership Directory  and Chi Am Circle website 
• Acknowledgment in our Scholarship  Awards Announcement  
• Co-sponsorship and presentation of a scholarship in your family or a company name, or in honor of an individual

Platinum Level                                 Donate $3000+

• All the benefits of the Gold Level plus:
• Full sponsorship and presentation of a scholarship(s) in your family or a company name, or in honor an individual

 Please email to the Vice Presidents  of Sponsorship at sponsorship@chiamcircle.org.  

Donation by Check.  This is preferred over the online PayPal method as it can save us the credit card processing fees.

Your company may have a matching gift program. You can  donate via your company donation portal.  You can also donate directly to us first, then take the donation receipt to apply for matching. Check with your Human Resources Department.    

Chi Am Circle has a brokerage account at Charles Schwab.  Please ask your broker to make a transfer to us. Our account info:  

Brokerage Firm: Charles Schwab  

          DTC # 0164, Code 40            

          Account Name: Chi Am Circle, Inc.   

          Account Number: 7208-7351    

When the transfer is being initiated, please email the stock/mutual fund name and number of shares to sponsorship@chiamcircle.org.  Provide your full name,  email and home address so that we can issue a donation  receipt.   

Please note that brokerage firms are busiest processing stock  donation transfers at the end of the year. If you want your  donation to be tax deductible for the current tax year, Chi Am  Circle recommends that you request the transfer before  December 15th.

 If you are over 70 1/2 in age, you can make a qualified  charitable distribution (QCD) to Chi Am Circle as a donation.  A QCD is a direct transfer of funds from your IRA custodian paid to a qualified charity. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. The maximum annual amount that can qualify for a QCD is $100,000. For details on rules, see IRS pub.  590-B and link below: 

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-distributions-withdrawals

Each custodian has its own way of processing such requests. In general, you would complete their form and have “Chi Am  Circle” as the “Payable To” on the check. 

In addition to the benefits of giving to charity, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Please  consult your tax adviser for details.