The CAF Alaska Wing is repainting the Harvard!
January 2, 2o18 – (Anchorage, Alaska) - The CAF’s most northern unit, the Col Mike Hunt Alaska Wing is working to repaint their assigned Harvard and are looking for interested volunteers. The aircraft is 66 years old and is long overdue for a new paint job. The project is made possible because of some recent fundraisers and increased activity/ engagement with the community. The group would like to freshen up the Harvard for the 2018 airshow season - especially for Arctic Thunder June 30 – July 1, 2018.
Chuck Miller and the crew at Chaz Aero Aircraft Refinish have generously donated a huge amount of shop time, materials and labor to jump start the project, but the group is still looking for supporters to finish the job.
The $60,000 paint job should end up costing the Alaska Wing $25-$30 thousand, with the cost depending on work required to make repairs if damage is discovered during stripping the aircraft of many layers of paint.
The local group has $15,000 pledged and is seeking another $15,000 to ensure that they can finish the job quickly. Just as important as funding the group is in need of people to help with the labor to polish the airplane to prep for paint this week Tuesday, January 2nd through Sunday January 7th. The laborers need not have any special skills or certifications, just a desire to assist. They will need 2-4 people per day for a full work day of polishing and scrubbing to get the airplane prepped.
If you live in the Anchorage, Alaska area, or know someone who does who may be able to help, please visit or share https://www.cafalaska.org for additional information.
New Tax bill and Year-end Donor Strategies
The U.S. House and Senate passed the tax bill and President Trump signed it into law on December 20, 2017. While the bill was in conference committee there were a number of changes, including some pertaining to charitable gifts. The Commemorative Air Force has identified several items that are likely to be of most interest to donors.
The items below will take effect in January 2018. Currently, they are all set to expire at the end of 2025. Unless Congress acts before then to extend the provisions or make them permanent, they will be replaced by current law starting in 2026. (Note: provisions related to business taxes do not have an expiration date.)
Provisions of note for charitable planning purposes 2018 through 2025:
- The charitable deduction will be retained. Most other itemized deductions will be eliminated. Two that will remain:
- State and local taxes can be deducted in any combination up to an annual limit of $10,000. Currently, there is no limit on the deduction for non-business state and local taxes.
- Mortgage interest on up to $750,000 of debt for married couples filing jointly (MFJ), a decrease from the current $1 million limit.
- An increase in the adjusted gross income (AGI) limitation on charitable gifts of cash (checks, credit cards) to public charities from 50% of AGI to 60% of AGI. The AGI limitation on charitable gifts of appreciated property to public charities will remain at 30%of AGI. Donors who itemize will continue to be able to carry forward deductions subject to either limitation for up to five years.
- A substantially increased standard deduction - $12,000 for singles, $24,000 for MFJ, and $18,000 for heads of households - and repeal of the personal exemption.
- Repeal of the Pease limitation, which under current law phases out up to 80% of itemized deductions for high income taxpayers.
- New and generally lower individual tax brackets, as expressed in percentages: 10, 12, 22, 24, 32, 35, and 37%. The 37% bracket will apply to MFJ with taxable income over $600,000 and single filers and heads of households with taxable income over $500,000. The thresholds for the brackets will be indexed for inflation starting in 2019.
- The alternative minimum tax will be retained for individuals, but with higher exemption amounts and higher exemption amount phase-out thresholds.
- The gift tax, estate tax, and generation skipping tax will continue. However, the exemption amounts for each of these taxes will double to $11.2 million per individual, ($22.4 million for gift and estate tax for married couples).
- Repeal of the 80% charitable deduction for gifts made in exchange for college athletic event seating rights.
Strategies to maximize charitable tax benefits now*:
- The existing tax law is in effect for your 2017 taxes. You may be able to use it to mitigate some consequences with respect to 2018 donations.
