Leave a Legacy: Support History Through Planned Giving
Planned Charitable Gifts
Planned charitable giving is a great way to support the Henry County Historical Society while benefiting yourself and your family. There are many reasons to consider planned charitable giving, including offering you tax advantages and other financial benefits, reflecting your values and passions, providing financial stability and security for the museum, and creating a legacy for the Henry County Historical Society and its mission.
If you're interested in planned charitable giving, several options are available. You can contact our director at (660) 885-8414 for more information. You may also want to seek advice from your legal counsel, financial planner, or tax advisor.
Please include our legal name, address, and Federal Tax ID Number when making a planned charitable gift.
Legal Name: Henry County Historical Society
Address: 203 West Franklin Street, Clinton. MO 64735
Federal Tax ID Number: 23-7010352
Gift in your Will or Trust
The most common form of planned giving is through a will or trust. With this form of gift, you can leave a specific dollar amount, a percentage of your estate, or a specific asset to a nonprofit organization.
You can include the Henry County Historical Society in your will by adding this one sentence:
"I give [% of my estate] or [$__] or [specific assets like stocks] to the Henry County Historical Society in Clinton, Missouri, for [general purposes] or [specific building, collection, or program]. Tax ID: 23-7010352."
Beneficiary Designation for your IRAs, Life Insurance Policies, and Annuities
You can give money or assets to the Henry County Historical Society with a Beneficiary Designation gift.
Some of the benefits of this kind of gift include:
It is easy to set up and change.
It can reduce the taxes on your estate and your heirs.
It can support the causes you care about and leave a legacy. To designate the Henry County Historical Society as a beneficiary for your IRAs, life insurance policies, and annuities, follow these simple steps:
Request a change-of-beneficiary form from your retirement plan (IRA) administrator, insurance company, bank, or financial institution.
Choose the percentage (1 to 100) you want us to receive and write Henry County Historical Society in Clinton, Missouri, on the form as a beneficiary.
Return the completed beneficiary form to your plan administrator, insurance company, bank, or financial institution.
Charitable Gift Annuity
A charitable gift annuity is a contract between you and the Henry County Historical Society. You make a gift to us, and in return, the Historical Society agrees to pay you a fixed income for life.
A charitable gift annuity is easy to set up and provides a reliable source of income. It also offers tax benefits, including an immediate income tax deduction and reduced capital gains taxes.
Tax-Free Gift with an IRA
If you are 70½ or older, you can support the Henry County Historical Society and save on taxes by donating any amount up to a maximum of $105,000 per year from your IRA.
This is called an IRA charitable rollover or a qualified charitable distribution.
Endowed Gifts
An endowment gift creates a long-term legacy for you while allowing you to honor a loved one. It also provides a steady stream of funds to support the Henry County Historical Society well into the future.
Your endowment gift will be invested wisely so it grows even as annual payouts of up to 5% help support the Historical Society's mission.
Outright Gift of Real Estate
An Outright Gift of Real Estate is a transfer of property ownership from you to the Henry County Historical Society without any conditions or restrictions.
It is a straightforward way to make a significant gift in support of the Historical Society's mission. Benefits include:
You can claim a tax deduction for the property's full market value.
You avoid paying capital gains tax if the property has appreciated in value.
You avoid the hassle of selling the property by deeding it directly to the Historical Society.
It is easy to set up and execute.
Charitable Lead Trust
A Charitable Lead Trust is an irrevocable trust that allows you to support the Historical Society while retaining your assets for your family's future benefit.
There are two ways to make payments to the Henry County Historical Society:
Charitable Lead Annuity Trust: This option pays the Historical Society a fixed amount each year and is more attractive when interest rates are low.
Charitable Lead Unitrust: This option pays a variable amount each year based on the value of the assets in the trust. If the trust's assets increase, payments to the Historical Society also increase. You can also name the Henry County Historical Society to receive all or part of the account balance after your passing, creating a lasting impact supporting our mission.
Charitable Remainder Trust
A charitable remainder trust is a trust that provides a reliable source of income to you or other beneficiaries for a set period. After the trust term ends, the remaining assets are distributed to a nonprofit organization like the Henry County Historical Society.
Charitable remainder trusts offer tax benefits, including an immediate income tax deduction and reduced capital gains taxes.
There are two ways to receive income payments, and each has its own benefits:
An annuity trust pays you the same amount every year that you chose at the start of your trust. In other words, your payments stay the same, regardless of fluctuations in the value of the trust.
A unitrust pays you a variable amount every year based on a fixed percentage of the fair market value of the trust assets. Your payment amounts are reevaluated each year. If the value of the trust increases, your payments also increase. If the value of the trust decreases, however, your payments will also decrease.
Call Us
From April through December, we’re available to answer your call Tuesday through Saturday from 10 a.m. to 4 p.m.
Our phone number is (660) 885-8414.
If you are viewing our website from your cell phone, you can also use the "Place Call" button.
Email Us
If you prefer, you can enter our email address into the email program of your choice.
info@hcmomuseum.org