Gifts that Provide Income for Life

Ways to Give and Save

There are more ways to leave a lasting legacy at the National Building Museum than a bequest. Ways through which the Museum, you, and your loved ones all benefit at the same time. These gifts include charitable gift annuities.

Charitable gift annuities provide donors with an opportunity to make a transitional gift to the Museum, increasing your income during your lifetime.

A charitable gift annuity is an agreement between the Museum and an individual donor in which you irrevocably transfer a gift of cash or stock and in return you receive a fixed payment for your lifetime. The rate of the payment is calculated as a percentage of the value of the gift and is based on the age of the income beneficiary(ies).

Benefits of a charitable gift annuity include:

• A steady source of income for the remainder of a donor's lifetime
• A donor can also choose another beneficiary, such as a spouse, to receive this fixed income upon his or her death
• An income tax deduction (for those who itemize their deductions)
• In some cases, charitable gift annuities can generate tax-free income

Charitable gift annuities at the National Building Museum must have a minimum value of $10,000 and income beneficiaries must be at least 60 years old.