Nuclear Times Winter 2015
Electricity
F-16
Engage in thrilling, hands-on experimentation with electricity, and explore the dynamic role it plays in the world around us!
The F-16 Fighting Falcon has been fully restored.
nuclearmuseum.org
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Honorary Trustees Pete V. Domenici Senator (ret.) Dr. Murray Gell-Mann Nobel Laureate Richard Rhodes Pulitzer Prize Winner Officers Dr. John Stichman President John Shaw Vice President Pam Sullivan Secretary Marcus Mims, CPA Treasurer Dick Peebles Immediate Past President Trustees Karoline (Karrie) Bota Marshall Cohen Maureen Gannon Dr. Damon Giovanielli Dr. Michael Hartshorne Curtis Mitchke Richard Perry Jody Redeker Alison Schuler Michael Strizich
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CONTENTS 3
LETTER FROM THE DIRECTOR
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ELECTRICITY: SPARK YOUR CURIOSITY
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OBJECT AT HAND: SPEED GRAPHIC CAMERA
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SCIENCE REALLY IS EVERYWHERE AT THE MUSEUM
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DISCOVER STEM WITH LOCAL ENGINEERS AND SCIENTISTS
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WELCOME ELAINE AND DAVID
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TOUR THE HISTORIC TRINITY SITE WITH THE MUSEUM
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MAYDEW - JEBLICK AWARD RECIPIENT
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OUTSTANDING STUDENT AWARD RECIPIENT
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THINK GEEK AT THE 2015 EINSTEIN GALA
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CONSIDER A MEMBERSHIP RETURN ON INVESTMENT (ROI)
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THE CHARITABLE USES OF LIFE INSURANCE
LETTER FROM THE DIRECTOR The Museum had a hugely successful 2014 summer and fall, as we worked to improve our outside exhibit area known as Heritage Park. This very important, 9-acre exhibit area was in need of attention, and though we have a long way to go, we have taken tremendous strides to bring this area of the Museum to a high standard of excellence. In the beginning of 2014, we had the distinct honor of meeting with Major Jerry Hanks, a retired engineer and Marine, who was looking to engage in a project that would truly make a difference at the Museum. After considering many projects, he decided to donate his time and expertise in restoring the Museum’s F-16 Fighting Falcon. Through this particular initiative, Jerry and the Museum decided to honor the New Mexico Air National Guard 150th Fighter Wing, “The TACOS,” by painting the tail flash so that it would look like an original TACOS airplane. This division of the New Mexico Air National Guard has flown combat operations in Korea, Vietnam, Bosnia and Iraq and was mobilized and flew combat air patrol sorties throughout the United States following the attacks on September 11, 2001. The 150th Fighter Wing TACOS operated the F-16 from 1992 to 2003. The TACOS have a proud history in New Mexico, but due to limited access to Kirtland Air Force Base, the general public did not have access to visit any of the aircraft they flew.
Ex Officio James K. Walther Museum Director Trustees Emeritus Jerry Adams Hal Behl Dr. Robert Busch Jim Ferland Dan Hardin Charles R. Loeber Kimberly E.S. Meagher Judith Mead Doug Moody Greg Morrison Harry Mumma Harold Rarrick Lyle Talbot Warner Talso Brig. Gen. (Ret.) H. Tom Taylor Dr. Ruth Weiner
As Jerry stepped in as Project Manager for the restoration of the F-16, the project really started to pick up speed. Jerry assisted the Museum with the relocation of the F-16, moving it from the base where it had been abandoned 17 years earlier, and through a wonderfully collaborative effort, it was restored to the way in which it would have looked on the flight line. Jerry built relationships with numerous organizations, met and promoted the project with donors and suppliers and was deeply engaged in every aspect of this project. Jerry raised close to $20,000 for the project, restoring the F-16 as a fitting tribute to the TACOS. It was also a bit of a family affair for Jerry. His wife, BJ, was found polishing the ordnance under the wings and assisted with planning of the dedication event. Jerry’s son, Ben Hanks, became involved in the project by acquiring the ordnance for the project and mounting it safely.
