Choose the option that matches your goals
The South Carolina State Museum strongly recommends you obtain the professional counsel of an attorney or financial advisor who specializes in estate planning.
| Your Gift |
Your Goal |
How to Make The Gift |
Your Benefits |
| Bequest Outright |
Defer a gift until after your lifetime |
Name SCSM In your will or living trust |
Donation Exempt from federal estate tax. Control of your assets for your lifetime |
| Gift of Life Insurance |
Make a large gift with little cost to yourself |
Change beneficiary on a life insurance policy you no longer need |
Current income tax deduction. Possible future deductions through gifts to pay policy premium |
| Charitable Remainder Trust |
Secure a fixed and often increased income, or create a hedge against inflation |
Create a trust that pays income annually; principal is retained for SCSM |
Donation Exempt from federal estate tax. Control of your assets for your lifetime. |
| Charitable Gift Annuity |
Supplement income with steady payments that are partially taxfree |
Establish a charitable gift annuity contract with SCSM that pays a set amount for life |
Current and future savings on income tax. Fixed payments for life for one or two individuals. |
| Gift of Retirement Assets |
Avoid the twofold taxation on IRAs or other employee benefit plans |
Name SCSM as the beneficiary of the remainder of assets after your lifetime |
Allows you to make the gift from the most highly taxed assets, leaving better assets for your family. |