Make an irrevocable gift to a fund maintained by a charitable organization and enjoy an income tax charitable deduction for the full amount of the gift. As the name implies, you can advise the fund regarding distribution; however, you may not place material restrictions on the fund.
Create a trust that can be revoked or changed during your lifetime that directs the disposition of your assets, including charitable gifts. A revocable living trust can minimize the cost and delays associated with probate, facilitate asset transfer, provide privacy and, unlike a will, ensure asset management continuity in the event of disability.
Transfer up to $100,000 (annual aggregate amount) directly from an IRA to us. The gift, available to those age 70½ or over, counts toward your RMD if one is due, and you pay no tax on the distribution.
Donate a home and retain the right to live in the property for the rest of your life. Qualify for a current income tax charitable deduction for the value of our remainder interest in the home.
Create a charitable lead trust that benefits us for a number of years, returns assets to your beneficiaries, and minimizes taxes.
Donate closely held stock. You enjoy a charitable deduction equal to the appraised value of the stock with no capital gains tax due.
Donate gift property that can be used for our exempt purposes, and qualify for an income tax deduction for the full fair market value.
Contact us for more information about additional methods of giving.
Making a planned gift—whether by including a bequest to the Museum in your will or by naming CHM as the beneficiary of a charitable remainder trust, life insurance policy, or retirement fund—provides essential support for the Museum’s future. Planned gifts can offer significant tax advantages and in some cases generate lifetime income for you or your chosen beneficiary.
Learn more about Estate and Gift Planning at CHM.
For a deeper look into various estate gift topics, explore our Planned Giving Resources Library.
For more information on how these gifts might work for you, contact us to learn more about Estate and Gift Planning.
