Milwaukee Community Sailing Center

Thoughts On Planned Giving

As we hope most of you know, the Milwaukee Community Sailing Center (MCSC) is knee deep into its Campaign for Today's Youth & Tomorrow's LeaderSHIP, the capital campaign aimed at raising $4.2 million to build our much needed new facility.

We are making excellent progress. As of May 2007 we’ve raised more than $1 million. Donations are arriving from individuals, charitable foundations, businesses and organizations, and special events. We're grateful to everyone who has generously donated in the past, and to those who will donate in the future. Thank you.

Many people would like to make larger charitable gifts to support the MCSC, but concerns about personal and family financial security may make these gifts seem impossible. There are, however, legal and secure ways to help make meaningful gifts while satisfying other important financial concerns.

When making a new plan for the future financial well-being of yourself and loved ones, you may wish to begin with your will. A living trust is often used in place of, or in combination with, a will. Rely on your attorney and other advisors to guide you through the estate planning process, however, during that process many people choose to provide for charitable interests by making gifts through their wills or living trusts (bequests). Bequests can be made in the form of specific amounts of cash, other property, a percentage of your overall estate, or all or a potion of the residue, i.e. "what's left" after all other bequests have been fulfilled.

Make no mistake. Everyone at MCSC wants you to live for a very lonnnnnnnnng time. But if you have included MCSC in your will for a significant bequest after you've passed on, or are considering doing so, it may help the Campaign for Today's Youth & Tomorrow's LeaderSHIP if we know about that now.

For more information about Planned Giving to the Milwaukee Community Sailing Center, please contact Development Director Barbara J. Velez at 414-277-9094 or via email at barbara.velez@sbcglobal.net Thank you and stay healthy.

Tax Deductions
The Milwaukee Community Sailing Center is a 501 (c) 3 organization and this IRS designation may enable you to deduct donations to us from your taxes. This should be discussed with your tax professional and advisor, however, it is possible that donations up to 50% of your AGI (Adjusted Gross Income – Line 37 of the IRS Form 1040) may be tax deductible.

Community Shares/Employer Deduction Plans
The Milwaukee Community Sailing Center is a member of Community Shares, an employee-based giving program available through more than 50 Southeastern Wisconsin employers and state employees. If your company offers the Community Shares giving option please consider earmarking your payroll deducted giving for the Milwaukee Community Sailing Center. If your employer does not currently offer the Community Shares giving option, but is interested in more information, please contact Barbara Velez at 414-277-9094.

Time
The Milwaukee Community Sailing Center can always use an extra hand or two. If you have some spare time in your schedule call Executive Director Peter Rieck at 414-277-9094.