Legacy Gift Planning

A growing number of generous Museum members and friends are helping the Museum prepare for the future by making a charitable bequest or legacy gift to the Museum. The information that follows suggests ways to provide a lasting legacy to the Children’s Museum of Phoenix thereby enriching the lives of future generations of children and families. By making a legacy gift or charitable bequest to the Children’s Museum of Phoenix you can:

Reduce estate and/or income taxes through a Charitable Bequest, your Retirement Plan, or Insurance Policy
Avoid capital gains tax with an Outright Gift of Appreciated Stock
Receive income for life through a Charitable Remainder Trust
Pass assets to your children and grandchildren and reduce transfer taxes through a Charitable Lead Trust
Give your home to the Museum, receive a tax deduction, and continue to live in it with a Retained Life Estate

For guidance on how legacy planning concepts may impact your financial, tax, or estate situation, please consult with a qualified attorney, tax advisor, or other professional advisor.

Please see below for an overview of charitable gift planning options.

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Downloadable Contribution Form

Your Gift

Provision in Will

Designate a portion, asset, or specific charitable bequest in your will.

Your Benefits

Estate tax charitable deduction
Reduce taxes for your family
Leave a lasting legacy

Your Gift

Provision in Trust

Designate a portion, asset, or specific charitable bequest in a trust.

Your Benefits

Estate tax charitable deduction
Reduce taxes for your family
Leave a lasting legacy

Your Gift

Beneficiary of Retirement Account

Designate the Children’s Museum of Phoenix as the beneficiary.

Your Benefits

Support causes you care about
Continue using your account as needed
Simplify planning and avoid legal fees
Reduce family taxes
Estate tax charitable deduction

Your Gift

Real Estate

Transfer ownership of your property to the Museum.

Your Benefits

Avoid capital gains tax
Charitable income tax deduction
Leave a lasting legacy

Your Gift

Charitable Gift Annuity

Transfer cash or property in exchange for lifetime fixed payments.

Your Benefits

Fixed lifetime payments
Charitable income tax deduction
Partially tax-free payments
Support the museum’s mission

Your Gift

Beneficiary of a Life Insurance Policy

Designate the Museum as the beneficiary of your life insurance policy.

Your Benefits

Charitable income tax deduction
Additional deductions if the museum retains the policy
Immediate impact if the policy is cashed in
Support museum’s work upon policy maturity

Your Gift

Charitable Remainder Trust

Transfer cash or assets to a trust, providing income to you and then to the Museum.

Your Benefits

Income for life or a term up to 20 years
Avoid capital gains tax
Immediate charitable income tax deduction
Establish a future legacy

Your Gift

Charitable Lead Trust

Fund a trust that pays income to the Museum for a number of years, with the remaining assets going to your family.

Your Benefits

Gift or estate tax charitable deduction
Reduced cost inheritance for your family
Annual charitable gifts from the trust

Get our downloadable contribution form!

Downloadable Contribution Form

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