Your contributions fund the future
When you donate to the USPS Century Fund, you help USPS make the waterways safer for everyone.
What’s more, your contributions will be invested in the Century Endowment Fund, and the principal will be preserved, allowing USPS to build a solid foundation for the future.
Only income from the investments will be used to support activities such as vessel safety checks, Cooperative Charting, membership building and retention, and other squadron development efforts. Last year, the fund made a significant grant to develop a leadership development program, which is currently being taught in districts across USPS.
What better way to show your continued support for boating safety than a contribution to the Century Fund through wills, gifts of appreciated securities, charitable remainder trusts or life insurance. Contact your financial adviser for further advice or Alfred A. Volkmann for information tailored to your particular situation.
USPS is a 501(c)(3) charitable organization, and all gifts to USPS are tax deductible, with some limitations. Click here to make an online donation, or send your check made out to USPS Endowment to P.O. Box 30423, Raleigh, NC 27622.
Read more: Recognitions IRA donation window expires soon
USPS has established four achievement levels for donations.
The Century Club
Your donation of $100 entitles you to become a member of the Century Club, and you will receive a distinctive pin to show your support.
USPS Memorial Walkway
Your donation of $1,000 or more entitles you to an engraved tile that will be placed on the Memorial Walkway, which will be established in front of our headquarters building.
USPS Memorial Wall
Your donation of $2,000 will entitle you to an engraved brick that will be placed on the Memorial Wall to be established inside the headquarters entrance.
USPS Memorial Plaque
For your donation of $10,000 or more, you will be presented with a bronze plaque at an annual meeting bearing your name and chosen inscription. This plaque will hang on a wall within our headquarters building, and you will receive a second smaller plaque to keep.
IRA donation window expires on New Year’s
If you are required to make an annual withdrawal from your individual retirement account, you can donate part of that withdrawal to a charity, according to the Pension Protection Act of 2006. The act allows older owners of IRAs to make tax-free distributions directly to a charity. However, this qualified charitable distribution expires 31 Dec. 2007.
Here’s a look at the rules and how you can benefit:
To be eligible, you must be at least 70½ years old on the date the money is transferred. You are allowed to donate as much as $100,000 to a charity (or charities).
You won’t be taxed on the distribution, and the money you donate counts toward the required minimum distribution that IRA holders in this age group must withdraw from their accounts each year.
The distribution must be made to a “qualified” nonprofit group—a donor-advised fund, for instance, doesn’t count. The money must come from an IRA—401(k), SIMPLE and SEP plans aren’t eligible.
Your IRA custodian must send the funds directly to the charity. (You can’t withdraw the money yourself and write a check.) You can’t take a tax deduction for the donation—but you also won’t be taxed on the withdrawal.
Check with your financial adviser, because the rules differ in some states. –Chester White
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