Legacy Gifts
Legacy gifts are planned gifts that are financial tools to support the National Agricultural Center and Hall of Fame.
Cash – Consider writing a check to support the museum today or placing funds in the museum endowment.
Wills, Bequests and Trusts – A bequest to the Ag Center through your will or trust provides a legacy to benefit future generations. Whether a bequest is unrestricted or designated to support a specific area, your gift can make a real and lasting difference in the lives it touches. You can designate a bequest of a specific asset or a specific amount of money; a percentage of your remaining estate; or a bequest can be contingent on something happening.
A Charitable Remainder Trust – This gift pays you and your loved ones an income for life. If you have significant assets such as cash, appreciated stocks or real estate, you can establish a trust. You receive an immediate charitable tax deduction for the charitable portion of your trust. The trust pays you, or a beneficiary, regular income payments. Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the Ag Center.
Life Insurance – You can give a policy to the Ag Center and generally receive a deduction equal to or slightly less than your cost basis. If you donate the funds to pay future premiums, those gifts are also tax-deductible. Another alternative is to name the Ag Center as beneficiary of employer-paid life insurance.
Retirement Plans – Distributing retirement assets to your will or trust won’t ease your heirs’ taxes. Instead, consider making the Ag Center or a testamentary charitable remainder trust the direct beneficiary of your retirement and IRA assets.
Stock & Securities – Do you own long-term stocks that you are ready to sell and you also want to make a gift to the Ag Center? You can transfer the stock directly to the museum. If you have stocks that have declined in value, it’s often smart to sell the stocks first, then donate the cash proceeds.
Real Estate – There are as many ways to give real estate as there are types of real property. An outright gift of highly appreciated real estate is the simplest way to give, provides the largest charitable tax deduction and avoids gain on the sale.
Tractors, Implements, Trucks and Cars – Vintage or not, your vehicle donations can support the Ag Center and its collection at auction or in our exhibitions. If you have a vintage piece of equipment that would add to the collection, consider giving it to the Ag Center with a cash contribution that supports restoration, exhibition and museum overhead.
Financial Planning – When you talk to your accountant, estate attorney or financial advisor, consider discussing a way to support the Ag Center.
Cash – Consider writing a check to support the museum today or placing funds in the museum endowment.
Wills, Bequests and Trusts – A bequest to the Ag Center through your will or trust provides a legacy to benefit future generations. Whether a bequest is unrestricted or designated to support a specific area, your gift can make a real and lasting difference in the lives it touches. You can designate a bequest of a specific asset or a specific amount of money; a percentage of your remaining estate; or a bequest can be contingent on something happening.
A Charitable Remainder Trust – This gift pays you and your loved ones an income for life. If you have significant assets such as cash, appreciated stocks or real estate, you can establish a trust. You receive an immediate charitable tax deduction for the charitable portion of your trust. The trust pays you, or a beneficiary, regular income payments. Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the Ag Center.
Life Insurance – You can give a policy to the Ag Center and generally receive a deduction equal to or slightly less than your cost basis. If you donate the funds to pay future premiums, those gifts are also tax-deductible. Another alternative is to name the Ag Center as beneficiary of employer-paid life insurance.
Retirement Plans – Distributing retirement assets to your will or trust won’t ease your heirs’ taxes. Instead, consider making the Ag Center or a testamentary charitable remainder trust the direct beneficiary of your retirement and IRA assets.
Stock & Securities – Do you own long-term stocks that you are ready to sell and you also want to make a gift to the Ag Center? You can transfer the stock directly to the museum. If you have stocks that have declined in value, it’s often smart to sell the stocks first, then donate the cash proceeds.
Real Estate – There are as many ways to give real estate as there are types of real property. An outright gift of highly appreciated real estate is the simplest way to give, provides the largest charitable tax deduction and avoids gain on the sale.
Tractors, Implements, Trucks and Cars – Vintage or not, your vehicle donations can support the Ag Center and its collection at auction or in our exhibitions. If you have a vintage piece of equipment that would add to the collection, consider giving it to the Ag Center with a cash contribution that supports restoration, exhibition and museum overhead.
Financial Planning – When you talk to your accountant, estate attorney or financial advisor, consider discussing a way to support the Ag Center.