The Friends of Sycamore Shoals State Historic Park plays a huge role
in helping Sycamore Shoals State Historic Park with park projects
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
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
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.
Take your time to give substantially. Consider pledging to make
payments over a five year period, thereby making it easier to make a
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