Deferred Gifts

Deferred gifts are gifts you can arrange now to be received over time. These methods of giving can often allow you to make a much larger gift than you may have thought possible while providing numerous tax benefits. A deferred gift can often provide an income for the rest of your life and/or the life of a loved one.

A gift annuity is a combination of a gift and an investment whereby, in exchange for a transfer of cash or marketable securities, you and/or another person would receive a fixed annuity payment for life. You can claim a current charitable income tax deduction and a portion of each annuity payment is received tax-free over your life expectancy. Funding a gift annuity with appreciated securities has additional tax benefits.

 

If you can benefit now from a current tax deduction and are interested in supplementing retirement income on a tax-favored basis, the deferred-payment gift annuity may be a perfect way for you to make a gift.

 

Thoughtfully consider a charitable bequest to the Museum & Gallery in your will. This will benefit us while saving you estate tax dollars at the same time. We can be named as beneficiary in a will in several simple ways, such as through a gift of property or through a direct gift of funds. It is also possible to name us as a remainder beneficiary to receive funds only after specific sums have been paid to individual beneficiaries.

 

It is important to note that trusts can be set up to take effect only after your death, and can be arranged in your will.

 

A trust is an arrangement in which you irrevocably transfer money and other assets to a trustee. A charitable remainder trust will provide you (or a loved one) with an income and, after the death of the income beneficiary, will provide a nice gift.

 

More people now use trusts created during their lifetime to provide for the management and final distribution of their assets. You can make a gift by naming us as one of the beneficiaries of your trust at death, or you can give us the income generated by the trust during your lifetime.

 

If you own a home, farm, vacation home, or investment property you may be able to make a gift of the property, receive a tax deduction, and continue to live in your home or work on your farm for the rest of your life.

 

Your estate can save both income taxes and estate taxes if you name us as the death beneficiary of your IRA or other retirement savings plan. You can also arrange for lifetime income to be paid to a family member after your death, with our benefit coming later.

 

 

 

 

Make a gift now to help M&G continue serving you and thousands more!

Make A Gift Now