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LETTER FROM THE DIRECTOR (Continued) One of the most remarkable partnerships throughout this collaboration was that between the Museum and the Central New Mexico Community College’s (CNM) Aviation Maintenance Technology program and their Service-Learning program. This restoration project provided a unique lab experience for CNM students during the summer months, and this became a perfect union. Under the guidance of very knowledgeable CNM teachers, students removed the aircraft’s panels to have them repaired and replaced, they fabricated repair patches for larger damaged areas and they removed and replaced damaged fasteners. It was also a pleasure to wrap-up a long work- week with the students by providing the students with pizza under the plane, accompanied by New Mexico Air National Guard leadership. Smiles were usually seen all around. In addition to the amazing partnership with CNM, Jerry and the Museum also partnered with Makerspace of Montrose, CO, an amazing company that provided the know-how and equipment to actually light the aircraft at night, Precision Fabrication Company of Albuquerque, an organization that donated the
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photo credit:
stands that hold the aircraft in place, Frank’s Supply, a company that donated the lift to safely allow volunteers to work on the highest point of the plane and Sandia National Laboratories (SNL) volunteers and retired New Mexico Air National Guard volunteers. Event the paint was mostly donated. On the evening of Wednesday, November 5, the Museum hosted a Dedication Ceremony for the newly restored F-16 to publicly acknowledge the legacy and historical significance of the TACOS, as they were represented on the airplane’s trim and tail insignia. It was an honor to have Senator Tom Udall, Senator Martin Heinrich and Adjutant General for the New Mexico National Guard, Brigadier General Andrew Salas speak about the TACOS’ mission and legacy. In my mind, the F-16 restoration project was the perfect example of community involvement and support, though it was not the only example in the remarkable summer of 2014.
LETTER FROM THE DIRECTOR (Continued) During this same period, the Museum was able to qualify for participation in the new “Encore Fellowship Program,” a special program organized by United Way of Central New Mexico and Intel where recently retired Intel engineers were compensated and recruited to work on important community projects. The Museum’s application, titled “The Installation of the James K. Polk Nuclear Submarine Conning Tower,” caused quite a stir and resulted in quite a bit of attention and interest by Intel engineers. As it was of course an intriguing project, we were fortunate to partner with Frank Fernando, a recent retiree. This truly historic, naval artifact, measuring 30 feet high by nine feet wide and weighing 53 tons, was acquired by the Museum in 1999, and due to the fact that the Museum’s permanent home had not yet been established, staff and volunteers were not able to proceed with erecting the sail for public display until recently. Under the supervision of Fernando, retired Process Engineer from Intel, and with help from Museum staff, volunteers and various partners - LaFarge for concrete, Coronado Wrecking & Salvage for steel support and J.B. Henderson Construction and Enterprise Builders for excavation - the submarine exhibit was a hub of activity throughout the summer. Volunteers from SNL also donated an exceptional amount of time and expertise to the project, providing ‘skills based volunteers’ to paint and weld.
Again, these are remarkable additions to Heritage Park, but believe it or not, these are not the only things we accomplished. Through an incredible amount of hard work, and with grant funding from the Association of Air Force Missileers, the Museum finished the restoration of the MACE cruise missile. We also painted the cowling and wing tops of the new B-47 Stratojet and repositioned the Honest John truck launcher with a newly acquired rocket. Though this was amazing work by all, and our outdoor exhibit area looks exponentially better, we will forge ahead and look towards the restoration projects that will begin in 2015. If you would like to support these efforts, we are currently looking for approximately ten able-bodied individuals to join the volunteer team who will begin the new restoration season in April of 2015. At that time, we plan to repaint the historic B-29 Superfortress, restore the SNARK Cruise Missile and paint the wings of the B-52B Stratofortress. In addition to these projects, we will likely focus on more initiatives as support is offered by additional partners. I would like to end by thanking a very important partner to this Museum. This local and national company supplied equipment, staff and skills to help with all the work described above, and we truly would not have succeeded without there wonderful help. Our immense thanks go the incredible team at J. B. Henderson Construction Co., our friends and neighbors right here on Eubank Blvd. SE. Thanks to them, we had a magnificent summer.
In late September, the project was nearly finished as the sail received a beautiful coat of black paint and the number “645” were proudly added. This restored artifact, the USS James K. Polk SSN 645 nuclear Sincerely, submarine sail, now stands as a tribute to submarine Jim Walther, Museum Director crews, naval veterans and those who served on the Sincerely, James K. Polk. Jim Walther, Museum Director
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ELECTRICITY: SPARK YOUR CURIOSITY engage in the past in a very unique way. The exhibit includes activities such as sending coded messages through Morse Code, manipulating a compass using electricity, generating enough power to illuminate a light bulb, becoming a human battery and more.
