Option details.                                                                        

GIFTS OF SECURITIES OR STOCKS: allow a donor to donate stock that has been owned for at least one year, to the PHMF. Many tax advantages may be possible with a stock donation. Donation of appreciated stock that is transferred to PHMF, as opposed to sold and the proceeds donated, allows a donor to avoid capital gains on profit gained while receiving the full tax deduction for fair market value of the gift. As always, check with your financial advisor for sage handling of your financial assets.

GIFTS THROUGH LIVING TRUSTS OR WILLS: one of the most common ways to assist in funding the new Pearl Harbor Museum & Visitor Center. A bequest through a will or living trust allows a donor to direct that a specific amount, or a portion of what remains in the estate after providing for loved ones, be dedicated to PHMF. It is as simple as adding the following to your codicil, will, or living trust:
     “I give the Pearl Harbor Memorial Fund, of Pacific Historic Parks, located at Honolulu, HI, (Federal Tax ID # 99-0194501), the sum of $________, or _______% of my estate for its chosen purposes.” To make a charitable bequest to the PHMF is to remind the world of your commitment to the memory of the events of December 7, 1941.

GIFT OF LIFE INSURANCE: is a particularly flexible means of funding a charitable contribution to the PHMF. In many cases, an insurance policy purchased many years ago which may no longer be needed for its original purposes, can be a meaningful way of carrying out a charitable gift. While there are several other ways of making a gift to PHMF through life insurance, it is important to know that state laws regulate insurance policies which can affect the deductibility of donations for purposes of federal income tax.

Other options for gifts to Pearl Harbor Memorial Fund include Gift Annuities, Charitable Remainder Trusts, and Charitable Lead Trusts. In the case of a GIFT ANNUITY: the donor can make a gift to charity and receive regular payments to supplement income for life. This is basically a contract in which PHMF, in exchange for assets, agrees to pay a fixed payment to the donors or other income beneficiary over their lifetime.

CHARITABLE REMAINDER TRUST: the donor contributes appreciated property to a trust that will sell the property tax-free, and make payments for life. Charitable Remainder Trusts actually provide for two sets of beneficiaries; the first set is usually the donor whom receives a percentage of income for life; the second beneficiary is the PHMF which receives the principal of the trust after the first set of beneficiaries passes on. A Charitable Remainder Trust can be ideal for a situation where the asset was originally of low cost but now has a highly appreciated value.

CHARITABLE LEAD TRUST: is essentially a reverse Charitable Remainder Trust. In this case, PHMF is the income beneficiary receiving income over the life of the donor. After the owner’s death, the named heirs receive the extent of the trust’s assets. Both kinds of trusts have the benefit of offering current income tax deductions and also capital gains tax reductions. As in all of these examples, please check with your advisor to see if either of these planned giving options offers a tax advantage to you. Please contact our office toll free at (866)332-1941 ext. 23 with any questions or to request paperwork to become a member of the Pearl Harbor Legacy Society.

Pacific Historic Parks, and its Pearl Harbor Memorial Fund, is a 501(c)(3) organization. Your donation is tax deductible to the fullest extent allowed by law. Federal Tax ID #99-0194501