You can provide for your family first ensuring your assets being distributed accurately and that your philanthropic wishes are met.

How do I do this?

Including a bequest provision in your will or revocable trust to New England Racing Museum (NERM) by having a specific amount, percentage or remaining balance directed to NERM.

Benefits:

1. Your assets remain in your control during your lifetime
2. You can modify your bequest based upon circumstances
3. Gifts to charitable organizations do not have an upper limit
4. Be sure to check with a charitable estate planning representative

Suggested wording for your attorney

After fulfilling all other provisions, I _______ give and bequeath ____ % of the remainder to New England Racing Museum (tax exempt #45-1292067), a New Hampshire nonprofit organization with offices located at 922 New Hampshire Route 106, Loudon, NH 03307. Mailing address of PO Box 7011, Loudon, NH

Your life insurance policy can be used to support the museum.

How do I do this?

Name ‘New England Racing Museum (NERM)’ as a beneficiary or transfer ownership of a paid-up policy. If policy is paid up NERM elects to cash in policy now or receive the life benefits later.

Benefits:

1. Immediate tax deduction for cash value of policy
2. You can modify your bequest based upon circumstances
3. Does not affect your current cash flow
4. Be sure to contact your plan administrator

As a result of high tax rates, you may find that it may make financial sense to allocate the residual amount of these funds to the New England Racing Museum (NERM). NERM would not incur any tax on these gifts that heirs would incur.

How do I do this?

By using the beneficiary designation forms provided by your financial institution, designate NERM as sole or partial beneficiary. You may continue to make withdrawals during your lifetime and any remaining amount in your account after passing will go to NERM tax free.

Benefits:

1. You can continue to make withdrawals during your lifetime
2. You can designate all or a percentage of your account
3. You can change beneficiaries at any time
4. Contact your plan administrator

Have you reached age 73 and are now faced with making RMD (Required Minimum Distribution) from your IRA?

Making a QCD (Qualified Charitable Distribution) to the NERM via your IRA account may be an effective tool in managing your retirement assets and supporting the NERM. Withdrawing a QCD from your IRA is not counted as taxable income like regular IRA withdrawals. It can help you in reaching the RMD required by law. A QCD may be made at age 70 ½ prior to reaching the RMD threshold.

The NERM is providing an option for your planned giving and NOT providing tax or financial advice. Contact your plan administrator, tax adviser or attorney to discuss which option is the best choice for you in meeting your philanthropic and financial goals.

The museum will gratefully accept donations in any amount. The museum’s operator, The Racing History Preservation Group, has been granted 501 (c) 3 status which results in tax advantages for contributions. Funds that are donations are available for immediate use by the museum.

Please contact the museum for more information or call (603) 783-0183 and we would be happy to answer any questions you may have.

Donation to our endowment fund is structured for the principal to remain intact with investment earnings that are an available source of income for the museum to use. Please contact the museum for more information or call (603) 783-0183 and we would be happy to answer any questions you may have.

Benefits:

1. Perpetuates the donors wishes and values
2. Allows for future and incremental funding
3. May offer significant tax advantages
4. Be sure to contact your tax advisor

The museum encourages owners of vintage race cars and other vehicles to consider donating thems to the museum for limited display. After an agreed-upon display period, under this program the museum would be allowed to sell the vehicle with proceeds to benefit ongoing museum operations. The supporting vehicle donation program has a special application for the wills of owners who wish to provide continuing support of the museum after their passing.

This program is also open to donations of certain racing artifacts such as driver uniforms, publications (of which the museum already owns one copy), helmets and trophies.