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Friends of Sycamore Shoals State Historic Park
Your Donations Are Important 
 


The Friends of Sycamore Shoals State Historic Park plays a huge role in helping Sycamore Shoals State Historic Park with park projects and programs.

Friends of Sycamore Shoals State Historic Park is a 501(c)(3) tax exempt organization.  Your donations are tax deductible to the fullest extent allowed by law.  Your support will help us provide the great educational experiences the park has to offer.

Ways to Donate

These tax-wise opportunities are several meaningful ways to contribute to the operations of this historic park while realizing sizeable tax benefits and cost savings for you and your estate.

Gifts of Cash
The simplest way to give.  There is no easier way to make a charitable tax deduction and support this wonderful park than by simply writing a check payable to FSSSHP and mailing per the instructions below or by donating via Paypal. 

                            
 If you itemize, your outright gift of cash is fully deductible for federal income purposes up to 50% of your adjusted gross income. If your total gift exceeds this limitation, the excess may be carried forward for tax purposes for up to five additional years.

Pledges
Take your time to give substantially.  Consider pledging to make payments over a five year period, thereby making it easier to make a substantial gift.

Gifts of Stock
Avoid capital gains.  Giving long-term appreciated stock offers you a two-fold tax savings.  First, you avoid paying any capital gains tax on the increase in value of your stock.  Secondly, you receive a tax deduction for the full fair market value of the stock on the date of the gift.  For tax purposes, the value of such gifts may be deducted up to 30% of your adjusted gross income, with an additional five-year carry forward.

Gifts of Life Insurance
A good policy for giving.  If you own a life insurance policy that is no longer needed, consider it as the perfect charitable gift.  To receive a charitable deduction, name the Friends of Sycamore Shoals State Historic Park as both the owner and beneficiary of the policy.  If the policy has a cash value, you can take a charitable deduction equal approximately to the cash value at the time of the gift.  In addition, if annual premiums are still to be made and you continue to make them, those premiums will become tax deductible each year.

Gifts of Real Estate
Homes, farms, acreage.  If you have owned your home, vacation home, farm, or acreage for many years, a charitable gift of that real estate can be especially tax-advantageous.  The property may have appreciated in value over the years that its sale would result in a sizeable capital gains tax.  However, if you donate such property to the Friends of Sycamore Shoals State Historic Park, you can avoid the tax and, at the same time, realize a charitable deduction for the full market value of the real estate.

Last Will and Testament
Spare your estate inheritance taxes while helping the Friends of Sycamore Shoals State Historic Park.  Even if your estate will not be subject to the Federal Estate Tax, it may be subject to your state's inheritance tax.  By leaving a bequest in your will to the Friends of Sycamore Shoals State Historic Park, you may receive a deduction from the applicable inheritance tax plus your estate will be allowed the same deduction from your final income tax return for the year of your death. 


Please send your tax deductible donation made payable to "Friends of Sycamore Shoals State Historic Park" to:

Friends of Sycamore Shoals State Historic Park
1651 W. Elk Avenue
Elizabethton, TN 37643

For more information, contact:
Sycamore Shoals State Historic Park
1651 West Elk Avenue
Elizabethton, Tennessee
(423) 543-5808
Info@FriendsOfSycamoreShoals.org
www.FriendsOfSycamoreShoals.org