Charitable Gift Annuities

Friends of the Museum who would like to make a substantial gift while considering their own financial needs may find a life income plan advantageous. These types of plans can provide you (or your designate) with income for life and provide important support for Museum of Glass.

A Charitable Gift Annuity is an excellent way to support MOG while ensuring your own financial future or that of a loved one. In exchange for your irrevocable gift of cash or securities, the Museum will provide you with a guaranteed annuity for life with a portion of the income tax-free. You will also receive an income tax charitable deduction in the year you establish the annuity. The rate of return is based on the age of the person(s) who receive the payments-the older the beneficiary, the higher the rate. Gift Annuities are easy to establish. You can take advantage of the benefits of a Museum of Glass Charitable Gift Annuity with a minimum gift of $5,000 (one beneficiary) or $10,000 (two beneficiaries). The minimum age requirement is 50. Low-interest CDs or appreciated securities are wonderful assets to consider using when establishing an annuity.

For more information contact Rosanne Nichols, Director of Advancement at 253.284.2131 or rnichols@museumofglass.org.

This information is of a general nature. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.