Planned Giving

A "planned gift" is simply defined as any method of charitable contribution--other than a current gift of cash or in-kind gift--which will provide long-term financial support to Fuller Craft Museum. Planned gifts take many forms (such as wills, bequests, charitable gift annuities, gifts of life insurance, charitable remainder trusts, etc.) and can be as varied as each individual who has decided to support the work of the Museum and every circumstance under which they have come to that decision.

One thing is certain, your gift planning with Fuller Craft Museum can provide both benefits to you and your family as well as long-term positive impact on the growth of the Museum. Please take a moment to review some of the options for planned giving available to you or contact our office at 508.5888.6000 x120 to set up a meeting to discuss your plans.

The materials in these Planned Giving web pages are informational only and are not intended as legal or financial advice. For legal advice, please consult an attorney; for financial advice, please consult your financial planner.

Bequests
Many of our supporters make charitable gifts by bequests in their wills so that Fuller Craft Museum will continue to grow. The federal government encourages those gifts by allowing an unlimited estate tax charitable deduction. To make a bequest to Fuller Craft Museum, the following language will help your legal advisor:

"I give, devise, and bequeath to Fuller Craft Museum, 455 Oak Street, Brockton, Massachusetts the sum of $xxxxx" (or otherwise describe the gift or specify a percentage of the estate).

If you are concerned about providing for family members, consider naming Fuller Craft Museum as a contingent beneficiary--to benefit only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, but if the spouse doesn't survive, to the Museum.

Appreciated Securities
Donors who contribute appreciated securities or real property held for more than one year (long-term) get a double income tax benefit:

1. A deduction for the asset's full fair market value instead of the lower cost basis.

2. As well as complete avoidance of capital gains tax on the asset's appreciation.

Life Insurance and Retirement Plans
Some of our supporters no longer need life insurance purchased years ago to provide for children or other family members. If that is your situation, please consider donating the policy to Fuller Craft Museum. You may claim a charitable deduction for approximately the policy's cash surrender value, and the proceeds are completely removed from your estate.


Charitable Gift Annuities
A Fuller Craft Museum charitable gift annuity pays you guaranteed income for life at an attractive rate, offers tax savings, and frees you from investment worries and responsibilities. Through your annuity you can make a meaningful gift to support the Museum. Establishing a gift annuity is simple. If you are 55 or older and you make a gift of money or securities, Fuller Craft Museum will pay you an income, in the form of an annuity for life.

Fuller Craft Museum is a recognized 501(c)(3) organization.