The National Museum of Nuclear Science & History will bring science fun and the history of electricity to life through an engaging, hands-on special exhibition, “Electricity: Spark Your Curiosity.” This interactive exhibit focusing on the wonders of electricity will be on display at the Museum, January 31 through April 26, 2015. “Electricity: Spark Your Curiosity” will appeal to visitors of all ages and will explore the fundamental principles of electricity while providing a fun environment in which visitors will learn how electricity is created and explore the fuel sources needed to generate electricity.
Created by the Franklin Institute, located in Philadelphia, Pennsylvania, this special exhibit analyzes electrical phenomena, explores authentic artifacts and tackles questions of sustainable energy. “Electricity: Spark Your Curiosity,” the special exhibit held at the National Museum of Nuclear Science & History, is sponsored by TriState Generation and Transmission Association, Inc., and Lockheed Martin/Sandia National Labroratories and PNM. “Electricity: Spark Your Curiosity” is included in the price of admission to the Museum. A membersonly and VIP special reception will be held at the Museum on Friday, January 30, from 5:30 to 7:30 pm, for a sneak peek into the exhibition
“Just as Benjamin Franklin engaged in hands-on experimentation with electricity, our Museum visitors will, too,” said Jim Walther, Museum Director. “Whether our guests are creating lightning in a tube or building a simple transformer to create light, they will be able to safely examine electricity while also exploring the dynamic role it plays in the world around us.” This temporary exhibit focuses on key topics in science and history while inviting guests to
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OBJECT AT HAND: SPEED GRAPHIC CAMERA For those of us of a certain age, when one hears the word camera, the first image that comes to mind is not a smart phone but rather a Speed Graphic camera. The Speed Graphic and its more modern derivatives were produced from 1912 to 1973. Speed Graphic’s most recognizable camera was the Anniversary Model. Produced between 1940 and 1946, this “Press Type” camera was used by virtually all major newspapers and magazines. During WWII, the Speed Graphic was standard issue to most combat photographers. The camera was in use from the attack on Pearl Harbor to the Japanese surrender on the USS Missouri. The camera was carried by combat photographers on the landing beaches of Normandy, at Iwo Jima, and everywhere Americans fought. The 1942-1954 Pulitzer Prizes for photography were taken with Speed Graphic cameras, including AP photographer Joe Rosenthal’s image of the marines raising the American flag on Iwo Jima in 1945.
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The National Museum of Nuclear Science & History has in its collection the wartime photographs of Robert Hall. An Army photographer, Hall used a Speed Graphic camera to document bomb damage for the Army Air Forces. Hall started in Europe and was later transferred to the Pacific Theater. He was among the first Americans to enter Hiroshima after the atomic bombing. He photographed the effects the bomb had on people and structures. He also documented life in Japan at the end of the war. Selections of Robert Hall’s original photographs are currently on exhibit. John (Mike) Michnovicz was an Army photographer stationed at Los Alamos during WWII. He used his Speed Graphic camera to document everyday life at Los Alamos. From the chow halls to the dorms, Mike took hundreds of photographs. His daughter Toni and son Jon put a selection of their father’s work in the book, Los Alamos 1944-1947. Images of John (Mike) Michonvicz’s photographs are also on exhibit at the Museum as well as an Anniversary Model, Speed Graphic camera.
SCIENCE REALLY IS EVERYWHERE AT THE MUSEUM! Look for two very special one-day “Science is Everywhere” Day Camps taking place this winter at the Museum! On Martin Luther King, Jr. Day, which will take place on January 19, students who are ages 6 to 12 will enjoy their one-day break from school by experiencing “Summer in January.” Sand, waves, beach balls and more will make for an exciting staycation in the middle of winter! On Presidents Day, taking place on February 16, campers can experience “Method to the Madness” on their one-day break from school. Students will experiment with crazy chemistry, wicked physics and bizarre biology. It will truly make their hair stand on end! The Museum’s education team is also excitedly planning the 2015 Spring “Science is Everywhere” Day Camp. This year, staff will be trying out some thrilling new topics to share with our young scientists. Campers can dive deep into the ocean and learn about amazing underwater science in “Voyage of the Deep Sea,” get messy creating their own “Movie Magic,” light up an LED with conductive dough in “Spark Your Curiosity” and report ‘live’ from inside a storm in “Storm Chasers.” Join us for Spring Camp the week of March 30 through April 3. “Science is Everywhere” Spring Day Camp hosts one-day camps for children who are 6 to 12 years old. Students can explore the wonders of science from 9 am to 4 pm in one or all of the camps! Register online at nuclearmuseum.org under “Learn” for any of the upcoming camps, or call 505-245-2137, extension 103, with questions.
