Based on the current higher income tax rates and the fact
that The Society of Naval Architects and Marine Engineers can
receive contributions which are tax deductible by the donor,
a contribution to The Society may be attractive for various
individuals. Contributions may be made to fund
scholarships, technical and research activities, and
various other activities of The Society. A Charitable contribution produces a deduction to the
donor and offers a way to reduce your income tax bill,
accomplishes the goals and purposes of The Society,
accomplishes your desires, and is consistent with your
interests inThe Society. You can dedicate your contribution
specifically to the granting of scholarships, or any
other specific activity of The Society which is consistent
with your interests. A donation by a donor, in order to be tax deductible for
a particular calendar year, must be made before December 31
of that year. Contributions can be made by cash (by check), which is
the most common form of gift, or of stocks, bonds, mutual
funds and various other types of property. Gifts of
appreciated property may be of particular interest for donors
who wish to make contributions. If you have any questions concerning how to make a gift
or the easiest way to make a gift of appreciated property or
if you would like more information, please contact Mr. Philip Kimball Executive Director