Planned giving
PLANNED GIVING
The Missoula Art Museum celebrates and acknowledges our forward-thinking philanthropists who have included the museum in their future estate plans. Individuals of all ages have provided transformative gifts to MAM in meaningful ways that make a difference in their lifetime and in the future.
MAM offers various avenues to contribute to the museum’s legacy through the following. These options allow donors to make a lasting impact, whether through flexible funding that can be directed where it's most needed or through targeted contributions that support specific initiatives.
The Missoula Art Museum is a qualified 501(c)(3) charitable organization under the internal revenue code; Federal Tax ID #81-0496898.
Legal Name: Missoula Art Museum
Legal Address: 335 North Pattee Missoula, MT 59802
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Description text goEach stock gift we handle strengthens our programmatic work while providing tax benefits for supporters. We recommend that you consult with your attorney or tax adviser for the various tax benefits and restrictions that may apply to your specific situation. We are available to you and your advisers to answer questions or help arrange a planned gift to the Missoula Art Museum.
Tax-saving ways to help the Missoula Art Museum.
Charitable giving is an opportunity to express yourself, support the things in life you care about, and impact the world around you. Make a difference and save on taxes.es here
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Item descriptiThe simplest and one of the most impactful ways to support MAM is to make a planned gift through a bequest in your will. You may arrange for the Museum to receive:
a specific dollar amount
specified assets, such as securities, real estate, or tangible personal property
all or a percentage of the remainder of your estate after all other obligations (a residuary bequest)
a contingent bequest, making MAM the beneficiary only if the named beneficiary is unable to accept the bequest. Please review our guide for sample museum bequest language:on
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MAM supporters over the age of 70½ or older, can make a gift directly from your Individual Retirement Arrangement (IRA) to MAM, which is a smart way to support the museum while potentially reducing your taxable income.
This type of gift is called a Qualified Charitable Distribution (QCD), often referred to as an IRA charitable rollover.
Benefits of an IRA Rollover Gift
Avoid income tax on the amount donated
Satisfy all or part of your Required Minimum Distribution (RMD) if you’re 73 or older
Make an immediate impact on our programs and mission
No itemized deduction needed—you benefit even if you don’t itemize
Key Facts
You must be 70½ or older at the time of the gift
For a donation to qualify as a QCD, you cannot receive benefits above de minimis value in exchange for your support. This means that IRA rollovers generally don’t work for purchases such as Spring Gala tickets, special dinners, etc.
The maximum annual amount is $108,000 per individual ($216,000 for couples with separate IRAs)
The gift must be made directly from your IRA custodian to MAM
Gifts can be made from Traditional, Rollover, and Inherited IRAs, as well as inactive SEP IRAs or inactive SIMPLE IRAs. (Distributions can sometimes be made from Roth IRAs , but this option generally does not have the same tax benefits; consult your tax advisor to discuss your situation)
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MAM welcomes inquires about possible art gifts to our collection, either given as a gift today or as a planned bequest for the future. Please reach out to Missoula Art Museum with the following information:
An image (or images) of the work(s)
Object information (artist, title, dimensions, and media)
Provenance history (history of ownership)
Please consult your tax advisor for tax questions regarding charitable donations/gifts.
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Missoula Art Museum holds two general operating endowments- one with The Roth-Eicholtz-Johnston Group at Merrill Lynch and the second at the Montana Community Foundation
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Description text goes herA donor advised fund (DAF) is a charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support your favorite causes.
If you have a donor advised fund, DAF Direct enables you to recommend grants to this nonprofit directly from your DAF (as long as your DAF's sponsoring organization is participating)