The Staten Island Museum offers many opportunities to use planned gifts to enable donors to provide financial support for a wide range of needs. Consider various options that address personal needs and allow for supporting the Museum:
- Bequest under a will
- Life Insurance Policy
- Real Estate
- Retirement Plan Proceeds
- Trust Options
- DAF’s (Donor Advised Funds)*
*A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. According to the IRS, a donor-advised fund is a special fund or account controlled by a section 501(c) (3) organization called a sponsoring organization. Many people set up DAFs through community foundations or investment firms that manage charitable funds. Schwab, Fidelity and Vanguard are among the big financial services companies that manage huge sums of money in DAFs.
Here’s how it works:
You can donate certain amount of assets – cash, stock shares or other kinds of wealth into a DAF. Donors can deduct the full amount right away from that year’s taxes. You can’t get the funds back; and all of it must eventually go to a nonprofit, best of all there’s no time limit. Meanwhile, the funds can be invested and continue to grow. When you are ready you can recommend a grant to the Staten Island Museum. This is the most convenient, tax-efficient way to give back.
Be part of the Museum’s Legacy Society
Those who designate the Museum as a beneficiary in their estate plans become members of the Museum’s Legacy Society, an important recognition of the role the Museum holds for those donors. This list can be made public or you may remain anonymous.
For more information on Planned Giving and Donor Advised Funds (DAFs) please contact the Development Department or consult your financial advisor.
The Staten Island Museum is a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code (EIN:13-5564127)