Innovative Ways to Donate to YOUR Museum:
Over the next few blogs, I'll be reiterating some of the creative ideas that have appeared in our Musings about donating to the Museum.
Insurance is one way - perhaps you don't need all the insurance you have. This may serve as a contribution to us by simply making the Museum of Bus Transportation the owner of the policy. The benefits to you and the Museum are:
Museum as Owner:
- Receive a charitable deduction when you name us as beneficiary and owner.
- Reduce your estate taxes because proceeds are removed from your estate.
Museum as Beneficiary:
- Obtain flexibility by naming us beneficiary but keeping ownership.
- Name us as contingent beneficiary and secure your family's needs first.
As with last week--because tomorrow is Easter--I will not be blogging. Hope you all have a Happy Easter or Happy Passover.
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