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Planned Giving - Charitable Gift Annuity

Charitable Gift Annuity

How does it work?

  • Make a gift to the museum of cash or securities—our minimum gift requirement is $20,000.
  • The Museum immediately begins to pay you, and/or one other beneficiary (spouse, relative, etc.), fixed income for life.
  • Rates are determined by the American Council on Gift Annuities, and vary by age
  • The remaining balance passes to the Museum when the contract ends.

What are the benefits?

  • Receive an immediate income-tax deduction for a portion of your gift.
  • Receive stable, fixed income for life in return for your gift.
  • A portion of this income will be tax-free.
  • In most cases, you can actually increase the yield you are currently receiving from stocks, CDs, or savings accounts.
  • You can avoid capital gains taxes if you donate appreciated securities to fund the annuity.

Who is this gift best suited for?

  • Beneficiaries are recommended to be at least 65 at the time of the gift.
  • Those already in retirement or receiving retirement funds.
  • Those looking to diversify their investment portfolios with a stable, secure asset that also accomplished philanthropic goals.
  • Those who want to begin receiving payments immediately and want the security of payment amounts that won't fluctuate.