A FEW THOUGHTS ABOUT GIVING 

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ONE OF 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.   

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, Vice-President on 828-253-1192 or  John Travis, President on 828-298-1847.

Note:  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, Sec-Treasurer, 12 Trappers Run Drive,  Asheville, NC 28805.  He is also our Curator and may be reached on 828-299-1276.

   THE 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 writing.

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 GIVING - EXAMPLES

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.

• Cash      
  Cash, 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.  (See our donation submission form) 

• Securities  
  Long-term appreciated 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. 

• Personal Property 

• 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 competent appraiser.

• Property Life Insurance 
  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, etc.  Therefore, 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: 

• Life Insurance 

A 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.

• Other Bequests  You can easily include the Museum in your will.  A codicil may be appropriate.  Bequests, large and small, continue to provide substantial capital support for our programs.  We would like to know when a bequest is made. 

•  Annuities and Trusts 

• 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.

Be sure to consult your plans with your attorney.

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