Special Gifts

With some planning, you can ensure that the programs you care about at IYRS and the Museum of Yachting will be sustained for future generations.  You may be able to increase your charitable deductions, or benefit from additional income during your lifetime, while contributing more than you may have thought possible to both institutions.

Gifts of Securities

A gift of appreciated stock, bonds, or mutual funds, if you have held them for more than a year, will provide a greater benefit to IYRS and MoY while avoiding capital gains taxes.  We would be pleased to assist you in transferring securities to support the program of your choice.

Designated Gifts

In addition to support for the operations and education programs at both IYRS and MoY, donors may designate gifts to a range of special projects.  To designate your gift to a particular area of interest, including scholarships, restoration projects, curriculum development, exhibits, facilities or another special project, donate online or send a check and specifics about your designation to the address below.

Scholarship Support

Each year, 40% of IYRS students count on scholarship support to fund their education at IYRS.  Donors may contribute to the Joyce Selig Scholarship Fund which provides current-year support to IYRS students based on financial need.  IYRS also encourages donations to endowed funds, which pay out a percentage each year to guarantee scholarship funding in perpetuity. 

Endowments

Endowed funds support programs in perpetuity and minimize the school’s dependence on tuition and annual donations.  Endowments include dedicated funds for scholarships, instructors, facilities, the education program, exhibits, and special programs.  We encourage donors to support an existing scholarship endowment - or create your own endowment legacy at IYRS and MoY.

Bequests—Including IYRS and MoY in Your Will

A bequest provision in your will or revocable trust will ensure that the programs you are passionate about today will continue for future generations.  Bequests may include cash, property, or a residual share of your estate.  Supporters who have included IYRS and MoY in their estate plans are recognized in the Azimuth Society. 

Planned Giving

You can ensure income during your lifetime, as well as a charitable deduction, through a charitable lead trust, charitable gift annuity, charitable remainder annuity trust, or deferred gift annuity.  Other assets, including retirement accounts, life insurance policies or real estate, can create a lasting legacy while minimizing the tax burden for you or your estate.  Planned gift donors are recognized in the Azimuth Society.  If you think one of these strategies might benefit you and IYRS or MoY, please contact us for more information.

Boat Donations

Donate your boat  to help train the next generation of shipwrights. 

For more information on any type of special gifts to IYRS, please contact Terry Nathan at 401-848-5777 or tnathan@iyrs.org.

IYRS

449 Thames Street

Newport, RI 02840