Thanks to Businesses Supporting Our Ongoing Activities

A number of businesses and local individuals continue to support our efforts related to the maritime heritage of our area.  We thank the following who have made donations to our special events, for our youth boatbuilding programs and for activities at the Richardson Maritime Museum and Ruark Boatworks:

Museum Offers Businesses Tax Credits For Contributions

The James B. Richardson Foundation, parent organization of the Richardson Maritime Museum, continues to offer businesses Maryland state tax credits in exchange for targeted contributions. Almost $20,000 in tax credits are still available.

The Community Investment Tax Credit (CITC) Program (formerly the Neighborhood Partnership Program), run by Maryland's Department of Housing and Community Development, awards the tax credits to eligible non-profit organizations that apply for entry into the program. Businesses contributing $500 or more under the program earn a tax credit of fifty percent of the amount of the contribution.

This credit is taken against the company's Maryland state tax liability and may be claimed in addition to the regular federal and state charitable contribution deductions, making the out-of-pocket expense to the business as little as eight cents on the dollar, depending on its tax bracket.

Any business, including sole proprietorships, with a Maryland state tax liability is eligible for participation just by making a contribution to the Museum and filling out a simple one-page form. Contributions under this program are targeted to two specific projects.

Neighborhood Partnership Program tax credits will help raise funds for renovations to the Richardson Maritime Museum's Boatworks.

One is the renovations of the Boatworks, the century-old building being used for our boatbuilding and restoration activities. The other is for preliminary site development for the Richardson Maritime Heritage Center to be built in coming years on our Cambridge Creek property.

Participation in the CITC program, and the local businesses that are making generous contributions to the Museum under this program, are laying a foundation on which we will build our future and we greatly appreciate their support.

For information on how to make a contribution to the James B. Richardson Foundation under the Community Investment Tax Credit Program, please contact the Museum at 410-221-1871.

Planned Giving - Leave a Legacy

By including the James B. Richardson Foundation in your financial and estate plans, you may increase your current income and provide future support for areas of the museum important to you. Often you can make a larger gift than you might have thought possible, while also benefiting yourself. You can also leave your legacy by making a planned gift in memory of someone. Planned giving is an opportunity for you to help the James B. Richardson Foundation during and beyond your lifetime.

LEAVE A LEGACY^¢ç is the public awareness campaign conducted by the National Committee on Planned Giving^¢ç. The goal of the LEAVE A LEGACY^¢ç program is to increase the quantity of charitable legacy giving across North America. The James B. Richardson Foundation, Inc., is a proud partner of the LEAVE A LEGACY^¢ç program.

For more information about how you can include the James B. Richardson Foundation in your estate plans, or to learn more about making an income-producing gift, such as an annuity gift or a charitable remainder trust, please contact the Richardson Maritime Museum at 410-221-1871.