endowment
The J Lee Foundation for the Arts & Sciences draws its scholarship awards from a privately operated endowment fund. We welcome and encourage contributions to the endowment from businesses, organizations and the general public.

The cost of staff and administration of the Foundation is borne by the resources of Cedar Creek Management Group. No Endowment Fund monies are used for administrative expenses.

One hundred percent of donations to the endowment fund go to help our scholars.

The J Lee Foundation for the Arts & Sciences is a 501(c)3 non-profit organization. Contributions to the endowment fund are tax-deductible.

Contribute On-line via PayPal:
You can use your credit card to contribute to the Endowment Fund to us online by clicking the “Contribute” button in the box on the right of this page. Transactions are processed through Paypal, although you do not need a Paypal account to donate to us online.

To Contribute with a Check or Money Order:
Please make checks payable to J Lee Foundation for the Arts & Sciences” .
Mail your contribution to:
Lawrence A. Misiti, CPA
J Lee Foundation for the Arts & Sciences
P.O. Box 286
Beaver, WV 25813

Other Ways of Giving
Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. As with all tax and estate planning, please consult your attorney or estate specialist.

Memorial Gifts
Honoring the memory of a deceased friend or loved one is a wonderful way to celebrate his or her life, as well as support our vital community services. Likewise, honoring the special occasions and accomplishments of a friend or loved one with a contribution to J Lee Foundation is a wonderful way to share your joy and celebration.
When a memorial donation is made, we notify a family representative of the contribution made in their loved one’s name.

Planned Giving
Gifts of this nature should be carefully considered in relation to your comprehensive financial and estate plans. You should consult an attorney or financial planner prior to making a planned gift due to state laws, changing tax codes, and other issues affecting planned gifts.

Bequests
You may choose to make a provision in your will for the J Lee Foundation. These bequest and trust arrangements often allow donors to provide significant and meaningful financial support for the Foundation’s scholarship work above and beyond that which is possible through a current gift. Such gifts are very important to the long-term future of the J Lee Foundation’s endowment fund and are encouraged in conjunction with a current gift. Please consult legal advice on the preparation of your will and bequest amount.

Donations of Securities & Investments
Donating securities and investments directly to the J Lee Foundation may provide substantial savings on capital gains taxes as well as an income tax deduction. Because of tax considerations, it is usually more beneficial to contribute securities directly to the Foundation rather than selling them and donating the proceeds.

IRAs and Life Insurance
It is easy to make a future gift by designating the J Lee Foundation for the Arts & Sciences as a beneficiary of your IRA or other retirement plan without penalty while still providing for your family. Contact the trustee who manages your retirement plan to request a beneficiary designation form. You may then designate that a specific amount or a percentage of the plan ultimately be donated to the J Lee Foundation.
Choosing to name the J Lee Foundation as the irrevocable beneficiary and owner of a life insurance policy may provide you with immediate and long-range income and estate tax benefits. Because of the complexity of insurance policy gifts, donors are encouraged to consult IRS rules and their tax advisors.

 

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