A Legacy of Giving
“Anybody who has an opportunity to contribute to the field of the arts ought to do so, because we are all indebted to the great works that other people before us have contributed, and if we break that golden chain, we do so at our own peril.”
— James A. Michener
Legacy gifts are an essential part of the history of the Michener Art Museum—planned gifts from James A. Michener and his late wife Mari Sabusawa Michener cemented our existence as an institution. Today, planned gifts in support of the Michener Art Museum remain an exceptional way to realize the long-term goals that remain important to you—benefitting yourself, your family, and this institution that you love and believe in.
In honor of their exemplary commitment, individuals who choose to support the Michener with a bequest or other planned gift are recognized as part of the Mari Sabusawa Michener Bequest Society. Gifts of these types ensure the Museum remains a home for the region’s rich artistic soul for generations to come.
Depending on your estate planning needs, there are many ways in which to tailor and structure your legacy gift, all of which allow you to show your support of the Museum, and save taxes on your estate at the same time. You can:
• Designate a bequest in your Will or Trust Agreement, or add a bequest to your existing document by a codicil or amendment.
• Name the Museum as a beneficiary of your IRA, 401K, 403b or other retirement plan, and also eliminate the income taxes on those assets.
• Name the Museum as a beneficiary of an insurance policy on your life.
• Donate a gift of art, either during your lifetime or after, either in trust or through a direct bequest.
• Create a Charitable Remainder Trust, reserving an annual lifetime amount for your (and your spouse) and passing the remaining assets to the Museum.
The preceding estate planning ideas and descriptions provide general information only, and should not be interpreted as financial or legal advice. Consult your attorney when drafting or revising your Will or Trust, or making another planned gift. The Museum’s Advancement Office will be happy to discuss giving opportunities with you and assist you and your attorney in drafting appropriate language. All conversations will be held in strict confidence. For additional information, please contact Laurie McGahey, Deputy Director/Senior Director of Advancement, at 215.340.9800, x161 or [email protected]