Planned Giving Program
The National Genealogical Society has a planned giving program. There are many ways that your philanthropic giving can blend with your own financial needs and tax planning. The program addresses such items as wills, trusts, life insurance, retirement plan assets, real estate, and stock.
Benefits of planned giving include
- current income tax deduction;
- avoidance of long-term capital gains tax;
- increase in income and effective rate of return; and
- reduction in estate and gift taxes.
Here are a few charitable giving ideas that may help you and NGS at the same time. These tax saving plans also give you the opportunity to cultivate the future of genealogy.
- Outright Gift
This is the giving of cash, stocks, a house, or other assets directly to NGS with no strings attached. This can be done through a will or while alive.
- Charitable Stock Bailout
This is similar to an outright gift and involves the donation of closely held stock that has risen significantly in value. The donor receives an income tax deduction for donating the stock and avoids paying capital gains taxes.
- Charitable Gift Annuity
You may donate cash or property to NGS, which in turn pays an annuity to you or a named survivor. This is a good strategy if you need income but still want to make a gift.
- Charitable Remainder Trust (CRT)
Assets are put into a CRT, and the trust pays out income to the donor or beneficiaries such as a spouse or children. The payout may be for a certain number of years (up to twenty) or for the lifetime of the beneficiaries. Eventually, the remaining assets in the trust pass on to NGS. This works well if the donor needs current income but doesn't want or need to leave the assets to a spouse or children. It also allows the trust to manage assets that a surviving spouse might not be capable of managing.
- Remainder Interest in a Farm or Personal Residence
Property is deeded to NGS with the stipulation that the donor or the donor's surviving spouse can live on the property until death.
2nd Century Endowment Fund
As we proudly look back at our organization's history, we see that we have accomplished much. Now it is time to look ahead. To celebrate and honor 100 years of service to members and to enable the National Genealogical Society to create a meaningful endowment for future generations of members, the NGS Board of Directors established the 2nd Century Endowment Fund. This fund will ensure the next century of service to genealogists and family historians.
A Goal to Create an Endowment of $1 Million
The Board made the commitment to see that these resources are available for the good of the Society—not for routine expenses. This influx of additional financial donations will provide support to NGS programs, with the endowment principle to be preserved to benefit the membership by producing interest income for
- creation of new educational programs and special seminars;
- publishing projects; and
- funding projects that advance the mission of the Society.
No income will be spent until the endowment reaches $150,000, and then only 80 percent of the interest may be spent on the governing board's approved projects. Only after the fund reaches $1,000,000 can 100 percent of the interest be used to further mission projects.
Several contribution levels were established for the 2nd Century Endowment Fund. Individuals and organizations who give to the NGS 2nd Century Endowment Fund will be classified by the following levels of contribution.
Contributions Are Tax Deductible
Contributions to the 2nd Century Endowment Fund are tax deductible as charitable contributions. NGS has been designated a 501(c) 3 organization by the Internal Revenue Service and, therefore, your contribution is fully tax-deductible under current federal law.
Please send your contribution today and assure the future of tomorrow's genealogical research.
Mail contributions to:
National Genealogical Society
2nd Century Endowment Fund
3108 Columbia Pike, Suite 300
Arlington, VA 22204-4370
To arrange for a credit card contribution, contact Member Services at email@example.com or call 703-525-0050 ext. 116.
Thank you for supporting NGS.