The generosity and thoughtfulness of those who make gifts to the HSCC help fund the Society’s mission of preserving, presenting and perpetuating the history of Carroll County. There are a number of ways you can do this:
A bequest in your Will or Trust is the simplest and most popular form of planned giving. Through a bequest, you can give cash, securities, real estate, personal property, or a portion of the residue of your estate to the Historical Society or its Endowment Fund. Bequests of Carroll County artifacts and family heirlooms can be made to the HSCC for preservation as part of the museum collection.
Sample Bequest Language
“I give and bequeath unto the Historical Society of Carroll County, Inc. for its general purposes, the sum of $__________ [or percentage of the residue of your estate or description of a particular asset].”
A gift to the “Endowment Fund of the Historical Society of Carroll County, Inc.” would be added to the fund and used to produce an annual income for the Historical Society.
Life Insurance Gift
A Life Insurance Gift could be the donation of a paid-up policy; the gift of an existing policy; an accelerated method of premium payment, or the designation of the Historical Society of Carroll County as a partial or sole beneficiary of the policy. In certain circumstances, Life Insurance Gifts enable the giver to make a sizable donation at a relatively small cost
Life Estate Gifts
A Life Estate Gift is made by deed of a home, farm or land to the HSCC with provision that you may continue to use it during your lifetime. At your death, the property is directly transferred to the Historical Society as remainderman.
A Note on the Tax Benefits of Planned Giving:
While planned gifts are generally not motivated solely by its tax benefits, nevertheless a planned gift to the Historical Society of Carroll County, a tax-exempt, non-profit corporation, can result in significant income, estate and inheritance tax savings. Certain gifts may allow donors to eliminate tax on accumulated capital gains, receive immediate income tax deductions for deferred gifts, or increase annual income. Please consult with your attorney or tax advisor for specific advice on planned giving options.
For more information, contact Executive Director Steven Jakobovic at ExecDirector@hsccmd.org or 410-848-6494 Ext. 202.
Legal Name: Historical Society of Carroll County, Maryland, Inc.
Address: 210 East Main Street, Westminster, Maryland 21157