San Antonio Museum or Art

Other Gifts

Gifts of Art

In addition to outright gifts, the museum welcomes bequests and promised gifts of works of art. We ask that gifts be made in the areas in which we collect and that you notify the Museum of your intentions beforehand so that we may review and advise you as to whether your work is best suited for the Museum.

You may also choose to make a gift of a fractional interest in a work of art during your lifetime, which will allow for a current charitable gift deduction for the value of the percentage that is given to the Museum. Your remaining interest in the work of art would be promised to the Museum and would be given during your lifetime or later through your will or trust.

Real Estate

Gifts of real estate may include a house, condominium, vacation home, apartment building, commercial building, farm or land. Real estate can be contributed now as an outright gift or later as a testamentary gift. It can be also used to fund a charitable remainder trust to provide income to you or others.

With a retained life estate arrangement, you may contribute your personal residence but continue to reside there for the remainder of your lifetime. This gift of a future interest in your home lets you continue to enjoy your home without diminishing your standard of living, and obtain an immediate charitable deduction for income tax purposes.

Charitable Lead Trust

A Charitable Lead Trust is an arrangement in which assets are transferred to a trust that pays an annual amount to the Museum for a set number of years, with the assets in the trust ultimately passing on to another beneficiary, such as your children. Primarily created by those in higher estate tax brackets, the trust can pass its assets on to younger generations with significantly reduced gift or estate taxes.


For more information contact Kimberly Britton, Director of Development, 210-978-8186, This email address is being protected from spambots. You need JavaScript enabled to view it. .

All inquiries are confidential and without obligation.

Federal Tax ID: 74-2689943

The purpose of this web page is to provide information of a general nature only. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.

Life Insurance

Life insurance may offer an attractive way to make a major gift to the Museum. If you have a current policy, you may want to name the Museum as a beneficiary or contingent beneficiary. Any benefit the Museum receives from your insurance will be excluded from your taxable estate.

By taking the extra step of naming the Museum the irrevocable beneficiary and owner of your life insurance policy, you can obtain an immediate income tax charitable deduction equivalent to either the policy's cash surrender value or replacement value. If additional premiums are due, you can deduct those payments as charitable contributions each year.


For more information contact Kimberly Britton, Director of Development, 210-978-8186, This email address is being protected from spambots. You need JavaScript enabled to view it. .

All inquiries are confidential and without obligation.

Federal Tax ID: 74-2689943

The purpose of this web page is to provide information of a general nature only. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.

Retirement Plans

 A qualified retirement plan is an effective way to save for retirement, but not to pass assets on to your heirs. If left to an individual other than a spouse, such tax-deferred retirement plan assets as an IRA or 401(k) can be subject to multiple layers of taxation.

An option you may wish to consider is to name the Museum as the beneficiary or contingent beneficiary of all or a specified percentage of your retirement plan and leave other, less-taxed assets to your heirs.

Naming the museum as a beneficiary of your retirement plan is easy. Simply contact your retirement plan administrator to obtain the appropriate forms.


For additional information on planned giving, please contact Kimberly Britton, Director of Development, 210-978-8186, This email address is being protected from spambots. You need JavaScript enabled to view it. .

All inquiries are confidential and without obligation.

Federal Tax ID: 74-2689943

The purpose of this web page is to provide information of a general nature only. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.

Life Income Plans

Friends of the Museum who would like to make a substantial gift while considering their own financial needs may find a life income plan advantageous. These types of plans can provide you (or your designate) with income for life and provide important support for the Museum.

Charitable Gift Annuities

Charitable gift annuities provide guaranteed lifetime payments, tax breaks, and benefits for generations to come.

It is an excellent way to support the Museum while ensuring your own financial future or that of a loved one. In exchange for your irrevocable gift of cash or securities, the Museum will provide you with a guaranteed annuity for life with a portion of the income tax-free. You will also receive an income tax charitable deduction in the year you establish the annuity. The rate of return is based on the age of the person(s) who receive the payments—the older the beneficiary, the higher the rate.

Gift annuities are easy to establish and can be created with as little as $5,000 for a single beneficiary or $10,000 for two beneficiaries. There is no upper limit, and you can establish additional gift annuities whenever you wish. This way, you can take advantage of higher annuity rates as you get older and still enjoy the convenience of receiving a single, combined payment each period.

