Transferring securities, either stocks or bonds, allows you to make a gift to the museum and receive a charitable deduction equal to the full fair market value. You also may avoid paying capital gains tax on your charitable contribution.
Gifts of real estate can have special benefits for both the donor and the recipient. Your gift of real estate will receive a charitable deduction for the full fair market value and may allow you to avoid paying capital gains tax on the property if certain criteria are met. Using real estate, such as your house, farm or commercial property not only allows your significant tax advantages but also allows you to make a larger charitable gift than might otherwise be possible.
It is highly recommended that gifts of securities, real estate and personal property be discussed with your estate attortney or financial planner.
Gift of Life Insurance:
Donating life insurance could be a wonderful way to fulfill your desire to support our work. By making the TCWM the beneficiary of an existing policy, you make good use of your resources and the ability to make a significant gift.