Donate

Donate to our Campus Renovation! We are “Completing the Masterpiece” that is William King Museum of Art.

There are several ways to create a wonderful legacy for the William King Museum of Art through outright or planned gifts that may provide you with tax benefits.

Gifts That Make an Impact Now

Outright Gift

Gifts may be made by cash, check, credit card, or online by using the form above. Pledges may be paid over a period of time up to four years. If your employer sponsors a matching gift program, your gift to the museum could possibly be doubled.

Gifts In-Kind
Gifts in-kind include donations of property other than cash and marketable securities such as real estate, works of art, books, equipment, furnishings, automobiles, software, and licensing. Gifts in-kind that have a fair market value of more than $5,000 require the completion of IRS Form 8283 and a qualified appraisal.

Donate Online

Gifts That Cost You Nothing Now

Estate Gifts
A bequest from your estate may include cash, securities, real estate, and/or personal property. It can be for a specific amount or for a percentage of your estate. If you plan to leave the William King Museum of Art a gift in your will, please let us know. We will count this gift toward your William King Society membership regardless of when it is received. For information on donating, contact Casey Powers at cpowers@wkmuseum.org or (276) 628-5005 ext. 111.

Gifts That Reduce Your Taxes

Marketable Securities

William King Museum of Art accepts gifts of securities via electronic transfers and physical stock certificates. The donor receives a gift receipt detailing the gift value at the average of the high and low price of the securities on the date the transfer is completed. For appreciated securities, donors are credited with the appreciated value of the securities for taxes and gift recognition toward the William King Society.

Donations of appreciated stock(s) held in a taxable account is another effective method of giving.  When one donates appreciated stock directly to a charity, one avoids paying capital gains tax on the appreciation.  This can be a significant tax benefit, as the donor does not have to recognize the gain.  Since one is not paying taxes on the capital gains, one can often give more to the charity as opposed to selling the stock and then donating the after-tax proceeds.  Generally, one can typically deduct the full fair market value of the stock on one’s income tax return, which enhances the tax benefit of the donation.

Gifts From IRA or 401(k) Plans
Gifts may be made directly from your IRA or 401(k) retirement plan to the museum to reduce personal taxes. If you are 70½ or older, federal law requires you to take a Required Minimum Distribution (RMD) from your IRA or 401(k) retirement plan. To avoid recognition of the RMD as taxable income, donors may have their RMD sent by direct deposit to the museum.
Nikki Conway Memorial Art Scholarship

The Nikki Conway Memorial Art Scholarship Fund was established to honor the memory of Leslie Nicole “Nikki” Conway. Scholarships are awarded on an as-needed basis to K-12 students who would like to attend an art class or art camp but who might otherwise be unable to do so due to financial constraints.

Nikki Conway was a child of Abingdon and later the larger world, but she was always most at home behind a camera, before a canvas, or sitting with pen and pad in hand.

Her natural talents were evident early, and as a child they were developed and nurtured through art and photography classes she attended at William King Regional Arts Center (now William King Museum of Art).

After graduating from high school, Nikki was selected for an international study abroad program, an experience that both validated and broadened her interest in art. She received scholarships and attended Hollins University and the Savannah College of Art and Design, the latter among the most prestigious in the country. She later attended the Art Institute of Fort Lauderdale, where she focused more heavily on graphic design, marketing, and advertising.

Following her tragic death at age 29, friends and family felt the obvious and best remembrance of her – and the one that would have meant the most to Nikki herself – was a scholarship fund at the museum she loved so much. A way to give other children what she found there: a place to learn, to explore, and to cultivate the artist within. If you knew Nikki, or even if you didn’t, please open the door to art for a child. They will thank you, so will Nikki, and so will we.

To donate to the Nikki Conway Memorial Art Scholarship Fund, please call Casey Powers at cpowers@wkmuseum.org or (276) 628-5005 ext. 111. Alternatively, you can donate using the form above and specifying in the comment section that the donation is for the Nikki Conway Memorial Art Scholarship Fund. All donations are tax deductible.

 

 

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