Planned Giving
Plan Your Encore
Including MIM in your estate plan does more than provide a financial gift to a world-class institution. It creates a legacy through music that will inspire and connect people for generations to come.
Your thoughtful gift ensures that your support continues even beyond your time on stage. It is your encore, inspiring people of all ages through the power of music—the language of the soul.
Join Our Legacy Circle
When you make a gift in your will or another planned gift, you become a member of MIM’s Legacy Circle. Membership includes:
- Invitations to special events and education sessions
- Recognition on our Legacy Circle donor wall
- An exclusive Legacy Circle pin
- Listing in publications such as MIM’s annual report and Quarter Notes
Have you already included MIM in your estate plans?
Explore Other Planned Gifts
Charitable Lead Trust (CLT)
See your gift impact MIM now by choosing a fixed or variable amount for your annual gift.
Benefits
- The longer the charitable lead trust provides MIM income, and the more income paid, the larger your estate and gift tax deduction will be.
The taxable value of the lead trust assets is assessed and fixed at trust establishment. The income earned by the trust while it is in operation is not taxable to you and any subsequent increase in value will pass to beneficiaries free of estate and gift tax.
How it Works
- A charitable lead trust works by giving payments for a fixed amount of time to a charity, out of a separately invested and managed trust. After that fixed period ends, the balance of the trust is then paid to the beneficiary.
- You contribute cash, securities, or other appreciated assets to an irrevocable charitable lead trust.
- The trust makes annual payments to the Musical Instrument Museum. A lead trust can pay MIM a fixed amount each year or a fixed percentage of the principal value, as revalued annually. *Please note: this choice may have an effect on tax savings.
- Your tax advisor may also recommend a charitable lead unitrust, which makes payments to MIM as a fixed percentage of principal value, as revalued annually. The balance of the funds is then paid to your beneficiaries upon its termination.
Charitable Remainder Annuity Trust (CRAT)
Benefits
- Convert an appreciated asset into lifetime or termed income (fixed payments).
- Receive an income tax deduction for the fair market value of the securities on the date of transfer.
- Pay no upfront capital gains tax on appreciated assets you give.
- Reduce or eliminate income estate taxes.
How it Works
- You transfer assets such as cash, securities, or appreciated property into a trust.
- The trust makes annual payments of a specific dollar amount to you or to beneficiaries in your name.
- When the trust terminates, the remainder passes to MIM to be used as you have directed.
Charitable Remainder Unitrust (CRUT)
Pursue your philanthropic goals while also helping provide for variable living expenses.
Benefits
- Convert an appreciated asset into lifetime or termed income (variable payments).
- Add additional gifts throughout your lifetime to increase annual payments.
- Receive an income tax deduction for the fair market value of the securities on the date of transfer.
- Pay no upfront capital gains tax on appreciated assets you give.
- Reduce or eliminate income estate taxes.
How it Works
- You transfer assets such as cash, securities, or appreciated property into a trust.
- The trust makes variable annual payments to you or to beneficiaries in your name.
- When the trust terminates, the remainder passes to MIM to be used as you have directed.
Beneficiary Designations
Ensure that your non-probate assets—such as IRAs, 401(k)s, pensions, and life insurance policies—are aligned with your intentions and that your charitable wishes are carried out as planned.
Benefits
- Designated assets typically pass directly to beneficiaries, avoiding probate and saving time and costs.
- You receive income tax deductions during your lifetime and estate tax savings after your death.
- You retain the option to make your chosen charity a revocable beneficiary, giving you the flexibility to modify based on changing life circumstances.
How It Works
MIM has partnered with FreeWill to make the donation process easy. Click below to get started.
Endowed Gifts
Benefits
- Serves as a lasting, named tribute.
- Provides for future generations and the lasting stability for MIM.
- Unlike annual gifts, the endowment provides a protected source of income not subject to cyclical variations in income and is cushioned against market fluctuations.
How It Works
- Funds support activities now and for future generations.
- In keeping with MIM’s investment policy, endowment funds are invested prudently to ensure they can sustain current and future needs.
- Choose from four funds to support what matters most to you:
General Operations
Collection Acquisition
Education
Music Theater Concerts
Questions?
We would love to hear from you! Contact our philanthropy team at philanthropy@MIM.org or call 480.478.6062.
Thank you for your support!
The Musical Instrument Museum (MIM) is a 501(c)(3) not-for-profit public charity. Should you decide to include MIM in your estate plans, please use the following information:
Legal Name: Musical Instrument Museum
Federal Tax ID Number: 16-1743588
Mailing Address: 4725 E. Mayo Blvd., Phoenix, AZ 85050
Physical Address: 4725 E. Mayo Blvd., Phoenix, AZ 85050
The information on MIM.org is not offered as legal or tax advice. Consult an attorney or professional financial advisor.
Explore Other Planned Gifts
Charitable Lead Trust (CLT)
See your gift impact MIM now by choosing a fixed or variable amount for your annual gift.
Benefits
- The longer the charitable lead trust provides income to MIM and the more income paid, the larger your estate and gift tax deduction will be.
- The taxable value of lead trust assets is assessed and fixed when the trust is established. The income earned by the trust while it is operating is not taxable to you and any subsequent increase in value will pass to the beneficiaries free of estate and gift tax.
How it Works
- You contribute cash, securities, or other appreciated assets to an irrevocable charitable lead trust.
- The trust makes annual payments to the Musical Instrument Museum out of a separately invested and managed trust. A lead trust can pay MIM a fixed amount each year or a fixed percentage of the principal value, as revalued annually.
