 |
 |
 |
 |
 |
 |
 |
|
|
||||||||||||||||
| Building Project | $7.8 million |
| Fees, Exhibits & Operating Fund | $2.0 million |
| Total Campaign Goal | $9.8 million |
| Pledges as of June 2007* | $4.7 million |
*We are committed to raising at least 70% of the Building Project cost ($5.5
million) in order to break ground for construction.
Capital Campaign Steering Committee
ChairmanPhil Glaize |
|
Committee Members |
|
Ellen Morgan John Hull Morrison, III Nick Nerangis, Jr. George L. Ohrstrom, II Rieman C Royston William A. Shabb, M.D. |
Gerald F. "J. J." Smith, Jr. Tricia D. Stiles Jill Holtzman Vogel A. Michael Wilkerson Richie Wilkins |
Show your support of the Discovery Museum’s “Discovery in the Park” Capital Campaign by calling Dee Dee Barbour, Capital Campaign Director, at (540) 722-2020.
1. Gift of Cash
Cash gifts can be deducted up to 50% of adjusted gross income. For example, on a $10,000 cash gift in a 28% tax bracket, you save $2,800 in taxes.
2. Cash Pledged over a Period of Years
Cash pledged over a period of years can be deducted up to 50% of adjusted gross income for the portion given each year. For example, on a $30,000 cash gift over three years ($10,000 each year) in a 28% bracket, you save $2,800 in taxes for that year.
3. Appreciated Stock
Appreciated stock (held more than one year) makes an excellent gift. You avoid all capital gain taxes, will receive a tax deduction, and can deduct it up to 30% of your adjusted gross income.
4. Bonds or Mutual Funds
Bonds and mutual funds are similar to cash in their tax treatment with a tax deduction for the full value of the gift. State, Municipal, and U.S. Government Bonds are welcome.
5. CDs, Saving Accounts, Brokerage Accounts, or Checking Accounts
with P.O.D. Provisions
P.O.D. stands for Payable on Death. You retain full ownership and full control during your life. At your death, the account balance is paid to your named beneficiary immediately and without probate.
6. Gift Annuity
In exchange for a gift of cash, stock or securities, the organization will pay you, you and your survivor, or another person you name, a guaranteed income for life. You receive a substantial tax deduction in the year of the gift and part of the income is tax-free. Upon your death, the gift remainder supports the Capital Campaign. (Your income and tax deduction are based on your age.)
7. Deferred Gift Annuity
Similar to a gift annuity (see #6) except that payments begin at a future date determined by you, (for example, at retirement). Your tax deduction and annual rate of return increases the longer you wait to start payments. This is an excellent retirement planning vehicle.
8. Pooled Income Fund
This is similar to a mutual fund and you receive a portion of the fund’s annual income. You receive a substantial current year tax deduction and can avoid capital gain taxes if the gift is made with appreciated securities. Additions can be made easily. Upon your death, the fund is available to the organization.
9. Charitable Remainder Trusts (Irrevocable) (Annuity and Unitrusts)
Donors can select the rate of return from these income arrangements and also choose a fixed or fluctuating annual payment. Capital gain taxes are completely avoided and you will receive a tax deduction based on the age of the income recipient and the rate of return.
10. Charitable Lead Trust
In a charitable lead trust, assets (cash or securities) are transferred to a trust that pays income from the fund to the organization for a predetermined number of years. At the end of the time period, the trust terminates and the assets are given back to the persons you name. The income tax deduction is for payments made annually to the organization.
11. Bequest Through Will
One of the simplest ways is to give of your estate. You can make a gift bequest to the organization, either after others have been provided for, of a dollar amount, specific property, a percentage of the estate, or what is left (remainder).
12. Revocable Charitable Living Trust
This is a gift that can be taken back! Gifts should only be made on a permanent basis when it is in your best interest to do so. The revocable trust provides for gifts of cash, property, and/or income now, while retaining the rights to retrieve the property, if necessary. There is no tax deduction for the gift but there are savings in estate settlement costs if the trust is not revoked.
13. Gift of Life Insurance
A simple way to make a significant future gift is to name the organization beneficiary to receive all, or a portion of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value, thus reducing your tax liability in the year of the gift.
14. Naming the Organization Owner and Beneficiary of a Newly Purchased Life Insurance Policy
You receive an income tax deduction for each premium made and provide a major gift to the organization with a modest annual payment.
15. Retirement Accounts
Retirement Account Funds (IRAs or company plans) beyond the comfortable support of yourself or loved ones may be given (like life insurance proceeds) to the organization by proper beneficiary designation.
16. Personal Property (Collections-Royalty Rights, etc.)
Gifts of personal property are always welcome, including collections, royalty, and mineral rights. Charitable tax deductions are available in the year of the gift.
17. Outright Gift of Real Estate
One of the most overlooked gift forms is real estate. We will be happy to discuss the possible gift of land, a house, or vacation home. You will receive a tax deduction for the full fair market value, while avoiding all capital gain taxes.
18. Real Estate with Life Tenancy
Receive a substantial income tax deduction by giving (deeding) your home or farm to the organization, now. You continue to live there, maintain the property as usual, and even receive any income it generates. At your death, the organization will sell your property to support the capital campaign.
19. In Kind Gifts
Gifts of goods or services are accepted by the organization with prior approval by the Campaign Steering Committee. Ordinarily these gifts will be credited toward the campaign at their full fair market values as determined by an appraisal or other appropriate valuation techniques.
Call Dee Dee Barbour, Capital Campaign Director, at (540) 722-2020 to discuss your gift today!
©
Shenandoah Valley Discovery Museum |
 |