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DISCOVER STEM WITH LOCAL ENGINEERS AND SCIENTISTS
Discover STEM Week and Day 2015 will be another exciting event at the Museum. Monday, February 2 through Friday, February 6, the Museum will welcome students in grades 4-8 for STEM (science, technology, engineering and mathematics) programming at the Museum. Students will engage with scientists and engineers from our Albuquerque community to have fun with all things STEM. This year’s themes include “Nanotechnology” on Monday, “Biomedical Engineering” on Tuesday, “Electrical & Mechanical Engineering” on Wednesday, “Digital Design &
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New Technologies” on Thursday and “Aeronautical Engineering” on Friday. On Saturday, February 7, the Museum will welcome students back with their parents as well as other families, scout groups and the general public for more hands-on STEM activities. Meet scientists and engineers, fly a model airplane, taste ice cream made with liquid nitrogen, watch a Tesla Coil play the “Star Wars” theme song and more. It’s sure to be an electrifying experience for all.
WELCOME ELAINE AND DAVID It is with great excitement that the Museum staff welcomes two new members to the team! Please join us in welcoming Elaine Sanchez, Administrative Coordinator, and David Gibson, Museum Educator. Elaine Sanchez is a native New Mexican who comes to the Museum on a leap of faith, leaving a wonderful career as a tenured Professor of Dental Hygiene at the University of New Mexico. Elaine’s interest in the Museum grew since she became a volunteer in February 2014, and she it truly excited about her new ability to assist all departments in the quest to provide the most successful exhibits and community education programs possible. Elaine has two young sons who mean the world to her, and she enjoys doing triathlons, playing soccer and partaking in other activities in her limited spare time.
David Gibson, also a native New Mexican, is joining the Museum after a long career in construction. After building his family’s home, he started on the journey of homeschooling his oldest daughter, then discovering his love for teaching. Along with teaching homeschool groups in science and engineering, David teaches Sunday school classes and was a tremendously popular teacher in the Museum’s summer “Roboquest” camp. David is truly excited about his new position, as he feels it provides a chance to show children the amazing world in which we live, the discoveries that have been made and the discoveries they themselves can make. David feels very lucky to have a terrific wife and two lovely daughters. They have a hamster named Calico and a corn snake named Mr. Tickles, though he assures us they live in separate habitats, of course!
TOUR THE HISTORIC TRINITY SITE WITH THE MUSEUM The National Museum of Nuclear Science & History will host its 40th tour to the historic Trinity Site on Saturday, April 4, 2015. Trinity is a national historic landmark and was the code name of the first detonation of a nuclear weapon as part of the Manhattan Project. Every year, the Museum hosts visitors from all over the world in an informative and fun, docent-guided tour to White Sands Missile Range, New Mexico. This takes place only once a year, as the site is only open to the public on the first Saturday of April each year. Next year marks the 70th anniversary of the explosion of the first atomic bomb, which took place on July 16, 1945. The Museum’s tour to the Trinity Site will actually begin on Friday evening, April 3, with a docent led talk at the Museum focusing on the “Dawn of the Atomic
Age.” After the talk, the Museum’s knowledgeable docents will introduce themselves and speak on the following day’s itinerary. Saturday morning will come early, leaving the Museum in two motor coaches at 6:00 a.m. for Stallion Gate. Upon arrival to the site, visitors will see Jumbo and tour Ground Zero. After spending the morning at Trinity Site, the group will depart for Socorro to enjoy lunch as a local hot spot, Burger Bodega. The day will conclude with a trip to New Mexico Tech to visit the Mineralogical Museum and return to the National Museum of Nuclear Science & History’s gift shop by 5:00 p.m. For more information about the 2015 Trinity Tour, please contact Molly Brunell at mbrunell@ nuclearmuseum.org or call 505-245-2137, extension 109. Cost of the tour is $80, and seating is limited.
