There are many ways to make a gift to G.WIZ. Some have added benefits for the donor depending on age, type of asset contributed and the form of gift selected. G.WIZ will work with donors to fashion the most beneficial gift for the donor, for the donor's family and the Museum. G.WIZ encourages outright gifts, planned gifts, and bequests for a strong endowment. Outright gifts are critical to meet current ongoing expenses and to provide flexible dollars for new opportunities.

Here are a variety of giving options that help meet G.WIZ goals and provide tax savings for the donor. You should consult with your attorney or tax advisor to determine how these various options might affect your personal tax and estate planning objectives.

Outright Gifts

Cash: A gift of cash is the simplest way to support G.WIZ. A cash gift is fully tax deductible up to 50% of the donor's adjusted gross income for the year in which the gift is made and provides immediate support to the Museum.

Bequests: For some donors, a bequest is an easy way to make a significant gift. Knowledge of an individual's intent to put G.WIZ in his or her will help the Museum plan for the future.

Securities: Gifts of securities are tax deductible at their fair market value. In addition, if a gift is made of appreciated securities, the donor pays no tax on the capital gain.

Gifts of Real Estate and Other Personal Property: A gift of real estate, land, vacation home or personal residence; stock in a closely held company, or collections or works of art are eligible for the same tax benefits as gifts of securities, provided the donor has owned the property for at least a year and one day. An appraisal is required to determine the fair market value of the gift for tax purposes.

Life Insurance: A gift of a life insurance policy that is no longer needed for its original purpose can be transferred to G.WIZ. The donor will receive gift credit for the cash surrender value of the policy and may claim that value as an income tax deduction in the year of the transfer.

Matching Gifts: Many employers match the gifts their employees and retirees make to G.WIZ. Please check with your employer to see if the company has a charitable contribution matching gifts program. If so, your gift may be doubled or tripled simply by completing a form that will be available from your employer.

Gifts that Pay Income

Gift Annuity: This vehicle is an attractive way to make a gift and retain a fixed income for the life of the beneficiary. Rates vary depending on the age of the beneficiary.

Charitable Remainder Trusts: These larger, separately managed trusts will pay either fixed income or a percentage of the market value of the trust, which is valued annually. They may run for a lifetime or for a number of years.

Note: Gift annuities and Charitable Remainder Trusts are administered for G.WIZ by the Community Foundation of Sarasota County

Endowment - Corporate Donors - Butterfly Ball
Ways Of Giving - Business Partner