Since 1907, Fraunces Tavern Museum has relied on individual community member investments to support the mission to educate school children, visitors, and researchers about Colonial American, the Revolutionary War and the Early Republic. These major gifts, transformational gifts, and planned giving continue to provide the essential support to sustain and safeguard programming, exhibitions and the protection of the Museum’s diverse and unique collection.
There are many giving options that have proven both popular and effective. Whether you wish to give in memory, honor or tribute of a person and/or provide funding through the planned giving of assets, the Fraunces Tavern Museum staff and Board are available to speak with you about the many ways in which to help support the Museum’s mission.
Reaching over 25,000 visitors annually, your investment will have solid effect on the educational mission of the Museum.
GIFTS OF SECURITIES
Gifts of securities often confer significant tax benefits on a donor. Gifts of publicly traded securities that have appreciated in value allow you to claim a charitable deduction for the full market value of the securities on the date the gift is made. Gifts of securities are also not subject to the capital gains tax. Securities can be transferred to the Museum in a variety of ways. When planning to make a gift of securities please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
LIFE INCOME PLANS
Life income plans can be an excellent way to support the Museum while ensuring your own financial future or that of your loved ones. You can make a gift to FTM through a Charitable Remainder Trust or Charitable Gift Annuitythat will pay you and/or another beneficiary annual income for life. At the death of the last income beneficiary, the remaining principal is transferred to the Museum. To learn more about life income planned giving please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
GIFTS OF REAL ESTATE
Real estate is a versatile asset. Whether it is a personal home, vacation home, undeveloped property, or a farm it can be contributed in many different ways that are highly effective. One way to make a gift of real estate is to use the property as a way to fund a trust that makes payments back to the organization. It can also be given as an outright gift. To learn more about ways to make a gift of real estate please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
Life insurance is both easy to give and receive making it an ideal planned giving gift. To learn about the tax consequences to the donor, appraisal guidelines and how to set-up the administrative procedures to pay the premiums please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
A gift from your estate in the form of cash, securities, or other property made through your estate plans is an excellent way to participate in the Planned Giving Program. Remembering the Museum with a bequest will help sustain and strengthen the mission for years to come. Estate plans should be prepared by and with the advice of an attorney to ensure that your intentions are carried out. To learn more about bequests please call the Executive Director, Jessica B. Phillips at 212-425-1776.
RETIREMENT PLANS & IRAS
Giving from your retirement plan as part of your estate plan can be a tax-efficient and simple way to include the Museum in your estate plan. You can also give currently from your IRA. Since FTM is a non-profit, we will not pay income tax on the distribution nor will the gift be subject to estate tax. To learn more about how to make a gift through your retirement plan and IRAs please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
CHARITABLE LEAD TRUSTS
A charitable lead trust is a unique way of giving. It can be used to transfer assets to children or others at a significantly reduced tax liability. The trust makes a fixed payment to the Museum for a specific term, measured either by someone’s life or a selected number of years. After the term ends, the assets of the trust are either returned to you or passed on to the beneficiaries. A charitable lead trust can be a powerful tool in planned giving. To learn more please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
OTHER – ART AND ANTIQUES
An often overlooked way to support the Planned Giving Program is through the donation of art and antiques of no mission related value. The pieces are given to the Museum with the plan to have them sold and the proceeds of the sale returned to the Museum. To learn more about this please contact the Executive Director, Jessica B. Phillips at 212-425-1776.
To learn more, call the Development & Marketing Officer at 212-425-1778 x225.