One of the simplest ways to support the Museum's future, a bequest provides a gift for the Boca Raton Museum of Art in your will.
Charitable Gift Annuities
An agreement between you and the Boca Raton Museum of Art that provides you with regular fixed payments annually (an annuity) for life in exchange for transferring assets to the Museum. This program is managed and administered by Wachovia Bank.
Charitable Remainder Trusts
An agreement between you and a trustee that can provide fixed or variable income to meet your specific financial needs, at the termination of which the remaining assets are passed to the Museum.
Charitable Lead Trusts
An agreement between you and a trustee that provides income to the Boca Raton Museum of Art for a period of years, at the end of which the trust property typically passes to an heir.
Retirement Assets, Life Insurance, Real Estate
President Obama has renewed the bill that allows donors age 70 ½ and older to withdraw up to $100,000 each year from the total of all their IRA accounts tax-free if they give the money directly to a charity. This opportunity will only be in effect for one year (through 2013) causing a significant flow of money to charity. Any distribution to the Museum counts towards the donor’s required minimum distribution from their IRA accounts even though the Museum, and not the donor, is the recipient.
Request additional information about using these assets as a gift to endow the future of your Museum!
Please contact Christine Mally, Director of Development at 561.392.2500, ext. 203 for a confidential, detailed calculation for your situation. The information presented here is intended to provide an overview of some of the many ways you can contribute to the Museum.It should not be considered tax or legal advice.