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FAQ

  • What is the mission of The 1928 Foundation?

    • To preserve, maintain and restore our historic buildings, the seawall, to support the local ecological integrity and environmental preservation of the land abutting the ocean and the river in part through scientific research, studies and education and all other educational, scientific and charitable purposes allowable under Section 501(c)(3) of the U.S. Internal Revenue Code. 

 

  • Is my donation tax-deductible?

    • Yes, to the fullest extent of the law as defined under Section 501(c)(3) of the U.S. Internal Revenue Code. 

 

  • Is this a one-time only ask?

    • No. As older historic buildings and grounds need upkeep, this foundation will be in place for perpetuity, providing financial support. 

    • The goal is to eventually build an endowment where interest earned may cover costs and the principal may be required should there be a catastrophic event. Providing for future needs is a prudent and wise plan.

 

  • How can I make a donation?

    • Cash donations: Checks may be sent to:
      The 1928 Foundation
      P.O. Box 353 
      Narragansett, RI  02882

    • Securities: Publicly traded securities may be gifted to The 1928 Foundation. Appreciated securities offer an excellent way to gift and avoid paying a capital gain on a security. Please contact Jenna at Jenna@ParCap.com for more detailed instructions.

    • Donor Advised Funds:  Directed donations through your Donor Advised Fund. Please contact us at the1928foundation.org for tax id information. 

    • IRAs: For those over 70.5 years old, a direct transfer from one’s IRA to The 1928 Foundation up to a maximum of $108,000 (in 2025) is excluded from your taxable income.  If you are subject to required minimum distributions (RMDs), such a direct transfer also will count towards your RMDs.  Consult your tax advisor should you have any questions.

    • Multi-year commitments to The 1928 Foundation are welcomed and encouraged. A letter of commitment is kindly requested. 

    • Planned Giving from one’s estate, charitable foundations and beneficiary designations are welcomed. 

    • If you have any questions regarding methods of giving, please feel free to contact Peter Hunt at Parsons Capital, Peter@ParCap.com or Jenna Clegg,  Jenna@ParCap.com and 401-521-2440.

 

 

  • How is a donation to The 1928 Foundation different from the current assessments?

    • A decision to assess members came after the 2023-2024 winter storms which inflicted damage on the dunes and the seawall. It became apparent that the wall rebuilt in 1991 needs improvements to protect the clubhouse and lawn. 

    • The creation of The 1928 Foundation has arisen from the realization that the future physical health of the properties needs to be supported in a fiscally responsible way for generations to come.

 

  • Do you accept matching gifts from my company?

    • Absolutely!  If your company has a matching gift program please fill out the forms that your company requires.  Checks can be sent to:

      • The 1928 Foundation

      • P.O. Box 353 

      • Narragansett, RI  02882

    • Please have them contact The 1928 Foundation via email at info@the1928foundation.org or Peter Hunt at Parson’s Capital, 401-521-2440.

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