Benefits of Giving
In addition to supporting the mission of the Museum, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:
- an income tax deduction
- reduced capital gains taxes
- reduced probate costs and estate taxes
- income for life
Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of the Museum. Even with the increased standard deduction in the tax law that became effective in 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and the Museum to all benefit.
We want to be sure that we can fulfill your wishes. If you have any questions, please contact:
Lindsay Hahnes
Manager, Individual and Planned Giving
607-438-5128
hahneslm@cmog.org
The Corning Museum of Glass