SONS OF THE AMERICAN REVOLUTION
Advancing America’s Heritage
The importance of the work of the NSSAR is significant. Much more
can be accomplished through thoughtful and generous contributions from members and
friends. Financial support of the NSSAR can take many forms – cash, checks, gifts
of stock, and other appreciated property, as well as bequests and other forms of
long-term gift planning. These gifts may support specific projects or given to
the general fund for the overall financial support of the organization.
METHODS OF GIVING
Most people make charitable gifts by either cash or check. If you itemize your
tax return, your gift may be fully deductible up to 50% of your adjusted gross
income, less any value of goods or services you may receive as a direct return
for your gift. Consult with your tax advisor as to the full and allowable tax
deduction you may be entitled to.
Gifts of cash have the most immediate impact because the funds are readily available
to assist NSSARreach its campaign goals.
Many donors choose the option of making a pledge that will be paid in installments
over a period of time. This option enables donors to increase the amount of their
gift commitment. You may claim the charitable deduction in the year that the installment
Gifts of Stock
If you have marketable securities that have appreciated in value, a gift of those
securities to the NSSAR Foundation may not subject those securities
to capital gains tax. You may receive a tax deduction up to the full fair market
value. Consult with your tax advisor as to the extent of tax benefits of contributing
Gifts of Life Insurance
There are several ways to gift life insurance. If you have an existing permanent
cash value policy, you may transfer ownership and beneficiary designation to the
NSSAR Foundation. You will receive an income tax deduction equal to
the lesser of (a) the tax basis in the policy or (b) the cash value. The NSSAR
Foundation will receive the death benefits. You may also pay premiums on
a new or existing policy that the NSSAR Foundation owns on your life
and you may deduct the premiums paid.
Gifts of Real Estate
The benefit of gifts of appreciated real property is that the property may not be
subject to capital gains tax. You may receive a tax deduction up to the full fair
Remember the NSSAR Foundation in your will or trust. Your estate
will receive an estate tax deduction and you can direct your assets to any number
of programs or projects.
The National Society of the Sons of the American Revolution
appreciates the generosity of members and friends in gifts through bequests. Such
gifts can serve as memorials and also enable the National Society to perpetuate
and expand its historical, educational and patriotic programs.
Charitable Remainder Trusts
NSSAR is a non-partisan, non-sectarian, 501©3, non-profit
corporation. A bequest in your will allows you to pass any amount you wish to
the NSSAR free of estate tax.
The wording that can be used in making a bequest can be as follows:
"I give and bequeath to the National Society of the Sons of the American
Revolution, 1000 South Fourth Street, Louisville, KY 40203, the sum of ___________dollars
or a ___________% of my estate, to be used at the discretion of the NSSAR
(or for a specific program or project.)"
Contribute highly appreciated assets such as securities or real estate and the
property will not be subject to capital gains tax. The trust pays you or your
designated beneficiary an income for a term of years or life(s). Income may be
fixed or flexible. Remainder at the end of the term transfers to the charity or
multiple charities of your choice. The donor receives a current income tax deduction
based on the future remainder interest transferred to charity.
Charitable Lead Trusts
The Charitable Lead Trust works opposite the Charitable Remainder Trust. When you
gift appreciated assets, the NSSAR receives the income for a term of
years or life. The remainder interest is transferred directly to your beneficiaries
or a trust, which you may establish for the benefit of your family. The trust may
provide income for your spouse or children or any other individuals/beneficiaries.
The asset is removed from your estate and will not be subject to estate tax. You
will receive a estate/gift tax deduction and may not be subject to capital gains
on the sale of the asset.
All Gifts Are Important
Regardless of the method or size, all gifts to the NSSAR Foundation
are important and will be greatly appreciated. If you have any questions or should
require any assistance, please contact:
Laurie Anne Roberts, Development Director,
SAR Foundation, Inc. at (502) 589-1776 ext. 31
SAR Foundation, Inc.
The NSSAR Foundation is recognized by the IRS as
a qualified 501(c)(3) organization. The Foundation holds and administers funds to
support the educational, historical and patriotic mission of the National Society of
the Sons of the American Revolution. Tax deductibility may vary by type of contribution.
Please consult with your tax advisor.
For purposes of beneficiary designations or for more information, please contact:
The SAR Foundation, Inc.
1000 South Fourth Street
Louisville, Kentucky 40203
(502) 589-1776 ext. 31
The information contained herein is deemed reliable, but is not guaranteed.
This publication is for illustrative purposes only. The SAR Foundation, Inc.
its Officers, Trustees, employees, and contractors do not provide legal, tax, financial
or investment advice. Income and estate tax laws and regulations are subject to change.
We recommend that you consult with your tax, legal or financial advisor before
implementing any strategies.
The SAR Foundation gratefully acknowledges the assistance of the
Capital Asset Management Group, LLC in the preparation of this publication. First
printing August 2002.