How do You Make a Gift to the Walters Endowment?
An endowment gift can resonate for generations in the life of an institution. The principal of the gift is invested and managed even as income from the endowment supports ongoing programs. After discussing current museum objectives and funding gaps with the staff of the Development Department, donors can make a decision to establish an endowment with an initial gift and pledge agreement to fund the position over subsequent years, or leave a bequest to fund a program or position.
For example, a long-time member may have an interest in supporting the museum’s education programs. He or she has investments and property that are an important source of support presently, but can be converted into an endowment after the donor’s death. The donor makes a provision in the will to treat the museum as an equal legatee with his heirs; providing for the children as well as ensuring that support for the museum continues as a perpetual gift.
For another example, a husband and wife are interested in supporting exhibitions and establish a fund named after them. They make an annual gift to the named fund and take advantage of the tax deduction every year as they contribute. They also have the satisfaction of knowing that they will bring Baltimore exceptional exhibitions that are up to the Walters standard.
For information on giving to the endowment initiatives, please contact Ashley Mancinelli at 410-547-9000 x387 or email@example.com