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MMoCA Circle: Planned Giving Opportunities at the Madison Museum of Contemporary Art

MMoCA Circle: Planned Giving Opportunities at the Madison Museum of Contemporary Art

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PLANNED GIVING OPPORTUNITIES<br />

AT THE MADISON MUSEUM OF CONTEMPORARY ART


PLANNED GIVING is a powerful tool for<br />

donors committed to a strong and vibrant future<br />

for <strong>the</strong> <strong>Madison</strong> <strong>Museum</strong> <strong>of</strong> <strong>Contemporary</strong> <strong>Art</strong>.<br />

<strong>Planned</strong> gifts to <strong>the</strong> museum ensure th<strong>at</strong>, for<br />

gener<strong>at</strong>ions to come, contemporary visual art<br />

will engage and be accessible to broad audiences,<br />

contributing to <strong>the</strong> vibrancy <strong>of</strong> our community.<br />

<strong>Planned</strong> gifts, particularly those benefiting <strong>the</strong><br />

museum’s endowment, can have an extremely<br />

positive impact on exhibitions, <strong>the</strong> permanent<br />

collection, and educ<strong>at</strong>ion initi<strong>at</strong>ives.<br />

Selecting <strong>the</strong> best assets—and <strong>the</strong> methods<br />

you use to gift <strong>the</strong>m to <strong>MMoCA</strong>—may provide<br />

significant tax and est<strong>at</strong>e benefits. Thoughtfully<br />

considered est<strong>at</strong>e planning can put major giving<br />

within reach <strong>of</strong> individuals who might not think it<br />

o<strong>the</strong>rwise possible, and can powerfully transform<br />

<strong>the</strong> future <strong>of</strong> <strong>MMoCA</strong>. Here are some <strong>of</strong> <strong>the</strong><br />

most common methods:<br />

BEQUESTS<br />

A bequest transfers assets—a percentage <strong>of</strong><br />

an est<strong>at</strong>e or a specific amount—to <strong>MMoCA</strong><br />

through a will or living trust.<br />

LIFE INCOME GIFTS<br />

Charitable Gift Annuities, Charitable Remainder<br />

Trusts, and Charitable Lead Trusts allow you to<br />

transfer assets to <strong>MMoCA</strong> now and to continue<br />

to receive income from those assets during your<br />

lifetime.


RETIREMENT ASSETS<br />

Design<strong>at</strong>e <strong>MMoCA</strong> as a full or partial beneficiary<br />

<strong>of</strong> retirement assets. In some cases, older adults<br />

may withdraw funds from retirement plans to make<br />

charitable gifts without incurring additional tax<br />

liabilities.<br />

LIFE INSURANCE<br />

Design<strong>at</strong>e <strong>MMoCA</strong> as <strong>the</strong> beneficiary <strong>of</strong> a life<br />

insurance policy. This may be appropri<strong>at</strong>e if you<br />

have a policy th<strong>at</strong> is no longer needed.<br />

STOCK<br />

Gifts <strong>of</strong> long-term appreci<strong>at</strong>ed stock <strong>of</strong>fer two-fold<br />

tax benefits. You avoid paying capital gains on <strong>the</strong><br />

increased value <strong>of</strong> your stock; and, you receive a tax<br />

deduction for <strong>the</strong> full fair market value <strong>of</strong> <strong>the</strong> stock.<br />

REAL ESTATE<br />

A gift <strong>of</strong> real est<strong>at</strong>e th<strong>at</strong> <strong>MMoCA</strong> has agreed to<br />

accept can positively benefit <strong>the</strong> museum. In <strong>the</strong><br />

case <strong>of</strong> a residence, you may wish to reserve <strong>the</strong><br />

right to continue living on <strong>the</strong> property th<strong>at</strong> you gift<br />

to <strong>MMoCA</strong>.<br />

ARTWORK<br />

<strong>MMoCA</strong>’s collection is a tremendous community<br />

resource. A gift <strong>of</strong> artwork th<strong>at</strong> <strong>the</strong> museum has<br />

agreed to accept will streng<strong>the</strong>n <strong>the</strong> museum’s<br />

ability to serve its audiences for gener<strong>at</strong>ions to<br />

come.<br />

The inform<strong>at</strong>ion in this brochure is intended as an<br />

educ<strong>at</strong>ional resource. We can provide additional<br />

details on specific giving vehicles. <strong>Giving</strong> decisions<br />

should be made in consult<strong>at</strong>ion with your <strong>at</strong>torney<br />

or tax advisor.