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MAYDEW-JEBLICH AWARD RECIPIENT Each year it is a privilege to honor one individual who has made a significant impact on the Museum through his or her volunteer work. This year, the Museum’s staff and board of trustees are honored to present the 2014 Maydew-Jeblick Award to Jeff Mahn.
to hundreds of students. He has also helped the Education Department create a new program, called Isotope Discovery, aimed at helping high school students build their understanding of the periodic table of elements and the isotopes.
This award has been given since 2000, and it honors the memory of two past volunteers, Randall C. Maydew and Harold Jeblick. Both Maydew and Jeblick made important and long-lasting contributions to the Museum through their service, and the Museum staff are delighted to honor their memories with this award at the annual volunteer holiday party.
Along the way, Jeff has also contributed significant time and energy in the Museum’s exhibit department helping with a large-scale repaint of a MACE missile that is currently on display in the Museum’s outdoor exhibit area and helping to install several of the Museum’s rotating exhibits on display in the Temporary Exhibit Gallery.
As the recipient of the Maydew-Jeblick award, Jeff has demonstrated dedication and leadership as a volunteer. Jeff joined the volunteer program at the Museum in 2011 after retiring from Sandia National Laboratories. His passions are rooted in education, and so he initially began volunteering as an Education Docent and teaching science programs to school-aged students during field trips. Jeff quickly became entrenched in the Museum and soon multiple departments were competing for Jeff’s volunteer time.
Jeff has also proven to be one of the Museum’s biggest advocates for “Operation Preservation, the Campaign to Restore the Airplanes.” Jeff has attended several special events and spent hours talking to people in the community about the Museum and its mission.
This year alone, Jeff has taught many field trip programs
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Jeff’s cumulative impact has been a strong one, in the number of visitor interactions he’s had and the lengths to which he goes to stay actively involved. The Museum is very pleased and honored to have Jeff as an integral member of the volunteer team, and all his efforts on behalf of the Museum are greatly appreciated.
OUTSTANDING STUDENT AWARD RECIPIENT This year the Museum is honored to present the 2014 Outstanding Student Award to Evan Jenkins. This award is given annually to honor a single student whose contribution and impact on the Museum was significant during the course of the past year. To be eligible for this award, a volunteer must be enrolled in a high school or post-secondary institution.
in several hours of Museum work at home to finish his tasks. The National Museum of Nuclear Science & history is truly honored to have such an exceptional student as a member of the Museum’s volunteer team.
Evan used his skills and unique talents to complete a large-scale project for the Museum that would not have been possible otherwise. As a web and graphic design volunteer for the Museum, Evan coded the entire back end of the Nuclear Science Week website, nuclearscienceweek.org, saving the Museum an approximate $12,000 in design fees. This new website engages thousands of people in Nuclear Science Week events, STEM activities and more. Evan’s contribution to the Museum and website was accomplished while attending school fulltime at Southwest University of Visual Arts, while also continuing to work a regular job as well. As further example of his dedication, he has put
UPCOMING EVENTS January 19: Martin Luther King Jr. Day Camp January 30: Electricity: Spark Your Curiosity Members Reception January 31: Electricity: Spark Your Curiosity Opens to Public February 5: Science on Tap February 2-6: Discover STEM Week February 7: Discover STEM Day February 16: Presidents’ Day Camp March 5: Science on Tap March 21: Einstein Gala USS James K. Polk (SSBN 645)sub-sail March 22: Sunday Morning at the Museum March 30- April 3: “Science is Everywhere” Spring Day Camp April 2: Science on Tap April 4: Trinity Tour
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THINK GEEK AT THE 2015 EINSTEIN GALA The Einstein Gala is New Mexico’s biggest science party of the year! This prestigious black-tie event is the Museum’s most important fundraising event and features a cocktail reception with an amazing silent auction filled with the most unique items in Albuquerque, a delicious dinner experience among some of the most brilliant minds in science and history and thrilling entertainment featuring science experiments that will knock your socks off! The evening will also provide the opportunity to honor Gwyneth Cravens, author of Power to Save the World: The Truth About Nuclear Energy and one of the environmental thinkers of “CNN Films: Pandora’s Promise,” as the recipient of the 2015 National Award of Nuclear Science & History. Proceeds from the Einstein Gala help support the Museum’s science, technology, engineering and mathematics (STEM) educational programs for K-12 students as well as professional development workshops for science and math teachers. We ask guests to “Think Geek” for the 18th Annual Einstein Gala - taking place on Saturday, March 21, 2015, at the Sheraton Albuquerque Uptown Hotel - and
prepare to enjoy an evening of scientific fun to raise money for a great cause! Doors will open to a Silent Auction overflowing with uniquely sensational items at 5:30 p.m., and dinner and science fun will follow at 7:00 p.m. This will be an evening to remember, so much so that it flows into the next morning! Those who attend the Saturday night gala are also invited to enjoy “Sunday Morning at the Museum,” taking place Sunday, March 22, from 9:00 to 11:00 a.m. Guests will enjoy breakfast atop the Museum’s very own periodic table of elements in Museum’s foyer, as well meet Gwyneth Cravens and explore the ins and outs of the Museum in a very special Director’s Tour. Purchase your ticket online today, and attend the biggest science party of the year! Visit nuclearmuseum.org to purchase. For further information regarding our 2015 Einstein Gala, please contact Charles W. Lowery II, Director of Development, at 505-245-2137, extension 110.
