A FEW THOUGHTS ABOUT GIVING
MANY REASONS WHY SAVING RADIO
HISTORY IS IMPORTANT:
We find that many younger people
are not aware of the history of radio thus presenting a wonderful
opportunity to tell them, for example, about the discovery of
regeneration by Armstrong, or vacuum tubes. Many will become our future
engineers and technicians if we catch their interest.
However, in order to properly
serve both school and tour groups we cannot now properly
accommodate, we need to take a new direction to provide appropriate
space for the museum. Our Board has approved a project
for a new home, but we need your help. Please consider a
contribution to our building fund. In doing so, you will be
helping to provide the Southeast with a fine radio museum.
Your donation will be acknowledged, and we are an IRS-approved
non-profit 501(c(3) so your donation will be tax-deductible.
Every dollar is important.
For more information, contact
Norman Harrill on 828-253-1192.
If you just wish to make a cash gift or pledge, you may click
on our donation submission form
and indicate your preferences; your gift will be acknowledged
with our thanks ! Cash contributions/membership fees may also
be sent directly to Clint Gorman, 12 Trappers Run Drive,
Asheville, NC 28805. He is our Curator and may be reached
MANY WAYS OF GIVING
Gifts to The Southern Appalachian
Radio Museum, Inc. (referred to below as the “Museum”) can be made
in many ways which are
described below. You
may also designate the purpose of your gift if you wish.
At this time, our top priority is
the Building Fund. Gifts
of $500 or more will usually be placed in our Building Fund to
provide for the future growth of the Museum. However, you may also
designate your gift for our general Operating Fund. Regardless of the amount,
every gift is welcome and will be acknowledged in
You may also want to consider
making your donation in memory of a friend or relative. Your donation may be
completely private if you wish, or we will send a letter
recognizing your gift to a relative. In any event, we wish to fully accommodate your desire.
Gifts be made on an Annual or
Longer Term (Planned) basis. Each gift is tax deductible to
the full extent of the law as the Museum is an IRS approved
501(c)(3) nonprofit organization.
Our goal is to present you
with options and to help you make the best choice possible. Your
gift generously expresses your interests; it is our desire to use
your gift in the best way possible to preserve the history of radio.
Annual gifts can take many forms. The purpose of these
examples is to provide you with a few of the most common options
for your consideration.
Each has tax benefits.
checks, and money orders mailed before the end of the year will
enable you, if you itemize, to take an income tax deduction for
that year. Gifts of cash may be deductible up to 50% of your
adjusted gross income, or less depending upon your tax bracket. A pledge to make a
gift, however, may only be deductible in the year the pledge
payment is made
our donation submission form)
securities are those that you have owned (1) for more than one
year, and (2) have increased in value. If you itemize your
deductions, such a gift would entitle you to an income tax
deduction for the full fair market value of the securities on the
date of the gift, up to a maximum deduction of 30% of your
adjusted gross income for the year. In any event, gifts of
appreciated stock or real estate may be made at any time and
reduce your capital gains.
Gifts of personal property, such as
automobiles, works of art, furniture,
equipment or collections, do not typically relate to the purpose
of the Museum but may be important to us for fund raising
purposes. For tax
purposes, the date of the gift is the date of the physical
delivery of the item to the non-profit agency, and the value is
the item’s fair market value on that date as determined by a
For both gifts of cash and
appreciated property, contributions in excess of the deduction
limitations may be carried over and deducted in the five tax
years following the gift.
If you wish to make
a gift of real estate, the Museum will evaluate the potential
value and potential of the gift, and determine how the gift can
be most beneficial to the Museum.
Factors will include, for example, the location, the present and
possible future value, whether the property is marketable or if
it should be retained as an investment. Other considerations
include consideration of whether there may be any potential
problems with the deed or related matters before the Museum
agrees to accept a deed.
We receive many gifts of
radio equipment and similar related items. A determination will
be made considering such things as whether a duplicate exists,
whether the item is displayable, sufficient space is available,
donors should understand that items donated may be used for fund
raising or display as determined by the Curator.
PLANNED GIVING - EXAMPLES
A Planned Giving
program will help you choose from a number of convenient ways to
make a gift. A planned gift is one which represents your personal
legacy, and for the Museum it is the type of gift that may well
assure the future of the museum.
It can be made during
your lifetime, and will continue afterwards. Special tax and financial
benefits can result via your planned gift. Following are some key
options for your consideration.
In all probability, you will find that some special tax and financial
benefits will ensue as a result, but please consult your tax advisor
for more details.
Planned Gifts can be
made in the form of:
gift of life insurance may allow you to make a sizable gift at
relatively low cost. With this type of gift, a charitable
organization is named as an irrevocable beneficiary of your life
insurance policy which is then delivered to the organization who has
been assigned ownership.
Your life insurance company will advise you further. Gifts of paid-up
life insurance policies also provide estate planning possibilities.
Also, a non-profit agency such as the Museum may be designated as a
secondary or contingent beneficiary of a policy for control of the
policy during the donor’s lifetime.
You can easily include the Museum in your
will. A codicil may be
large and small, continue to provide substantial capital support
for our programs. We
would like to know when a bequest is made.
An annuity or trust can help the Museum while allowing you to
achieve other goals as well.
One or more of these vehicles may thus be a vehicle for a charitable
gift and also provide the vehicle for a life income for you and
your family while possibly permitting tax benefits as well. Again, consult with your
tax advisor and planner.
sure to consult your plans with your attorney.
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