Contribute to <strong>the</strong><br />

vibrancy <strong>of</strong> <strong>the</strong> community,<br />

for gener<strong>at</strong>ions to come.<br />

As an independent non-pr<strong>of</strong>it organiz<strong>at</strong>ion,<br />

<strong>the</strong> <strong>Madison</strong> <strong>Museum</strong> <strong>of</strong> <strong>Contemporary</strong><br />

<strong>Art</strong> has served <strong>the</strong> art interests <strong>of</strong> <strong>the</strong><br />

community since 1901. A specific focus<br />

on providing direct experiences with high<br />

quality works <strong>of</strong> art through exhibitions<br />

and educ<strong>at</strong>ion programs has shaped <strong>the</strong><br />

museum’s unique role and enriched <strong>the</strong><br />

cultural life <strong>of</strong> some 200,000 visitors each<br />

year. A robust endowment, streng<strong>the</strong>ned<br />

by bequests and o<strong>the</strong>r planned gifts, is<br />

critical to <strong>the</strong> museum’s success.<br />

The Board <strong>of</strong> Trustees <strong>of</strong> <strong>the</strong> <strong>Madison</strong><br />

<strong>Museum</strong> <strong>of</strong> <strong>Contemporary</strong> <strong>Art</strong> is pleased<br />

to recognize <strong>the</strong> generosity <strong>of</strong> those who<br />

provide for <strong>the</strong> museum in <strong>the</strong>ir est<strong>at</strong>e<br />

plans or with o<strong>the</strong>r planned gifts through<br />

<strong>the</strong> <strong>MMoCA</strong> <strong>Circle</strong>. You are eligible for<br />

<strong>MMoCA</strong> <strong>Circle</strong> membership if you have<br />

made provisions to support <strong>the</strong> museum<br />

through a planned gift.<br />

BENEFITS<br />

Membership in a group th<strong>at</strong> is<br />

pivotal in ensuring <strong>the</strong> museum’s future<br />

Public recognition as a member <strong>of</strong><br />

<strong>MMoCA</strong> <strong>Circle</strong><br />

Invit<strong>at</strong>ion to an exclusive <strong>MMoCA</strong><br />

<strong>Circle</strong> event each year


BECOME A MEMBER OF THE <strong>MMoCA</strong> CIRCLE<br />

OR REQUEST ADDITIONAL INFORMATION.<br />

Name<br />

Address<br />

Phone<br />

Email<br />

I/we have made provisions for a planned gift to <strong>the</strong><br />

<strong>Madison</strong> <strong>Museum</strong> <strong>of</strong> <strong>Contemporary</strong> <strong>Art</strong> and would<br />

like to be a member <strong>of</strong> <strong>the</strong> <strong>MMoCA</strong> <strong>Circle</strong>.<br />

O I/we would like to be acknowledged as:<br />

O I/we would like to remain anonymous.<br />

OPTIONAL<br />

I/we have made provisions for <strong>the</strong> following type <strong>of</strong><br />

planned gift:<br />

O Bequest<br />

O Life income gift, including charitable gift annuities<br />

and charitable remainder trusts<br />

O Charitable lead trust<br />

O O<strong>the</strong>r gift, including retirement assets or life insurance<br />

O Real est<strong>at</strong>e <strong>the</strong> museum has agreed to accept<br />

O A gift <strong>of</strong> artwork <strong>the</strong> museum has agreed to accept<br />

O O<strong>the</strong>r<br />

I/we would like to learn more about planned giving<br />

<strong>at</strong> <strong>MMoCA</strong>.<br />

Please return your confidential response to:<br />

Director <strong>of</strong> Development<br />

<strong>Madison</strong> <strong>Museum</strong> <strong>of</strong> <strong>Contemporary</strong> <strong>Art</strong><br />

227 St<strong>at</strong>e Street<br />

<strong>Madison</strong>, WI 53703<br />

Or, call 608.257.0158 to speak with a member <strong>of</strong> <strong>the</strong><br />

development staff about a planned gift.


227 St<strong>at</strong>e Street<br />

<strong>Madison</strong>, WI 53703<br />

608.257.0158<br />

info@mmoca.org<br />

mmoca.org

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