We can all be proud of the support that our Chapter of ACBS has granted to the Sea Scout troops, the Tahoe Maritime Museum, the Thunderbird Preservation Society, and other worthy non-profits. Each year we try to grant a portion of the earnings of the endowed funds enabling the Endowment to grow and therefore increase support to worthy groups in the future.
We aim a lot of our philanthropic endeavors toward youth groups. They all deserve to have the equipment, facilities and supplies, etc. to succeed in their endeavors. At the same time, this exposes them to ACBS and we can be hopeful that some of them will grow with us and possibly be custodians of our antique and classic boats in the future.
If you are interested, there are a few ways that you can help us grow our endowment and possibly get a tax deduction for your generosity.
- Straight forward donations are an immediate method of increasing our endowed funds. If they can be matched by an employer, all the better.
- Make an annual contribution to the Fund.
- Leave a gift in your will or trust to go to the ACBS endowment.
- Form a Charitable Gift Annuity.
- Make a gift of Appreciated Assets – Stocks, Bonds, Funds.
- IRA Charitable Rollover.
A gift through your will or trust is a wonderful way of ensuring that support of the ACBS NC/LT Endowment continues for future generations. If you already have a will, you can create a simple codicil to easily add a gift to ACBS. If you want to include ACBS NC/LT in your will or trust please use our full legal name: Antique & Classic Boat Society, Northern California/ Lake Tahoe Chapter.
Perhaps you have a life insurance policy that has outlasted is original intended purpose. You can make the ACBS-Tahoe Philanthropy Fund the beneficiary with just the change of a form. Or you might choose to sign over a fully paid policy.
Your lawyer or estate attorney is best prepared to assist you with #3 to #6 above and your tax preparation specialist can help with tax related questions and mutually advantageous “rollover” benefits. The I.R.S. recognizes ACBS NC/LT as a tax-exempt, 501(c)(3) not-for-profit organization. Our federal tax ID number is 77-0466692. Our mailing address is: ACBS NC/LT, c/o J. Hein, 25 Cirtus Ct., Hillsborough, CA 94010.
Please inform us by mail of your Legacy Gift to the address above. Feel free to contact Rich Fisher or Steve Caplan if you wish to discuss this further.
1 925 525 5428