Vizcaya welcomes all forms of charitable giving, from the simplest outright donations to the most sophisticated estate gifts. You may wish to consider leaving a legacy with a planned gift that will support the museum in a meaningful, far-reaching and financially sound way.
Vizcaya staff is ready to work with you and your financial advisor to craft language that represents your goals for a planned gift. We encourage individuals to notify us of their intent to include Vizcaya in their estate planning, as prior notification allows us to acknowledge your generosity.
Charitable Bequests and Legacy Gifts
You can make Vizcaya Museum and Gardens Trust, Inc. a beneficiary in your will by giving a specific amount, a percentage of your estate or the remainder of your estate. A bequest through your will or trust is a simple way to make an important gift to further the preservation of Vizcaya. Bequests may be of any size. Four common methods of making a bequest are gifts of a:
- specific dollar amount;
- specific property (real property, personal property, securities);
- percentage of your estate; or
- residue of your estate.
Sample text for different types of bequests can be found here.
You may also wish to consider giving outright gifts of appreciated securities, which can reduce your income and estate taxes and avoid capital gain taxes entirely. Giving appreciated securities can be used for both annual and major gifts.
Gifts of appreciated securities are put to work immediately, whether designated for unrestricted operating support, to fund a specific project or to be invested as permanent endowment.
This is an easy way to give and offers two tax advantages. First, the entire fair market value of the stock is fully tax-deductible. Second, by transferring stock directly to Vizcaya Museum and Gardens Trust, Inc., donors avoid capital gain taxes.
You may make Vizcaya the beneficiary of your life insurance policies. When an existing policy is given to Vizcaya Museum and Gardens Trust, Inc., the owner may deduct, as a charitable contribution, the current value of the policy or the net cost of the policy if this is less than current value. In addition, future premium payments are also deductible after ownership has transferred to Vizcaya Museum and Gardens Trust, Inc.
We are prepared to help you and your financial advisor find the gift structure that will provide the best combination of financial and tax advantage, while providing support for the preservation and educational mission of Vizcaya.
You can also support Vizcaya with a donation of stock and by including Vizcaya in your will.
For more information about our planned giving program, please contact the Major Gifts Office at 305-860-8418 or via email.