Additions Solidify Programs
Two new members recently joined the AAPG Foundation Trustee Associates – and in doing so, both made sure that one of the Foundation’s newest and most popular programs would continue to reach students and faculty at the university level.
The new Associates are David Lehman, of Houston, and Bill Ballard, of Billings, Mont.
The addition of Lehman and Ballard raises the Foundation Trustees’ membership to 265.
The program that will benefit is the Digital Products Fund, which provides subscriptions of AAPG material for donor-designated schools.
For Lehman, his support is for a Digital Products University Subscription at Franklin and Marshall College, in honor of the Geoscience Founders Society.
For Ballard, the subscription endowment is for the University of Oklahoma.
The same program also has received the support of AAPG Emeritus member and Foundation Corporation Member Robert Ardell and his wife, Lee, who have designated funding for a Digital Products Subscription for Monmouth College, in memory of professor Donald L. Willis.
The Datapages online university subscriptions provide designated schools with all AAPG publications from 1917 through present, including the AAPG BULLETIN, Environmental Geosciences and AAPG special publications.
For more information on the program contact Rebecca Griffin with the Foundation, at 918-560-2644.
Less than two months remain for donors over age 70-½ to make a charitable gift through their IRAs.
The tax law that expires on Dec. 31 allows individuals at least 70½ years of age or older to support charities like the AAPG Foundation through a gift (up to $100,000) from their IRA without incurring taxable income (no tax deduction).
Distributions made under this law could satisfy the donor’s minimum required distribution for that tax year – especially if they may not need the extra income and do not wish to pay tax on it.
If so, this could be a perfect occasion to increase your support or make a special gift to the AAPG Foundation.
Consult your tax adviser about your IRA, your 2007 gifts and the possibilities to either increase your support or make a special gift to the Foundation.