Planned Giving
Planned Giving to VAM
Leave a lasting legacy to the Virginia museum community by making a planned gift to VAM, and ensuring that you remain an integral part of making Virginia's museums better long after you are gone.
Bequest
A bequest is the simplest and most common form of planned giving. A testamentary gift, made by will or trust, allows you to make a contribution to VAM. Since charitable requests are deductible from the overall size of your estate, significant estate tax savings are possible.
There are a couple of ways to make a bequest to VAM:
- Name the Virginia Association of Museums as a specific beneficiary, stating a fixed dollar amount or percentage of your estate that you wish to donate.
- Name the Virginia Association of Museums as a remainder beneficiary, providing for VAM to receive assets from your estate after all specific beneficiaries have received their legacies.
- If you have already prepared a will, your attorney can add the Virginia Association of Museums as a beneficiary through a simple amendment called a "codicil."
- In addition to cash, you may make your bequest in the form of securities, insurance policies or other assets with beneficiaries, by making VAM a named beneficiary.
Join VAM's Legacy Society
Joining our Legacy Society is as simple as informing us of your intention to make a planned gift. Fill out our online form, or contact us at membership@vamuseums.org with any questions about planned giving options, or to let us know that you have mentioned VAM in your estate plans.