Please note: This choice can affect your tax savings. - After the fixed period ends, the balance of the trust is paid to the beneficiary.
Charitable Remainder Annuity Trust (CRAT)
Pursue your philanthropic goals while helping provide for fixed living expenses.
Benefits
- Appreciated assets convert into lifetime or termed income (fixed payments).
- You can receive an income tax deduction for the fair market value of the securities on the date of transfer.
- You pay no upfront capital gains tax on appreciated assets you give.
- You can reduce potential estate taxes.
How it Works
- You transfer assets such as cash, securities, or appreciated property into a trust.
- The trust makes annual payments of a specific dollar amount to you or to beneficiaries in your name.
- When the trust terminates, the remainder passes to MIM to be used as you have directed.
Charitable Remainder Unitrust (CRUT)
Pursue your philanthropic goals while also helping provide for variable living expenses.
Benefits
- Appreciated assets are converted into lifetime or termed income (variable payments).
- You can add additional gifts throughout your lifetime to increase annual payments.
- You receive an income tax deduction for the fair market value of the securities on the date of transfer.
- You pay no upfront capital gains tax on appreciated assets you give.
- You can reduce potential estate taxes.
How it Works
- You transfer assets such as cash, securities, or appreciated property into a trust.
- The trust makes variable annual payments to you or to beneficiaries in your name.
- When the trust terminates, the remainder passes to MIM to be used as you have directed.
Beneficiary Designations
Ensure that your nonprobate assets—such as IRAs, 401(k)s, pensions, and life insurance policies—are aligned with your intentions and that your charitable wishes are carried out as planned.
Benefits
- Designated assets typically pass directly to beneficiaries, avoiding probate and saving time and costs.
- You receive income tax deductions during your lifetime and estate tax savings after your death.
- You retain the option to make your chosen charity a revocable beneficiary, giving you the flexibility to modify based on changing life circumstances.
How It Works
MIM has partnered with FreeWill to make the donation process easy. Click below to get started.
Endowed Gifts
Endowments are permanent funds donated to MIM in which the principal amount is held in perpetuity and only the investment income or earnings are expended annually. Contact your financial or legal advisor to set up an endowed gift of cash, real estate, or appreciated securities. With a more immediate gift to MIM, you can enjoy up-front tax benefits while helping to advance our mission.
Benefits
- An endowed gift is a lasting, named tribute.
- It provides for both future generations and the lasting stability for MIM.
- Unlike annual gifts, endowments provide a protected source of income not subject to cyclical variations in income and are cushioned against market fluctuations.
How It Works
- Funds support activities now and for future generations.
- In keeping with MIM’s investment policy, endowment funds are invested prudently to ensure that they can sustain current and future needs.
- You choose from four funds to support what matters most to you:
- General Operations
- Collection Acquisition
- Education
- Music Theater Concerts
Thank You to Our Legacy Circle Members
Anonymous (10)
Roger & Jeri Baker
Genessa & Rory Barnett
Shirley & Tom Bekey
Bieber Family Foundation
Trude G. Boodt
Annie Bryson
Babette & Richard Burns
Bart & Betsy Butzer
Tim & Jacqueline Byers
Paul & Annette Cardosi Charitable Trust
Edward J. Claussen*
Jim Cole
Nicole and Brian Corcoran Trust
Robin & Robert Craig
Joan De Jong
Donald R. Dixon Trust
Dr. David & Mary Engel
Merle & Michael Fajans
Mary & Bob Farmer
Dr. Steven Floerchinger & Laurie Ryan
Lorna Flynn*
Jill H. Ford
Barbara Garbelmann
Debra Prue Gerry*
Elaine Gordon*
Thomas R. Granfield
Rick & Kim Greenwald
Sanjay & Patricia Gupta
MGySgt Derek Hayes, USMC (Ret.) & Mrs. Barbara Perry
Jane & Bob Hayoz
Bruce & Lily Heffner*
Jim & Kathy Henderson
Jim & Judie Janowski
Bruce Johs
Ron & Linda Jones
Barb K.
William & Helen Kasley
Gregory L. Kearns, PharmD, PhD
Meredith V. L. Laubin
Christine Lindley
Gerry Lloyd
Gail Lucky*
Robert A. Markus
Dan Martin
Sue & Gary* Martin
Frank Michael & Mary Elizabeth Mazurco
Liz Merchant
Arlene & Steven Mirer
Lynn Mushorn
Dharani P. & Judith C. Narayana
John A. Nesbit
Anne & Brad Niemiec
Dawn Embretson Oester
John & Mary Picken
Darla Sue Poiron*
Jerry & Jo Ellen Preradovic
James L. Ratcliff & Barbara M. Montgomery-Ratcliff
Gail Rittenhouse
Patricia Rolfe
Evie & Mark Rostvold
The M. and J. Schwing Trust
Allan & Kathy Share
Janet C. Shepherd
Barbara Shirley
Douglas & Teresa Smith
Judith & Louis Stein
Theodore R. Stephan*
J. Bruce Tominello & Lawrence E. Kirchner
Ulrich Living Trust – Curt & Karen Ulrich
Robert J. Ulrich & Diane Sillik
Julie & Fred Van Etten
Irene H. Vasquez
Annette Voth*
Cap* & Suzy Iliff Witzler
Robert A. & Carol J. Wolfe
Joe & Pam Womeldorf Trust
Jan & David Wood*
Robin & Stephen Woodworth
Joyce & Les* Young
Carole & Alan Zeichick
*–In Memoriam
APS
Diane & Bruce Halle Foundation
Martin Guitar Charitable Foundation
REVADA Foundation
TSMC Arizona
