Cash/check is the easiest way to contribute to the Historical Society and will qualify for the maximum allowable tax deduction. It also means that the Historical Society pays the fewest fees in receiving it. Credit cards may also be used, and are a way many people like to earn points/miles at the same time they support the Historical Society. Donations may be mailed to the Glen Ellyn Historical Society at 800 N. Main St. Glen Ellyn, IL 60137. Or you may come to our gift shop, Stacy's Corners Store, Tuesday thru Saturday from 10 a.m. - 5 p.m. to make a donation in person and/or use a credit card.
Marketable or Closely Held Securities:
Appreciated stocks and bonds may be given to the Historical Society, allowing donors to deduct their current market value as a charitable contribution and avoid capital gains tax on the appreciation.
Real estate may be given to the Historical Society at its current market value allowing the donor to receive a full charitable deduction and avoid capital gains tax on the appreciation.
Life insurance can be used to create a major gift for the Historical Society in one of two ways. First, the donor can transfer ownership of a policy to the Historical Society and receive a current income tax deduction in the year the transfer is made. Second, the donor, while retaining ownership of the policy, can name the Historical Society as beneficiary of the policy. Please note that GEHS should be named as the beneficiary of your policy within the policy. Simply designating GEHS as the beneficiary in your will/trust is not sufficient, unfortunately. Insurance policies are disposed of according to the written terms of your policy.
Donors can use an IRA or other retirement assets such as a 401(k), Keogh, or 403(b) to establish a new fund or contribute to an existing fund.
Bequests to the Historical Society allow a donor's charitable intentions to be carried out in perpetuity and can significantly reduce the estate taxes otherwise payable upon his or her death. This ensures that the donor provides a lasting legacy for the causes about which he or she cares most.
Transfer from an Existing Private Foundation:
Administering a private foundation under IRS rules can be burdensome and expensive. Transferring the assets into a donor-advised fund at The DuPage Foundation for the benefit of the Glen Ellyn Historical Society provides a cost-effective alternative for administering these funds well into the future.
Retain Income from a Charitable Gift:
There are many ways a donor can make a charitable gift and still receive income for life or for a specific period of time. Through these methods, donors can retain income for themselves and their spouses while obtaining deductions on current income, estate and gift taxes.
Charitable Remainder Trusts:
This type of deferred gift can be created for the Historical Society through the DuPage Foundation so that the donor or other beneficiary receives a lifetime income. At the death of the income beneficiary, the remainder of the trust passes to the Historical Society to accomplish the charitable purposes specified by the donor.
Charitable Gift Annuities:
The DuPage Foundation offers competitive yields to individuals who make current gifts to the Historical Society but retain for themselves lifetime income. A portion of these gifts may be tax-deductible, and income is guaranteed.
Charitable Lead Trusts:
Provide income to the Glen Ellyn Historical Society's fund at the DuPage Foundation for a set number of years for such charitable purposes as the donor has specified. Then, at the end of that period, the remaining principal of the trust and any accumulated appreciation is distributed to children, grandchildren or other named beneficiaries, often with significant tax savings.
Thank you for taking the time to consider support of GEHS!
Thanks for your interest in giving to the Glen Ellyn Historical Society!
As a 501(c)(3) organization, we count on the support and generosity of our members and donors.
There are many ways to contribute. You can become a member, donate during our annual giving drive each fall, make a donation any time of the year, or consider a larger gift. We offer donors a variety of tax-effective ways to make gifts and achieve your charitable goals, whether it is with a one-time gift, an annual contribution, a donation in your will/trust, a contribution to our endowment fund, or a gift of other property. We are happy to talk with you about what you are considering. The DuPage Foundation administers many of our larger gifts, such as contributions to our endowment fund.
Just click on the donate button, and you will be taken to the PayPal website which will allow you to use your PayPal account or credit/debit card. You do not need a PayPal account in order to contribute. The contact information you supply will be sent to the Historical Society so you can receive proper acknowledgement and appreciation of your gift.
Glen Ellyn Historical Society © 2013