Charitable Gift Annuity—Immediate Payment

Immediate-Payment Charitable Gift Annuity Diagram

How It Works

  1. Transfer cash or other property to the BMA
  2. The BMA agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to the BMA

 Benefits

  • Payments for life that are favorably taxed
    1. When gift is funded with cash, part of payment will be tax-free
    2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for the BMA

More Information

Contact Us

Judy Gibbs
Deputy Director of Development
(443) 573-1796
jgibbs@artbma.org

 

The Baltimore Museum of Art
10 Museum Drive
Baltimore, MD 21218

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