Generosity, a lesson transcends time!
Museums, like other non-profit organizations, grow and thrive through the annual generosity and the longer term, thoughtful planning of members and friends. Donations of time, money, talent, artifacts, and more — whether given today or considered as part of a planned gift or bequest — ensure our ability to deliver programs. Those programs can: educate; support building and aircraft restorations that protect historic treasures; and develop exhibits to ensure the legacy of our past continues to inspire and challenge our future.
When members, and friends, share their interest in helping us in perpetuity protect what they helped us build during their lifetime, their legacy is given wings as well.
There are many creative ways to give that benefit not only the organizations, but make financial sense for the donor, during his or her lifetime. These include charitable remainder trusts, gift annuities, bequests, etc. They help donors in some of these ways:
- Secure fixed income for life
- Bypass capital gain on gifts
- Charitable deductions/tax savings
Current legislations still allows for the donation of up to $100,000 from an IRA to a charitable organization without incurring tax on the withdrawal. Your tax advisor can provide you with the most up-to-date information.
If you have already decided to leave Pearl Harbor Aviation Museum a gift, please let us know so we can thank you and better understand your vision during your lifetime.
If you have questions or would like further information, please contact Greg Waskul at Greg.Waskul@PacificAviationMuseum.org.
How one Donor is Making a Difference
When there is a “will,” there is a way!
As a boy of 11 growing up in Grand Rapids, Michigan during WWII, Dale watched in awe as the massive bombers flew overhead. The drones of the engines, the sight of aircraft formations covering the sky, were indicators of American resolve and strength to win the war. The aircraft symbolized American power, giving young and old alike a feeling of confidence and national pride that combined with the machinery of war to propel our nation and its allies to victory.
Dale could identify every aircraft by the silhouette it cast. Seeing such aircraft today takes him back to his boyhood days and to the emotions of that era. His involvement and interest in Pearl Harbor Aviation Museum stems from this boyhood memory – he wants the younger generation to have the same opportunity to see these aircraft and to remember the historic role they played in protecting our freedom and way of life.
The character and family values of the “Greatest Generation” were instilled in their children – it was their legacy. Though we often speak of these values as though they have vanished from the fabric of American life, they continue on in the hearts and mind of those impacted by the times. The lessons of the past laid the foundation by which an entire generation lived; children raised during WWII are now passing that legacy on to their children and grandchildren.
For Dale, the lesson was one of giving. His parents brought him up to be generous, to care for not only his family but the broader community whenever possible. From 1957 to the present day, Dale has lived a very successful life in California. And though he may be limited during his lifetime to the impact he hopes to have on causes that are meaningful to him, he has taken steps to ensure that the successes he achieved during his lifetime will not only perpetuate support and security for his family, but will also extend his passion for giving to those charitable organizations he cares deeply about. Dale established a charitable remainder trust. This planned giving tool allows him to draw benefit today from the income generated by his trust, and to pass on the principal of the trust after he is gone to his family and the charitable groups named in the trust like Pearl Harbor Aviation Museum. It is a gift that breathes perpetual life into his vision.
For museums and other charitable organizations, such gifts are blessings, providing validation for their mission, and, when the trust matures, releasing an infusion of capital that enables them to continue to grow and secure their future. Dale has given wings to his dream, that future generations will learn from, see, and understand the impact of aviation on our country, and the world. The aircraft of WWII will fly in the hearts of all who visit Pearl Harbor Aviation Museum.
If you are interested in learning about the many investment and planning tools available to you that both maximize the impact of your resources today and allow for better impact tomorrow, please give us a call. We would be happy to talk with you about current planned giving and estate planning tools. Having a plan ensures that your dreams will be achieved.