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Trustees of Tradition: Building the Museum's Future through Planned and Estate Gifts
Linda Keown has invested more than twenty years in the Museum of Art and Archaeology as a docent and as a member of the Museum Associates, the Museum's friends group. But perhaps her most lasting legacy will be through her planned gift to the Museum of Art and Archaeology.
"I believe the arts play a vital role in defining who we are as a people, and in framing our values as a community. My gift to the Museum of Art and Archaeology reflects what I value, and helps pass those values on to the future."
How will you be remembered?
Planned giving lets you support the Museum of Art and Archaeology through an estate gift. You don't have to be wealthy or famous to leave a permanent, meaningful legacy. All that's required is concern for others and the desire to be remembered for more than just the assets you have accumulated. We make planned giving simple, so you can enjoy the benefits of knowing your legacy will live on through the Museum of Art and Archaeology.
The easiest way to create a planned gift is through a bequest. The language for a bequest can seen here (opens new window). You may either define your bequest directly in your will, or the University's Office of Gift Planning and Endowments will prepare a separate endowment document at no cost to you, which can then be referenced in your will or estate plan. By using this latter planning strategy, you will retain the option to alter the purpose or use of your endowment fund without the expense and inconvenience of amending your estate plan. Through this document the endowment is created now, so you can get all the details right, but funded later through your will or estate.
Retirement accounts and life insurance policies are also effective ways of making a planned gift to support the Museum. The University of Missouri's Museum of Art and Archaeology can be named as the beneficiary of your retirement account. This gift option may provide significant income tax and estate tax benefits. Permanent life insurance policies may also be donated to the University on behalf of the Museum of Art and Archaeology. You generally will obtain the greatest tax benefits by naming the Museum of Art and Archaeology at the University of Missouri as both the owner and beneficiary of the gifted policy.
Depending on your financial situation and needs, other planned giving options are available and may be preferred.
Staff in the University's Office of Gift Planning and Endowments can work with you to ensure you receive maximum financial and tax benefits from your support of the Museum.
Gifts of Art
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