Planned Giving

If you are 70½ years old or older, you can take advantage of a simple way to benefit the Archives of American Art and receive tax benefits in return. You can donate any amount up to $100,000 per year from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. You pay no income taxes on the gift and it will be put to use today. Ask your plan administrator how to name the Archives of American Art as the beneficiary of your IRA rollover and you’ll get full tax credit this year. 

Some donors prefer the increased flexibility that a beneficiary designation provides by using retirement plans, life insurance policies, or commercial annuities.

It only takes three simple steps to make this type of gift. Here's how to name the Archives of American Art as a beneficiary:

1. Go online or contact your retirement plan administrator, insurance company, bank, or financial institution for a change-of-beneficiary form.
2. Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
3. Return the completed form to your plan administrator, insurance company, bank, or financial institution.

Through giving the Archives of American Art real estate, you can make a large gift to us without touching your bank account. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction, which eliminates capital gains tax. In addition, you no longer have to deal with that property's maintenance costs, property taxes or insurance.

Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to the Archives of American Art or ask your attorney to add a few sentences in your will or trust agreement. Such a generous gift helps us continue our work for years to come.