PLANNED GIVING

MIM’s Legacy Circle

Making a planned gift is a visionary, enduring, and perpetual way to show your support and appreciation for MIM and its mission. The Legacy Circle honors those who have provided for MIM through planned giving.

Creating Your Charitable Legacy at MIM

Make a lasting investment in the future of MIM with a charitable gift through your will or trust.  Your gift will have a powerful impact on your loved ones and future generations.

When you make a charitable bequest to MIM:

  • You retain full use of your property during your lifetime.
  • You are in control of your estate and may change your bequest provision at any time.
  • You may reduce your taxable estate while fulfilling your philanthropic goals and supporting the future of MIM.

With your planned gift, you become part of MIM’s Legacy Circle. Benefits include invitations to special events and recognition on MIM’s Legacy Circle wall and in our annual report.

Blended Giving: Your Impact Today and Tomorrow

With blended giving, you can experience the impact of making a gift today combined with the benefits of designating a gift for the future.

With your outright gift to MIM, you can enjoy up-front tax benefits while helping advance our mission. With a planned gift or legacy gift, you maintain flexibility in the event of unanticipated needs and have the satisfaction of knowing that your generosity will help sustain MIM’s mission for years to come.

For more information, contact MIM’s Institutional Advancement Team at 480.478.6062 or advancement@MIM.org.

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Planned Giving FAQs

What is Planned Giving?

A planned gift designates a future gift to MIM. Commonly created as part of a will or trust, planned gifts are most often fulfilled once the donor has passed away. Your planned gift allows you to create a legacy with deep personal meaning.

What are some types of planned gifts?

The following are possible ways to make charitable gifts through your planned gift provision:

  • Include a gift to MIM in your will or revocable trust. You can choose a specific dollar amount or percentage of your estate; your estate receives a charitable deduction for your bequest.
  • Designate MIM as a beneficiary in your retirement plan.
  • Name MIM as a beneficiary or owner of an existing life insurance policy or purchase a new policy to benefit MIM.
  • Establish a life income trust that enables you to receive income for life while making a gift to MIM. Consult your financial advisor to determine if this type of planned gift allows an income tax deduction, a reduction in estate taxes while providing a life income benefit.

How are planned gifts made?

Your gift intentions are documented through certain types of vehicles, such as a charitable bequest or a charitable trust, for example. The bequest or trust may include assets given to MIM such as cash, securities, life insurance policies, retirement accounts, etc.

Planned giving is typically done in conjunction with estate planning and is a viable option for donors of all income levels. Consult your financial or legal advisor to get started.

What are the advantages of making a planned gift?

Planned gifts are typically the largest and most significant contributions a person will ever make. You can leave a unique legacy that reflects your values and is symbolic of your relationship with MIM.

How do I choose the right planned gift for my situation?

A consultation with your legal or financial advisor will provide you with the information and insight to help you make the best decision for your situation. Determining the best type of charitable gift for you is a personal decision with important factors to consider.

How will my planned gift support MIM’s mission?

When you give to MIM through a planned gift, you are making a lasting investment in our future by ensuring the vitality and permanence of both the museum’s collections and its programs for generations to come. Donors have the flexibility to determine how the gift is used within MIM.

Donor Spotlight

Jim and Kathy Henderson

Today, the Hendersons support MIM’s Music Theater and help provide field trips to MIM for underserved students. As part of the Legacy Circle, they have also established a planned gift that will continue their annual support well into the future.

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DonorSpotlight