Washington County, Maryland has a very rich heritage. The Washington County Historical Society, with your generous help, seeks to preserve the heritage of the area for generations to come. To this end, the Society has established a variety of options by which members and interested parties can support the various programs and activities of the Society.
Your contributions can be used to sustain ongoing efforts, or be the impetus for initiating new programs and activities. All gifts to the Society are tax deductible. The Washington County Historical Society is an IRS designated 501 (c)(3) charitable organization. With your generous support, the society seeks to foster an atmosphere in which we can appreciate and learn from those that have gone before us.
There are a number of different ways you can provide financial support to Washington County Historical Society:
Other alternatives can be explored as well, such as Charitable Gift Annuities and Charitable Remainder Trusts. Each gifting option plays an important role in supporting the activities of the Historical Society and preserving the heritage of Washington County. To learn more about gifting to the Society, please contact the Executive Director of the Washington County Historical Society, Linda Irvin-Craig at 301-797-8782.
We truly appreciate your support, now and in the future. The sustainability of the Washington County Historical Society is dependent upon the goodwill of its members, donors, patrons and sponsors. We thank you in advance for considering donating to the Washington County Historical Society.
General Support Donations
In addition to the organization's membership fees, general support donations provide essential monies, contributed throughout the year, to fund the operations of the Society. Maintenance needs to be performed, programs funded, and salaries paid. General support donations, whether big or small, sustain the ongoing operations of the organization. Donors also have the option of providing unrestricted support to the Historical Society, or designating their gifts for specific purposes. We sincerely appreciate all donations.
Donations of Appreciated Assets
Another option is to donate appreciated assets. These generally take the form of stocks and bonds, but other assets (e.g. real property) can also be donated. As a general rule, the donor can deduct the current value of the asset on their taxes, which may be significantly more than the asset's original acquisition value. Working with a professional financial specialist on these matters is advisable.
A bequest is an easy, practical way to make a meaningful contribution to the Washington County Historical Society without affecting your current finances. Through a bequest in your will or a provision in your living trust, you may name the Society as a beneficiary. In considering a legacy bequest, family consultation and legal representation is essential.
The Society has sample language you may want to consider. No gift is too small.
If you would like to discuss the bequest of Washington County artifacts (such as antiques or other memorabilia) or research materials (such as manuscript letters or diaries) to the collections, we urge you to contact the Bob Preszler, chairman of the Acquisitions Committee. He can be reached through Historical Society's main number at 301-797-8782.
Recent changes in the tax laws provide the option of donating monies from your individual Retirement Account (IRA). Donors age 70 1/2 or older can make gifts of up to $100,000 to the Washington County Historical Society directly from their IRAs. These donations, under current law, are not considered taxable income to the donor.
Many employers have established gifting programs by which employees can make nontaxable donations to charitable organizations within their communities. As an IRS designated 501 (c)(3) charitable organization, the Washington County Historical Society can be a worthy recipient of your support. In some cases, there is an added benefit when the employer matches the employee's contribution. Please consider this option when your employer undertakes its annual charitable fundraising drive.
You can also demonstrate you support by naming the Washington County Historical Society as beneficiary of your life insurance, retirement plan, or annuity. Contact your plan administrator for a change of beneficiary form. If you would like to name the Historical Society as a beneficiary, simply decide what percentage of the plan's value you would like us to receive and name the Historical Society on the beneficiary form. Then return the form to the administrator. In making decisions of this type, please consult family members as well as appropriate legal and financial advisors.
If you have a family member or friend whose life you want to honor, we hope you'll consider making a gift to us in honor of that person. Providing a gift establishes a living tribute that allows you to honor a loved one or important person in your life, support our continuing efforts and receive personal and financial benefits from your contribution.
In contemplating a remembrance gift, the donor has the option of specifying how the gift should be applied. Examples of restricted gifts that can be given include: garden restoration, lecture programs, publications, exhibits, children's programs and acquisitions. These gifts should be tailored to the interests and passions of the one being honored as well as those of the donor.
As noted above, there are a variety of mechanisms by which the operations and goals of the Washington County Historical Society can be supported. We appreciate your consideration of these gifting options, and we hope you will join us sustaining and enhancing the activities and programs of the Washington County Historical Society.