Charitable Giving Information

The Ninety-Nines offer a number of opportunities for tax deductible giving. Contributions may be designated for any of the major projects, for the permanent endowment fund or for the general support of the organization's operations.

Members are reminded that donations of appreciated assets, such as stock, mutual fund shares, or real estate, may avoid the payment of capital gains taxes by the individual donor. The tax deduction for such contributions is generally the fair market value of the asset as of the date of the donation.

Commemoration gifts may be made to recognize an important event, such as a graduation, anniversary, or other achievement (perhaps the attainment of a goal such as a license or rating). Memorial gifts may honor friends or family members. Gifts may be made for any specific reason or purpose, or for no other reason than to support and honor the gift of flight and the organization which supports us all.

People wishing to include more complex gifts in their retirement or estate plan should discuss their desires with the trustees of the Endowment Fund . Gifts may be structured to provide tax-advantaged retirement income, to provide income for heirs, to provide income to the organization for a period of years with the principal eventually going to other beneficiaries, or to meet just about any other need. The tax advantages of using a charitable organization such as The Ninety-Nines, Inc., in your retirement and estate planning can be substantial. Talk to us.

There are many ways to include charitable gifts in your will or trust, including specific dollar amount or percentage bequests, contingency or residual bequests, or testamentary gifts. If you want your gift to be used for a specific purpose or program, it is important to mention that in the bequest or gift documentation. Such donor intentions will always be honored when they have been specifically stated.

"I give (devise) and bequeath to The Ninety-Nines, Inc., a corporation chartered in Delaware, having its principal office at Will Rogers World Airport in Oklahoma City, Oklahoma, the sum of $_______________(amount) (or _______ percent of my residual estate), to be used for _______________________________(purpose). If I have not specified a purpose for these funds, or if the specified purpose is no longer associated with The Ninety-Nines, Inc., then these funds will be added to the principal of the Endowment Fund of The Ninety-Nines, Inc."

 

For additional information, contact any of the trustees of the Endowment Fund, Amelia Earhart Memorial Scholarship Fund, Amelia Earhart Birth Place Museum, Museum of Women Pilots listed in The Ninety-Nines Directory or International Headquarters, 4300 Amelia Earhart Road, Oklahoma City, OK 73159, phone 1-800-994-1929 or fax 405-685-7985. All requests for information will be treated confidentially.

NOTE: The Endowment Fund Trustees recommended to the Board of Directors that a policy of directing undesignated bequests to the principal of the Endowment Fund be affirmed and publicized to our members. Concern that bequest money will not be preserved to benefit the organization in perpetuity has been a factor in the loss of significant bequest monies over the past seventy years.

March 8, 2002: The Board of Directors approved and directed publication of the "Charitable Giving Information" stated above, as recommended by the Endowment Fund Trustees.