CONSIDER A MEMBERSHIP RETURN ON INVESTMENT (ROI) Cont’d Are you a successful Investor - one who commits a small amount of money that generates long term and positive results? Do you know how to make an impact - the force of one small action that obtains broad and profound results - on an institution and your community?
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Surprise! If you bought a membership at the National Museum of Nuclear Science & History, consider yourself a successful investor who makes a significant community impact and return on your investment. An example is helpful in conveying how your membership, say at a family level of $75, leverages Museum resources
that ultimately impact your community. The $75 membership can easily translate into a lifetime value of more than $800. So, how is this possible? Renewals over several years, upgrades with additional contributions and additional spending via a family membership profoundly elevates the original $75 investment to $800 or more for the Museum. Activities such as special events, science camps, store purchases, donations for exhibits and sponsorships are some of the additional contributions made by someone holding a family membership level at $75.
CONSIDER A MEMBERSHIP RETURN ON INVESTMENT (ROI) Cont’d Regardless of your level of membership, you are a successful investor who has made a remarkable impact on the success of the National Museum of Nuclear Science & History. Congratulations to every member, regardless of your level of investment, for you are someone who is a successful investor and has made a broad and profound impact on the Museum and your community.
Membership counts, even more than you might have realized. Your investment is appreciated and the Museum staff and board of directors look forward to the continued success you have helped the Museum achieve. For additional information about how to make your investment in a Museum membership, please call Nadine Scala, Membership Coordinator at 505-245-2137, extension 113, or visit nuclearmuseum.org to purchase your membership online.
THE CHARITABLE USES OF LIFE INSURANCE By Howard Friedman, Prudential Insurance Co. Are you looking to make a gift to charity and get the biggest bang for your buck? Life insurance can be an excellent tool for making charitable gifts for a number of reasons. First, the death benefit is guaranteed. This means that the charity will receive an amount that is fixed in value and is not subject to the potential downside of security or real estate markets. Second, through a relatively small annual cost (the premium), life insurance can give you tremendous leverage and help you maximize your gifting goals while tremendously benefiting your favorite charities. Also, by creating a new asset with life insurance, assets earmarked for your family can be kept intact. Third, the death proceeds can be received by your designated charity free of federal income and estate taxes, probate and administrative costs and delays, brokerage fees and other transfer costs. Your charity will receive 100% dollars. Fourth, because of the contractual nature of the life insurance contract, large gifts to charity are not subject to attack by disgruntled heirs.
You can use life insurance in a number of different ways: -Name a charity as the beneficiary of an existing or new life insurance policy on your life. -Make a gift of a life insurance policy you currently own, or donate a new life insurance policy. This will yield a current income tax deduction. Your immediate deduction will be equal to the lower of (a) your cost (premiums paid less any dividends you’ve received) or (b) the value of the policy. You’ll also receive a deduction for amounts you pay to the charity in future years to help the charity pay premiums. -Life insurance may make it possible for you to make an immediate gift of land or some other asset. This concept is called “Wealth Replacement.” You could make your gift of the land to the charity immediately and obtain a very large income tax deduction. With the tax savings, premiums on a new life insurance policy could be paid. The beneficiary of the new policy could be your children or grandchildren. This creates a win-win-win situation: the charity receives a nice gift, you get nice tax savings and your heirs receive nice cash benefits to replace the asset that went to the charity. Contact Charles Lowery, Director of Development, at 245-2137, extension 110, if any of these ideas might be of interest to you.
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