Some of the most popular methods of charitable giving include:
Each of these methods is described below. For additional information contact the NSM Director, Adam Smith, (607) 734-3128.
The simplest way of donating to the Museum is to mail us a check or call to make a donation by credit card. Either way, we will send you a letter acknowledging your gift for tax purposes. Since we are a charitable non-profit organization, your donation is tax deductible.
Your next steps: Mail your personal check to The National Soaring Museum, 51 Soaring Hill Drive, Harris Hill, Elmira, NY 14903 or call us at (607) 734-9416. Thank you.
Transferring shares of publicly traded securities (such as stocks, bonds, and mutual funds) which you have held for at least a year, to the National Soaring Museum, allows the Museum to realize the full value of these instruments, while their tax basis may be deductible and you're not required to pay capital gains tax on their appreciation.
The Museum's Investment Committee will decide how best to utilize these assets.
Your next steps: The National Soaring Museum is grateful for gifts of appreciated assets. You should consult your professional advisor for guidance. The Museum can also provide assistance.
Donor-advised funds are an increasingly popular way to make charitable gifts. Donor-advised funds can provide you with immediate tax benefits while making your charitable giving easier in future years.
You can establish a donor-advised fund at a sponsoring charity. Most large brokerages and banks sponsor donor-advised funds for their customers. Check with the sponsor about the minimum contribution required to start a donor-advised fund, which typically range from $5,000 to $25,000.
Once established and funded, you can recommend that your favorite public charities, such as the National Soaring Museum, receive grants from your donor-advised fund.
Your next steps: The National Soaring Museum greatly appreciates grants from donor-advised funds. If you are considering establishing a donor-advised fund, you should consult your professional advisor and financial institute for guidance.
If you have an IRA and are at least 70 1/2 years old, a Qualified Charitable Distribution (QCD), sometimes called an “IRA Charitable Rollover”, is a great way to make a tax-free donation to the National Soaring Museum.
Your qualified charitable distribution must be transferred directly from your IRA administrator to the Museum.
Your next steps: Consult your professional advisor and IRA administrator for guidance.
A charitable gift from your estate enables you to achieve your financial goals and benefit the National Soaring Museum.
Your next steps: If you already have a will, a simple amendment (called a codicil) can be used to add a gift to the National Soaring Museum.
One of the simplest ways to make a gift to the National Soaring Museum is to designate the Museum to receive some portion of your assets at the end of your lifetime.
Your next steps: Consult with your professional advisors about naming the Museum as a beneficiary of some or all your accounts.