Your donations serve as a lasting tribute and helps WRHS further our mission of making the tangible history of Northeast Ohio accessible to everyone.
Details
Western Reserve Historical Society exists to connect our community with visions of the past to inform our future. For over 150 years we have guarded our collective history with the immeasurable help of our esteemed benefactors like you. Through a legacy gift you can join other passionate supporters to ensure access to the museums collections, exhibitions, and educational programs for visitors from all walks of life for generations to come. It is our greatest hope that after you provide for your loved ones you consider continuing your lifetime donations with a legacy gift to WRHS.
Gift in Will-Making a legacy gift in your will is the simplest way to make a gift to the museum that has a lasting impact. The gift can take many forms, such as naming the museum for a specific amount, a set percentage of the total value of your estate, or the remainder of your estate after you have provided for your family. Your charitable bequest is 100 percent deductible for estate tax purposes. .
Life Insurance Beneficiary-Please consider naming WRHS as a beneficiary of your life insurance policy, either by naming WRHS as the owner, donating a paid policy, or naming WRHS as the beneficiary but not the owner. Depending on the type of policy donated you may receive an immediate income tax deduction and be able to deduct any future premium payments on the policy.
Retirement Plan Designation-A retirement plan can be a tax-efficient and simple way of including WRHS in your planned giving. If left to anyone other than a spouse, retirement account assets may be subject to significant taxation, since inherited assets of retirement plans can be subject to both estate and income taxes. As a tax-exempt organization, WRHS will generally receive the full amount of the plan's value. You can also take advantage of the IRA rollover laws to give up to $100,000 today as a non-taxable event that counts toward your required minimum distribution.
Guardian Society-Please let us know if you have taken the generous step of remembering Western Reserve Historical Society. Everyone who shares their intention to make a gift in will to WRHS is invited to join the Guardian Society which honors the benefactors who support the future of WRHS. Members receive recognition in the annual report and are invited to special events.
"Because I believe in the mission and the Western Reserve Historical Society's importance in the future, I made it a top priority to include a gift to them in my estate planning process" Betty Kemper
Questions?
Contact: Christie Gound, Advancement Manager at 216-721-5722 X 1501 or email cgound@wrhs.org
