September 25th THE SIGNATURE

I wanted the opportunity to thank the 15 folks, representing seven Huerfano County nonprofits, that came to the nonprofit giving forum, on Sept. 3^rd. We enjoyed helpful information by our speaker, good networking with one another, and the shared conclusion that we MUST do this again. For those wondering, though the museum itself is not a nonprofit, because it is a town entity used solely for community purposes, it shares most benefits and characteristics of a traditional 501 c3. Additionally, it coordinates regularly with two involved nonprofits - Friends of the Francisco Fort Museum, and the Huerfano County Historical Society. There is a lot of research, current and emerging, to suggest that museums are and can be a powerful catalyst for social change, and I am excited as the Director to see our museum working towards that, by coordinating efforts with other county organizations, aimed at improving our community.

Let me share a few key points with you from a handout our speaker was gracious enough to have prepared. This is wonderful information for anyone considering a contribution to the Town of La Veta, for the museum. If you would like a copy of the complete presentation, let me know.

What I Need to Know About Museum Donations (always consult first with your CPA or attorney)

• Cash, property, and in-kind donations to the Francisco Fort Museum are tax-deductible.

•The fair market value of your donated materials is generally tax deductible. To take advantage of your deduction, you must file tax form 1040 and, depending on the value of your donation, tax form 8283.

•To ensure that you receive the maximum tax benefit, it is recommended that you consult with your own accountant, attorney, and/or the Internal Revenue Service. You may also consult Internal Revenue Service Publication No. 526, Charitable Contributions, and Publication No. 561, Determining the Value of Donated Property.

•Museums provide donors with a written record of their donation.

•The most useful donation you can make is an unrestricted donation.

• Once donated, the Museum assumes responsibility for the care and display of collection items.