Honor Thy Music with a legacy gift.
Planned gifts help the Country Music Hall of Fame® and Museum preserve country music history for future generations. There are many options for planned giving to the Museum and no minimum to what you can give. The following are examples of ways you may make a charitable donation through planned giving and Honor Thy Music with a legacy gift.
Depending on the assets you donate and gift arrangement you choose, there are a number of advantages to making a planned gift.
A bequest is a gift that donors choose to make as part of their estate planning process through their will or another binding arrangement.
Charitable Gift Annuity
A charitable gift annuity is an agreement in which the Museum agrees to pay you a fixed income for the remainder of your life once you make a donation to the Museum, thus allowing you to protect your financial security while making a timely contribution. If you are married, your spouse can also be guaranteed the same fixed income for his or her life.
Charitable Lead Trust
A charitable lead trust provides income to the Museum for a period of years, after which the trust property reverts to you or, more typically, is passed to your heirs. It is often used to transfer assets including stocks, bonds, and income-producing real estate that are expected to appreciate in value. Even if the assets increase in value during the time they are held by the trust, the heirs or recipients of the trust are only taxed on the original value of the assets when it reverts to them.
Charitable Remainder Trust
A charitable remainder trust is an agreement between you and the Museum in which your assets are irrevocably transferred to a trustee (other than the Museum) and managed as an individual investment fund. You or the beneficiaries of your estate can receive payments from that fund for a term of up to twenty years. At the end of the life of the trust, the remainder is transferred to the Country Music Hall of Fame and Museum.
Gifts of Real Estate
Gifts of real estate can be an effective tool to ensure that your home, rental units, or other property will support the Museum while providing you with excellent tax benefits.
Your planned gift can help support the endowment, the Museum's general operation, or be applied to particular programs. For more information regarding planned gifts, contact Jennifer Alexander at (615) 416-2022 or firstname.lastname@example.org.