Designating Your Gift

Ways to Leave a Lasting Legacy

When a gift to MOWA becomes part of your legacy, you ensure that the museum’s founding vision to improve communities and the lives of future generations carries forward.

There are various options to consider depending on your personal, financial, and philanthropic goals. Whatever your unique situation may be, your generosity will support MOWA’s mission for years to come.

Will or Trust

Charitable Bequest in a Will or Trust

One of the most popular ways to make a planned gift is to include MOWA in your will or living trust. Whether you prefer to provide unrestricted support or designate your gift to a specific interest, your bequest expresses your lasting commitment to the museum.

Retirement Account

Individual Retirement Account (IRA) Beneficiary Designation

Naming MOWA as a beneficiary of your IRA or other retirement plan is a flexible way to support the museum. As a nonprofit entity, MOWA does not pay income or estate taxes on the distribution as an individual would, allowing the full value of your savings to support your purpose.

Donor-Advised Fund

Donor-Advised Fund (DAF) Beneficiary Designation

Similar to retirement plans, you can name MOWA the beneficiary of your full account or a percentage of the fund. You can make this designation with ease when you create or update your fund and has a substantial impact on the future of MOWA.

Life Insurance

Life Insurance Policy

Naming MOWA as a beneficiary or contingent beneficiary of a life insurance policy is a powerful and simple way to leverage this asset into an important gift. Another option is to transfer ownership of the policy to MOWA, which may qualify you for a federal income tax charitable deduction.

Gift Annuity

Charitable Gift Annuity

A charitable gift annuity (CGA) is an immediate and ongoing tax-advantageous way for you to promise MOWA vital funding while still providing you with a dependable income. When you transfer cash or other assets, you receive regular payments (based on your age at the time of donation), with the principal amount passing to MOWA after your lifetime.

Remainder Trust

Charitable Remainder Trust

A charitable remainder trust (CRT) offers you tax benefits and provides you with income in the future. Depending on your goals, your payments will be fixed (annuity trust) or variable (unitrust), with the balance passing to MOWA to support its mission at the end of the trust term.

Art Donations

Gifts of Art

MOWA welcomes promised gifts of works of art that enhance strengths or fill gaps in the collection. Because gifts must be formally reviewed and meet guidelines before being accessioned into the collection, it is always beneficial to discuss your proposed gift with the museum’s executive director. Learn more

This overview is for informational purposes only. Please consult with your advisor to learn how your giving may best serve your financial and philanthropic goals.

Request More Information

We invite you to reach out to the MOWA Development Office for more information and to discuss your interests.