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Perpetuate the Legacy and Make a Lasting Impact

Consider including Schooner Adventure in your long-term financial plans. Bequests and other types of deferred gifts expand the organization’s capacity and enable it to prepare to meet future challenges.

While a cash gift to the Adventure is greatly appreciated, there are many ways to give to Adventure. The strategic giving options listed below can serve your personal and estate planning needs as well fund the future for Adventure’s efforts of preservation, education and operation at sea.

Our development staff is happy to help you explore further and provide more information about any of these giving options without any obligation and in complete confidentiality. Please contact: Development Director, Betsy Hoffman: bhoffman@schooner-adventure.org or Development@schooner-adventure.org. 

The Adventure is proud to partner with the ECCF, Beauport Financial, and many area Non-Profits to bring you this informative webinar on Strategic Giving that was held October 26, 2021. Click here to watch the recording

Reasons to Plan your Gift

• Aiding in the long-term financial stability and sustainability of Schooner Adventure.
• Creating a legacy that supports the Adventure and its mission.
• Using estate planning strategies that can benefit both the Adventure and your family.
• Becoming part of Adventure’s future. Help expand our organization’s capacity to serve our community and enable us to prepare to meet future challenges.

Ways to Plan your Gift

• Corporate Matching Gifts
• Gifts of Securities
• Tax-free IRA contributions
• Pledges
• Bequests
• Donor Advised Funds
• Charitable Lead Trusts
• Charitable Remainder Trusts

Give Now –

Corporate Matching Gifts

Many corporations and businesses will match an employee’s donation to a non-profit. thus doubling the impact of your gift. Please check with your employer’s human resources or accounting department.

Gifts of Securities

Many people choose to make a charitable gift by transferring appreciated securities (stocks, mutual fund shares) rather than making a direct contribution of cash. The advantages are numerous.

• A gift of appreciated shares of stock allows you to maximize your gift to the Adventure by unlocking the full value of the shares as your gift. 
• Gifting appreciated shares may permit you to claim a larger deduction than if you sold the shares, paid capital gains taxes and gave Adventure the net proceeds.
• It’s easy to do – Simply contact your financial advisor, make your request in writing as per their instructions, and provide Schooner Adventure’s electronic transfer information. Your advisor will wire the shares directly to Schooner Adventure’s account.

Tax-Free IRA Contributions

Using an Individual Retirement Account (IRA) to make a gift to Schooner Adventure is a simple and tax efficient way to give for many older donors who are age 70 ½ or older. Learn more here. 

• Gifts made under the “Qualified Charitable Distribution” (QCD) rules can allow you to save on taxes normally paid when taking your required minimum distribution (RMD) from your IRA.
• QCD gifts must be transferred directly from your IRA custodian and are limited to a maximum of $ 100,000 per year.  Contact your financial advisor for more details.

Give Over Time

Pledges

Many of Schooner Adventure’s donors choose to pledge a monthly or yearly sustaining gift which aids the organization’s ability to plan for educational programming and ongoing preservation and operational needs throughout any given year or time period. This can also be beneficial to the donor’s financial planning as well.

Bequests

Where there’s a will there’s a way. The Adventure is pleased and honored to receive a bequest from the estate of a passionate supporter of our mission. Making a bequest is as simple as adding the Adventure to your will or designating the organization as a beneficiary of a life insurance policy, an annuity or a retirement account.

• A gift of this type may also be excluded from the value of your estate for tax purposes.
• Real estate, artwork and other personal property may also be given to Adventure on a case by case reviewed basis. Please contact us to discuss a gift of this type.

Donor Advised Funds

A donor-advised fund (DAF) is a good way to set aside funds for long-term giving while realizing tax benefits in the year you make the contribution As the grantor, you can set the agenda for future donations from the fund and ensure that the Adventure receives a regular stream of contributions over many years. 

• DAFs can be an excellent way to offset large gains from other activities, such as the sale of a business. 
• Funds can remain fully invested and continue to grow, further enhancing the value of your gift. 

Charitable Lead Trusts

Charitable Lead Trusts (CLTs) are a means of providing a regular annual donation to the Adventure while allowing you to ensure that the original principal benefits your heirs. 

• Annual charitable contributions from the trust may be as a fixed amount or as a percentage of the trust’s assets on an annual basis. 
• Funds can remain invested and grow to provide further value both to the Adventure and your heirs while avoiding estate taxes on the growth of the assets.
• A portion of your contribution may be tax-deductible in the year of the trust’s funding based on the potential value of the charitable gift.

Charitable Remainder Trusts

A Charitable Remainder Trust allows you to retain an income from your assets while ensuring that the Adventure benefits from the remaining principal at your death.

• Annual income benefits to you from the trust may be as a fixed amount or as a percentage of the trust’s assets on an annual basis.
• Investments in the trust can continue to grow, potentially providing you with an increasing income, a greater benefit to the Adventure or both.
• A portion of your contribution may be tax-deductible in the year of the trust’s funding based on the potential value of the charitable gift.

Other Information You May Need:

Schooner Adventure’s legal name: Gloucester Adventure, Inc. 
Tax ID number: 04-3020719
Address: PO BOX 1306, Gloucester MA 01931

The Schooner Adventure can provide you with electronic transfer information upon request. Please contact Director of Development Betsy Hoffman with any questions at 978-281-8079 or bhoffman@schooner-adventure.org.

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