Ways to Give
Gifts of cash by check or credit card are available for use immediately by the museum. However, they may be designated for special purposes….
Appreciated stocks or bonds can be donated and may be deducted for income tax purposes at full fair market value on the date of the transfer, with no significant capital gain tax liability.
Gifts of real estate usually allow the avoidance of capital gains tax and provide a charitable deduction. Lifetime occupancy of a donated residence may be retained through a trust.
Art, antiques, jewelry and other valuables are a few examples of gifts of personal property.
Many companies will match donations to non-profits by their employees. Donors are urged to check with the homan resources department at their place of employment to see if their company matches charitable contributions.
Consider a perpetual gift to the museum. A bequest or gift made through your will and delivered after your death is an ideal way to protect your family’s future, retain flexibility, support our mission and gain tax advantages. By including the Montgomery Museum in your will you can be part of the education of future generations. You can bequeath a percentage of your estate, a fixed dollar amount or a specific personal property to the museum.
You may have a paid up life insurance policy that you purchased to fill an need that may no longer exit. This policy may be given to the museum with tax benefits for the donor. The donor may also buy a new policy and name the Montgomery Museum as the beneficiary.
Your tax adviser can discuss various trusts and other forms of deferred contributions that may benefit the Montgomery Museum and provide lifetime income for you or a loved one. Please consult with your lawyer or financial adviser for specific tax benefits applicable to your personal situation.