Donations & Charitable
Gifts
The
NRHS, in its mission to preserve our rail heritage and to
educate current and future generations about railroads and
their history, gratefully accepts both monetary and non-monetary
donations and gifts. Questions concerning these or other types
of donations should be directed to our National
Office.
Monetary Gifts Monetary
gifts help us maintain our current programs and expand into
new ones.
The
NRHS takes two forms of equally safe on-line donations:
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Donate Using
Your PAYPAL Account
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Donate Using
Your Credit Card
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Montery gifts may also be mailed
to our
our National Office, though we do
not suggest that you send cash through the mail.
Other
gifts that can help the NRHS:
- Historical
Items (railroad papers, railroadiana, books, pictures,
railroad company materials, timetables, films, videos,
slides, oral histories, etc) and other materials suitable
for preservation in a library or museum are much appreciated.
Items in small quantities and sizes (suitable to send
through the U.S. Mail) should be mailed directly to us
at our National Office For large items or large quantities,
please contact us first. See more below about your Railroad
Estate.
- Non-monetary
Gifts items such as stocks, bonds, real property etc.
also help us further our mission and ensure our future.
- Designated
Gifts for a Specific NRHS Project. We gratefully accept
gifts for specific projects, particularly in support of
on-going initiatives such as RAILCAMP and our RAILWAY
HERITAGE GRANTS.
- Estate,
Trust, or Foundation Bequests - An excellent way to
help the future of the NRHS is to designate the NRHS as
a beneficiary of your will, foundation, or trust. See
more below about your Railroad Estate.
For
purposes of monetary gifts you should make them payable to National
Railway Historical Society.
If
you have concerns about privacy, rest assured that we frequently
handle gifts and donations where the donor has requested to
remain anonymous.
The
National Railway Historical Society, Inc. is a non-profit 501(c)(3)
corporation. Donations to the NRHS are tax-deductible to the
maximum extent allowed by law.
Your
Railroad Estate?
ESTATE
- THE DEGREE, QUANTITY, NATURE AND EXTENT OF INTEREST WHICH
A PERSON HAS IN REAL AND PERSONAL PROPERTY - Black's Law
Dictionary
If
you are interested in railroading you have likely accumulated
a collection of railroad books, artifacts, photographs and memorabilia
that represent a significant investment in money and time. Many
railroad books are out of print and will be of value to future
railfans and rail historians. Public timetables of private inter-city
carriers have disappeared from the American railroad scene.
Original timetables are already so important that many issues
are being duplicated for sale.
The
time may come when it will be the responsibility of your heirs
to dispose of your rare and unique railway collection. It would
be a tragedy if your railroad estate is disposed of inappropriately
by persons not realizing its monetary value, and more important,
its value to the rail historian and railfan. To help make certain
that your railroading estate is administered in the manner best
for you, your heirs, and for the future of railroad history,
we make a few suggestions:
Please
remember this: We have not examined the Probate Laws of Descent
and Distribution in any particular State or Province. These
laws are unique to each State or Province. This essay is not
a substitute for legal advice. It only makes suggestions in
one area of your estate because of the uniqueness of that area
direct applicability to the Society's mission.
1.
Make sure you have a current and valid Will. Your Will is the
only way that you can direct disposition of your property after
your death. If you have a Will, these suggested guidelines may
assist you in the matter of estate planning. If you do not have
a Will, you should consult your attorney in drafting one.
2. It is not necessary that your Will contain any specifics
for the disposal of your railroad estate unless you have an
organization or individual to whom you would want to make a
gift. Many of us will have an individual or institution in mind
- a good railfan friend, a museum or library. Make sure before
you leave such a large or unusual collection to a museum, library
or other such organization, that the institution is prepared
to handle your bequest and can use the gift.
3.
Having written a Will, particularly if you do not make a direct
gift of your railroad estate to a person or institution, you
should provide your heirs an important tool with which to work
in the disposal of your railroad estate. This is a document
containing an inventory of your railroad collection and the
suggested disposition and value of the articles contained in
the railroad estate. Be realistic in doing this. Some of the
things that you have collected over the years may be "priceless"
to you, but have little actual value on the market. On the other
hand, some things, such as a collection of passenger timetables
of the 1920s and 1930s may look like trash to your executor
or administrator, but have both a monetary value to your heirs
and substantial value to other rail historians or fans. On the
inventory that you prepare, be certain to list each item which
you feel to have a value on the open market. Specify on the
inventory a description of the item and its "estimated liquidation
value".
4.
If you feel that your heirs or executors will need some assistance
in the appraisal of your railroad estate or in its disposal,
make some suggestions on the inventory as to whom might be contacted
for such assistance. If you belong to a local NRHS Chapter,
it may members with sufficient expertise to help. It might be
suggested that your heirs refer to TRAINS Magazine or other
railfan or industry publications for the names and locations
of dealers in railroad artifacts. Many railroad museums have
staffs qualified to appraise a railroad estate and make suggestions
for its sale. Assistance in locating these individuals or organizations
may be available from the NRHS National Office.
5.
You, and only you, are really familiar with your railroad estate,
and you are the best judge as to its value. Your spouse, children
or other heirs have no conception as to its monetary value or
intrinsic value to the world of railroad history. Leave them
something to use as a guide in disposing of your railroad estate
and in determining its true value so that your railroad estate
is not sold for a fraction of its true worth, or worse, thrown
in the trash and lost to future generations of railroaders,
historians and fans.
5.
Because of numerous requests for form examples to make gifts
under Wills to the Society, suggestions of form examples for
your consideration are at the end of this essay. No form can
be a substitute for legal judgment. As a consequence, no form
should be used unless, after careful review, it is the professional
judgment of a responsible lawyer that use of the form will accomplish
the particular objectives and intentions of the testator making
the Will. The National Railway Historical Society and its officers
cannot assume and do not assume any responsibility for the results
of the use of the forms in individual cases. [Notice: read
carefully the above comments and instructions regarding the
use of these form examples.]
TO
LEAVE A GIFT OF CASH TO THE NATIONAL SOCIETY: "I bequeath
to the National Railway Historical Society, Inc., a Maryland
corporation, NATIONAL RAILWAY HISTORICAL SOCIETY, 100 N 17TH
ST, STE 1203, PHILADELPHIA, PA 19103-2783, the sum of $_________.
This bequest is unrestricted and the Society may use and expend
the same for the benefit of the Society in any manner that
it deems appropriate".
TO
LEAVE A GIFT OF PERSONAL PROPERTY TO THE NATIONAL SOCIETY:
"I bequeath to the National Railway Historical Society, Inc.,
a Maryland corporation, NATIONAL
RAILWAY HISTORICAL SOCIETY, 100 N 17TH ST, STE 1203, PHILADELPHIA,
PA 19103-2783,
(here generally describe the gift to be made, i.e., book library,
timetable collection, etc.) in fee".