Make a Gift
Connect with the history of 20th century mining companies and coal camp towns of Central Appalachia by making a donation to support the Kentucky Coal Museum. Your generosity makes it possible for the Museum to continue their work to preserve the region's history and educate people from around the world about coal mining and the culture of the Appalachian people.
How To Give
Owned and operated by Southeast Kentucky Community & Technical College, the Museum's
fundraising activities are supported by the College s Advancement Office and the Southeast
Education Foundation, Inc. For information on making a tax deductible contribution,
contact VP of Advancement at 606.589.3152.
Giving is easy! Please indicate in the comment section that you want your gift to
support the Kentucky Coal Mining Museum.
This information is not offered as financial or legal advice. Please consult your
financial or legal advisors for guidance on the best method of charitable giving and
potential tax consequences for you, your family, and/or business.
Ways to Give
Current Gifts
Current gifts can include gifts of cash, credit card charges, appreciated securities (shares of stock or mutual funds), or other property. Current gifts provide immediate financial assistance for either unrestricted or restricted purposes.
Pledges
A pledge is a formal Declaration of Intent. It may be followed by an immediate gift, or it may confirm your intention to make a gift in the future. You may choose to complete your pledge by making regular payments over a period of time, which allows you to maximize your contribution.
Gifts in Honor or Memory
Gifts may be made in honor or memory of a loved one, friend or colleague, or business, or to commemorate a special occasion.
Endowment
An endowment is a fund that is permanently invested. Only the annual income generated from the investment is used for an unrestricted or restricted purpose.
Planned Giving
Planned gifts are arrangements that usually require the assistance of a professional advisor to determine the specific tax advantages for you, your family members, and/or your estate.
Closely-Held Stock
You may receive a current income tax deduction and eliminate capital gains taxes for the fair market value of closely-held stock, if valued over $10,000, or at the per-share cash purchase price if valued at $10,000 or less.
Real and Personal Property (In-Kind)
You may give a residence, land, or other real property as an outright gift-in-kind. The value of the donation is determined by an appraisal of the fair market value at the time of the transfer of ownership. In some cases, you may wish to donate property in which you retain an interest. A gift of a remainder interest in a personal residence or farm provides you with a current income tax deduction for the present value of the remainder interest and also permits you to eliminate capital gains taxes on the appreciation. Donations of personal property such as equipment, books, art, and jewelry, may also be contributed under special guidelines established by the IRS.
Life Insurance
The gift of life insurance provides you with a charitable contribution for the present cash surrender value. Also, future premium payments made following the transfer of ownership and beneficiary status of the policy are also tax-deductible.
Bequests
A provision in a Will allows for a substantial contribution without diminishing assets during your lifetime. Since bequests are deductible from the estate, significant tax savings are possible. The Advancement Office can provide you with sample wording to include in your Will.