- The new standard deduction threshold going into effect in 2018 will mean that some donors may not be able to itemize their anticipated 2018 charitable gifts on that year’s tax return. Clustering your gifts in 2017 may allow their deductibility on this year’s return.
- Gifts made in 2017 of appreciated stock, mutual funds or bonds (held longer than 12 months) can receive a charitable deduction of the full market value, regardless of how much you paid or when they were acquired. You can still select the security having the lowest basis.
- If you are age 70 and ½ or older and have yet to take your individual retirement account’s required minimum distribution, arranging for the IRA administrator to make a direct distribution to the CAF may lower your 2017 taxable income.
Reminder for 2017 gifts
Actions to make certain charitable gifts (such as stocks or from IRAs) must be initiated in a timely manner for our receipt by December 31, 2017. Donations made by check have to be postmarked on or before December 31, and donations via the CAF’s website here must be made by December 31, 2017 at 11:59 p.m.
Thank you for your loyal support. If you have questions or want additional information on making donations to the Commemorative Air Force, contact Floyd Houdyshell, Secretary/Treasurer (firstname.lastname@example.org or (214) 330-1700, x 109) or RozeLyn Beck, V.P., Philanthropy and Development (rbeck@cafhq,org or (214) 330-1700, x103)
* Disclaimer: The Commemorative Air Force (CAF) is not engaged in rendering tax or legal advice. Please consult your tax advisor for specific advice related to your individual situation.
(Dec. 11, 2017) – Noted aviation racer Thom Richard will relate his experiences and discuss the history of air racing in the final Commemorative Air Force (CAF) Dixie Wing Living Aviation History Day program for 2017. The presentation will begin at 11 a.m. Saturday, Dec. 16, at the Museum hangar, 1200 Echo Ct., Peachtree City, Ga., adjacent to Atlanta Regional Airport – Falcon Field. Admission is $10, with veterans and active military members admitted free. Click for details.
Air racing has been an exciting spectacle since the early 1900s. Early challenges like the Schneider prize for seaplanes, launched in 1911, were meant to encourage progress in civil aviation but became contests primarily about speed. The Schneider trophy was a primary influence in increasing aircraft speeds from 150 mph at the end of the First World War to more than 400 mph in 1931. In the 1920s, air racing spurred aircraft development with major events such as the Cleveland Air Races, and proved to be a test of the nation's strengths in aviation technology.
Richard, a citizen of the United States and Sweden, has flown several aircraft types in air races around the United States, including the National Championship Air Races in Reno, Nev. Richard will share his experiences in modifying, maintaining and flying various warbirds in the demanding air race circuit.He started Warbird Adventures, Inc. with a business partner in 1998, and the business grew to three T-6s and a small air museum (Kissimmee Air Museum) at the Kissimmee Gateway Airport in Florida. Richard now owns the operation and has about 15 airplanes, most airworthy, on display. Various other collections are available to the public, including some of his Air Racers.
‘I set my sights on Unlimited Air Racing when I was seven years old after reading a magazine article about the 1979 Reno Air Races,” Richard said. “I did not have the means or time to start racing until 2008. I managed to fly two Formula 1 racers in 2009 and won both the Gold and Silver that year, which apparently had never been done before in the National Championships.”
Richard moved to racing jets in 2010 until he had the opportunity to climb into an Unlimited racer, P-51 Precious Metal, In 2011. He teaches warbird and helicopter flying throughout the United States and England, and flies at numerous aerobatic shows in the P-40 Warhawk, P-51 Mustang and F-4U Corsair. He won the 2015 World Cup (U.S., Africa and Europe) in air racing with Hot Stuff, the world’s only 3M1C1R. He has more than 11,500 flight hours in general aviation flying, of which nearly half is in warbirds.
For more information about Living Aviation History Days or the CAF Dixie Wing Warbird Museum, please go to .
