Planned Giving &
Other Ways to Give

Give today or plan a gift for the future

Magnify the impact of your gift while supporting powerful maritime experiences by donating stocks or other assets that (a) have gone up in value and (b) you’ve owned more than 12 months.

Information to give your broker:

Investment Firm Name: Gale Investment Management
Firm Mailing Address: 425 Washington St., Port Townsend, WA 98368
Firm Contact Name, Number, and Email: Stephanie Gale, 360.385.5044, stephanie@galeim.com
Account Title: Northwest Maritime Center
Account Number: 0QF364541
DTC Number: 0226
NWMC Tax ID Number: 91-1931643

Don’t forget these two things:

1. Remind your broker to include your name and contact information in the DTC comment field.
2. Please alert us when you donate securities. It’s the only way we’ll know of your generous gift.

A note on valuation: The value of a gift of stock is the mean between the high and low stock price on the date the gift is made. The value of gifts of mutual fund shares is the fund’s closing price on the date the gift is made.

Give today or plan a gift for the future

If you turned 72 in 2022 or earlier, you can make a contribution of up to $100,000 directly from a traditional IRA to your charitable causes. The transfer is tax-free and can help satisfy your required minimum distribution (RMD).

Information to give your custodian:

Northwest Maritime Center
431 Water Street
Port Townsend, WA 98368
FEIN: 91-1931643

You can also request to receive your own checkbook for your IRA account. That way, you can write and send the check yourself, and your gift would still be an eligible RMD.

The Northwest Maritime Center does not give tax or legal advice to donors. Please consult your professional financial advisor before making this type or charitable gift.

Plan a gift for the future

You can include the Northwest Maritime Center in a trust, will, or other estate plans. You can make a bequest to the NWMC through a simple amendment if you already have a will, or name the NWMC as a beneficiary in your trust. You retain full control of your assets during your lifetime while knowing that your gift will have a lasting impact.

Please consult a lawyer regarding the specifics of your estate and how your will or trust should be worded to best communicate your wishes. You can, however, use this basic language to include the NWMC in your estate document:

Plan a gift for the future

Reduce your taxes, provide a potential income stream for yourself and loved ones, and support the mission of your favorite charity or charities: you can accomplish all three through a charitable remainder trust (CRT). A CRT is an irrevocable trust designed to reduce your taxable income by first dispersing income to your beneficiaries for a specified period of time, and then donating the remainder of the trust to your designated charitable organization(s).

*Please consult your professional financial advisor about setting up a charitable remainder trust.*

Plan a gift for the future

You may have a life insurance policy that you took out years ago for specific purposes but no longer need today. In this case, you could designate the Northwest Maritime Center as the beneficiary of that policy.

An easy way to make a larger gift over time is to make a gift of a new policy for charitable purposes, which would also give you an income tax deduction. In addition, future premium payments will be tax-deductible.

Please consult your insurance agent or financial advisor about the various ways you can use insurance policies to meet your charitable giving goals.

Plan a gift for the future

You can designate the Northwest Maritime Center as a payable on death beneficiary of a CD, savings account, brokerage account, etc. Often this is simply a form you fill out; speak with the manager at your financial institution. These gifts are revocable during life.

Give today or plan a gift for the future

When you donate your boat, it will be sold to raise funds to support our activities. You get a tax deduction, and programs that connect people to the water are all the better for your generosity.

Donate your used boat hardware to the Marine Thrift. You get a tax deduction, boaters get amazing deals, and we all do our part to reduce the waste stream.

Nautical books, charts, magazines, and journals may find new life on the shelves of the H.W. McCurdy Library and in the hands of avid readers of all things nautical. Our collection is a public service to our community: the McCurdy Library is part of the Cooperative Libraries of the Eastern Olympics.