Asset to Give
Art. The Museum accepts gifts and bequests of fine art, sculpture and photography, subject to its’ Accessions Policy.
Cash. Donors may make planned gifts with cash by making a general bequest, a specific bequest, or a contingent bequest. Examples of each are provided in the “Will Wording” section. The bequest can be made in either a will or a trust.
Interests in business entities. Donors may make planned gifts with interests in business entities (example: closely held marketable securities, interests in limited liability companies, partnership interests).
Life insurance. The proceeds are payable to the beneficiaries you’ve named under the options you selected in your policies or subsequent endorsements. A beneficiary can include a charitable entity.
Real estate. Real property (like your house, farm, land, cottage, condo or commercial property) that has been held long-term makes an excellent charitable contribution. If you would like to continue living in your home, you can give us your home but enjoy its use for life by setting up a retained life estate. Multiple owners (where applicable) must join in the gift.
Retirement plans. After your lifetime, these benefits will be paid to the beneficiaries you have designated in the plan. A beneficiary can include a charitable entity.
Royalties & distribution rights. You can contribute royalties or distribution rights on published works (such as books or films) where there is clear evidence of marketability or assurance of a payment stream.
Stocks or bonds. You can contribute long-term appreciated securities to us (for instance, stocks or bonds held for over a year) and get a two-fold income tax benefit: a charitable deduction for the full present fair market value, and no capital gains tax on the appreciation.
Tangible personal property. Gifts of such assets as airplanes, automobiles, antiques, boats, furniture, equipment, jewelry, gems, and metals may be accepted if the property is used in connection with GRAM’s tax-exempt purpose or if it can be readily sold promptly after conveyance.
Should you choose to make a planned gift to GRAM, we would encourage you to seek counsel with an estate planning attorney and advice of an accountant or other appropriate advisors who are familiar with your situation.
