Legacy Gifts

Gifts to Munson come in all shapes and sizes, from membership contributions and Annual Fund support to endowed funds, exhibition sponsorships, and capital projects. There is a place for everyone here and opportunities to support both ongoing projects and new programs and facilities. Some donors have found it helpful to consider a number of approaches for giving to Munson, independent of the outright gifts they may have made by check, cash, or credit card. There are a few options for you to consider. We invite you to reach out to discuss the possibilities that might work best for you. 

IRA Rollover Provisions

If you hold a traditional IRA and are 72 or older, you are obligated to take distributions every year. Depending on your circumstances, this Required Minimum Distribution (RMD) may be more than you need right now. Tax laws allow an individual to direct a charitable contribution from their IRA (called a charitable rollover provision). The advantage? That contribution counts toward the RMD but does not need to be recognized as income for tax purposes. This option may allow you to do more for charity than you imagined possible, and it is easy to do. 

Gifts of Appreciated Securities

Securities held long-term tend to appreciate, and that appreciation is taxable when those stocks are sold. Some donors find it preferable to transfer securities to Munson in lieu of writing a check, avoiding capital gains while supporting a great cause. 

Estate Gifts

As giving goes, nothing could be simpler than including Munson in your estate plans, either for a portion of the estate or a fixed sum. If you're considering doing this, please let us know so we can thank you for your generous plans and to discuss how you wish for that contribution to be used. 

Charitable Gift Annuities

Similar to estate gifts, annuities are a way of benefiting Munson after you have passed. Unlike estate gifts, annuity contributions are made during your lifetime, and benefit the donor(s) during their lifetime. Rates of return vary according to the age of the donor(s), but often exceed traditional investments. Your gift today can reap you dividends for years while also benefiting Munson programs in the future. 

Learn More

To learn more or to discuss any of these options, please contact John Murphy, Director of Development and Donor Relations, at 315-927-8523 or jdmurphy@munson.art.