About the CAF Dixie Wing Warbird Museum
The CAF Dixie Wing, based in Peachtree City, Ga., was founded in 1987. The Wing, one of the largest units of the Commemorative Air Force, maintains and flies seven WWII aircraft including a P-51 Mustang, an FG-1D Corsair and rare types such as the SBD Dauntless dive bomber and P-63A Kingcobra. The Dixie Wing organizes two large events a year -- WWII Heritage Days and the Atlanta Warbird Weekend. The unit, composed of 300 volunteers, is a non-profit, tax-exempt organization that relies on contributions of time and funds to carry out the mission of the CAF. For more information, go to .
The is a non-profit organization dedicated to flying and restoring World War II aircraft. Based in Dallas, Texas, the organization has more than 13,000 members and owns a fleet of 174 WWII aircraft.
Public Information Officer
CAF Dixie Wing
Today at Basler Turbo Conversions in Oshkosh, Wisconsin, That's All, Brother's engines had a test run. Please enjoy the video of this major milestone. Thank you for what you've helped us accomplish with your support of this important restoration.
If you would like to support the next phases of work and operations on this unique piece of flying history, you can do so here: https://www.crowdrise.com/c-47-thats-all-brother/
With thanks and well wishes this holiday season from all of us on the That's All, Brother Restoration Team!
VALERO TEXAS OPEN: 12 DAYS OF GIVING
SAN ANTONIO, TX (Dec. 10, 2017)– At the Birdies for Charity® kick-off events in October, Valero Texas Open representatives announced the fourth annual “12 Days of Giving” that will take place December 1-12.
Participating charities and schools will receive $10 proceeds from each Good Any One Day general admission ticket (retail $25 per ticket) sold online at www.ValeroTexasOpen.com/tickets. Ticket purchasers should select the
Central Texas Wing as the charitable recipient they want to support from their ticket purchase.
The Valero Texas Open will also match up to an additional $500 per charity and the charity that generates the most ticket sales will also be awarded a $2,500 bonus (with a minimum of 50 tickets sold).
This initiative not only provides charities an additional opportunity to raise funds, but allows ticket buyers to make the most of their holiday gift giving. Mark your calendar to make your purchase in early December!
With “12 Days of Giving,” donors now have three great ways to give to the Central Texas Wing as their favorite cause through the Valero Texas Open’s Birdies for Charity fundraising campaign.
1) Make a pledge or donate to the Central Texas Wing as one of the 185+ charities participating in Birdies for Charity at www.ValeroTexasOpen.com/birdies
2) Purchase a ticket to the Valero Texas Open during the “12 Days of Giving” on www.ValeroTexasOpen.com/tickets
3) Attend the Valero Texas Open and register your attendance for the Central Texas Wing at the Donation Station.
Each of these will generate charitable contributions back to a variety of deserving organizations while giving donors the opportunity to win prizes along the way, including a Stay and Play Package to TPC San Antonio and JW Marriott San Antonio Hill Country Resort & Spa.
The next edition of the Valero Texas Open will take place April 19-22, 2018 at TPC San Antonio.
ABOUT THE VALERO TEXAS OPEN
The Valero Texas Open is the sixth-oldest professional tournament in golf worldwide, the third-oldest on the PGA TOUR and the longest held in the same city. In 2012, the tournament celebrated its 90th anniversary.
Its list of champions includes some of the greatest names in golf history: Walter Hagen, Byron Nelson, Ben Hogan, Sam Snead, Arnold Palmer, Ben Crenshaw, Hale Irwin, Lee Trevino, Nick Price, Justin Leonard, Zach Johnson, Adam Scott, Jimmy Walker, and 2017 Champion Kevin Chappell, to name a few.
Since Valero became title sponsor in 2002, the tournament has become an annual leader in charitable fundraising among PGA TOUR events. In 2015, we were proud yet humbled to become only the fourth PGA TOUR event to eclipse the $100 million milestone in funds raised for charity. The 2017 edition of the Valero Texas Open raised $11 million for charity, bringing the grand total to over $126 million in charitable giving since 1922.