If you have savings or appreciated securities that are not paying you a satisfactory return, a charitable gift annuity is one way you can make those assets really work for you—and for the Museum.

Charitable gift annuities can also be deferred to a specific date you determine—an attractive feature for younger donors. By postponing income payments—until retirement, for example—the annuity payout increases as does the income tax charitable deduction. The minimum age requirement for establishing gift annuity is 50.

For more information, or to receive a free, no-obligation illustration on how a the Museum Charitable Gift Annuity can work for you, please contact Kimberly Britton, Director of Development, 210-978-8186, This email address is being protected from spambots. You need JavaScript enabled to view it. .

Charitable Remainder Trusts

A Charitable Remainder Trust is a type of charitable trust that provides you and/or other beneficiaries with income for life or a specified period of time and thereafter distributes the remaining assets to the Museum. An immediate income tax charitable deduction is available for an amount equal to the present value of what the museum can be expected to receive when the trust ends.

Charitable Remainder Trusts give you the flexibility to design a trust to meet your individual goals: You can select the beneficiaries, the trustees, the distribution rate, and the type of trust. A Charitable Remainder Unitrust pays an annual distribution based on the value of the principal, revalued annually. With a Charitable Remainder Annuity Trust, annual distribution is fixed and is based upon the value of the principal at the time of the gift. Since each trust is individually tailored, there is more flexibility in the type of property that can be donated.


For further information, contact Kimberly Britton, Director of Development, 210-978-8186, This email address is being protected from spambots. You need JavaScript enabled to view it. .

All inquiries are confidential and without obligation.

Federal Tax ID: 74-2689943

The purpose of this web page is to provide information of a general nature only. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.

Bequests

One of the easiest and most popular ways to make a planned gift is to include the San Antonio Museum of Art in your will or revocable living trust. If you have already drafted a will, your attorney may add the Museum as a beneficiary through a simple amendment called a codicil. Similarly, a gift provision for the Museum may be added to a revocable trust agreement.

There are several ways for you remember the San Antonio Museum of Art in your will or trust:

  • You may name the Museum as a specific beneficiary, stating a fixed dollar amount or a percentage of your estate that you wish to leave the Museum.
  • You may name the Museum as a remainder beneficiary, providing for the Museum to receive assets from your estate after all your specific beneficiaries have received their assets.
  • Your gift may also be contingent, so that assets go to the Museum if someone named as a beneficiary does not survive you.
  • In addition to cash, you can bequeath securities, real estate, art, and other forms of personal property. A bequest can be made for the general benefit of the Museum or for the benefit of a particular department or program. If you decide to designate your gift for anything other than general use, we strongly encourage you to contact the Development office in advance. This will enable us to work with you and your tax counselor to ensure that we are able to accommodate your wishes.

How to Make a Bequest: Useful Language

The appropriate way of naming the Museum as a beneficiary is the San Antonio Museum of Art. The provisions in your will or trust for making a gift to the Museum will depend on the type of gift and your personal circumstances. We hope that the following language will be helpful to you and your attorney.

Unrestricted Bequest

I give (the sum of ___ dollars), (all or ____ percent of the residue of my estate), to the San Antonio the Museum of Art, 200 West Jones Avenue, San Antonio, Texas 78215, for its general purposes.

Restricted Bequest

I give (the sum of ___ dollars), (all or ____ percent of the residue of my estate), to the San Antonio the Museum of Art, 200 West Jones Avenue, San Antonio, Texas 78215, in support of (your choice of program). At any time, in the judgment of the Trustees of the San Antonio Museum of Art, the designated use of this bequest is no longer practicable or appropriate, then the Trustees shall use the bequest to further the general purposes of the museum, giving consideration where possible to my special interest as described above.


For additional information or to discuss a potential planned gift, please contact Kimberly Britton, Director of Development, 210-978-8186, This email address is being protected from spambots. You need JavaScript enabled to view it. .

All inquiries are confidential and without obligation.

Federal Tax ID: 74-2689943

The purpose of this web page is to provide information of a general nature only. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.