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Legacy Giving

Planning Today for Impact Tomorrow

Legacy giving, or planned giving, allows you to make a significant charitable donation through your will, trust, or other financial plans.

  • Deferred Gift: The donation is typically received by the organization after your lifetime.

  • Retained Control: You maintain full control over your assets and finances today.

  • Lasting Impact: Ensures the long-term vitality and sustainability of GMAEC's mission.

GMAEC has formed an Endowment Fund that will preserve the long-term financial health of the art center. While annual donations help the art center thrive today, contributions to the Endowment Fund ensure our strength for generations to come. Your endowment gifts are a lasting legacy that honors your love of art, your belief in community and your desire to preserve excellence in the arts for future audiences. The principal amount of your gift remains in a conservatively invested fund. The art center
will begin spending the interest income from the fund only when it reaches the $5 million mark.

Wills and Trusts

Through a will, many people also choose to leave a part of their estate to GMAEC and make an impact on the art center for years to come.

Why give in your will?

  • Potentially reduce your estate tax burden

  • Leave a lasting legacy to GMAEC

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Common gifted assets in wills and trusts

  • Financial accounts

  • Real estate

  • Brokerage accounts

  • Personal property

 

Beneficiary Designations

Make us a beneficiary of your IRA or other “non-probate” assets

Assets not included in your will are called non-probate assets. Designating GMAEC as a beneficiary can have a big impact and may avoid unwanted taxes for your heirs.

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Common gifted assets for beneficiaries

  • IRA

  • 401(k)

  • Life insurance

  • Joint real estate

  • Joint bank accounts

  • Joint property ownership

We understand this is a personal and important decision. We strongly encourage you to consult with your own financial and legal advisors.

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  • Step 1: Consult Your Advisor: Talk to your attorney or financial planner about which option best fits your financial goals and family needs.​

  • Step 2: Connect With Us: Contact us for the correct legal name and tax ID to ensure your gift is processed correctly.​

  • Step 3: Join Our Legacy Circle: If you've included us in your plan, please let us know! We would love to thank you (anonymously or publicly) by welcoming you into the Legacy Circle.

Need more information? Contact us.  We are here to help!

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