Skip to Main Content

 Admission is always freeOpen today: 10:00  to 5:00  Directions             Play Artle            

                  -  Visit                      - Visit
                    - Getting Here
                    - Accessibility
                    - Tours, Guides & Maps
                    - Food & Drink
                    - Gallery Shops
                    - Visitor Policies 
                  -  Collection                      - Collection
                    - Highlights
                    - Search the Collection
                    - Artists Search
                    - Acquisition Highlights
                    - Stories 
                  -  Exhibitions                      - Exhibitions
                    - Current
                    - Special Installations
                    - Upcoming
                    - On Tour
                    - Past 
                  -  Calendar                      - Calendar
                    - Films
                    - Performances
                    - Talks
                    - Guided Tours
                    - After Hours
                    - Fun for Kids
                    - Festivals
                    - Workshops 
                  -  Learn                      - Learn
                    - Teachers
                    - Families
                    - Teens
                    - Adults
                    - Learning Resources
                    - Music Programs
                    - Film Programs 
                  -  Conservation                      - Conservation
                    - Projects
                    - Publications
                    - Resources 
                  -  Research                      - Research
                    - The Center
                    - Publications
                    - Make an Appointment
                    - Archives
                    - Library
                    - NGA Online Editions 
                  -  Support                      - Support
                    - Donate Now
                    - National Membership
                    - Circle Membership
                    - Leadership Groups
                    - Planned Giving
                    - Major Giving
                    - Gifts of Art 
                  -  Shop                      - Shop
                    - Books
                    - Jewelry
                    - Apparel & Accessories
                    - Kids
                    - NGA Custom Prints 
                  -  Play Artle

Home>Support Us>Planned Giving>Charitable Remainder Trusts

Overview

The Legacy Circle

Bequests

Annuities

Retirement and Pension Plans

Charitable Remainder Trusts

Charitable Lead Trusts

Gifts of Real Estate

Insurance Gifts

Information for Advisers

# Charitable Remainder Trusts

A charitable remainder trust allows the donor to make a substantially larger gift in the future than he or she might be able to make at the present time. In addition, when the trust is created, an income tax charitable deduction may be taken (subject to the limitations provided by law) for the present value of the trust as of its termination. There are two basic kinds of charitable remainder trusts: the charitable remainder unitrust and the charitable remainder annuity trust.

The charitable remainder unitrust provides for payments to the beneficiary or beneficiaries in amounts that may vary and that have the potential to keep up with inflation. The unitrust pays a specified percentage of the market value of the trust’s assets, as determined each year; the unitrust may be augmented by additional contributions.

The charitable remainder annuity trust pays a fixed amount each year—a percentage of the original principal set at the outset; it does not permit additional contributions.

**Example of a Charitable Remainder Unitrust:**

Mr. and Mrs. Stuart have been actively involved with the National Gallery of Art for a number of years. The remainder of their estate, after other bequests, debts, taxes, and expenses have been paid, will pass to the Gallery, as stated in their wills. Their estate consists of residences, stock, cash, and other property.

To increase their retirement income the Stuarts set up a charitable remainder unitrust, with a designated trustee, using a vacation home and a rental property they no longer need. The trustee will sell these properties and invest the proceeds. The couple will receive an annuity, a fixed percentage of the trust’s value each year. As the trust’s assets grow in value, the annuity payments to the Stuarts will increase, allowing for a greater return in their retirement years. In addition, the Stuarts may be eligible for tax deductions and other benefits.

When the Stuarts’ charitable remainder unitrust terminates, the remaining trust assets will pass to the National Gallery of Art. In the process of making a charitable gift to the National Gallery, the Stuarts have increased their income, reduced their tax burden, and clarified their estate plans.

We invite you to contact us with questions or comments about planned giving; we would welcome the opportunity to discuss these options further with you. We highly recommend that you also speak to a financial adviser.

For more information about how to make a planned gift, please view our digital brochure, *Gifts for the Future* (PDF 2.8MB).

EIN/501(c)(3)

Stock Gifts

Wire Transfers

I have already included the Gallery in my will.  Do I need to include a copy of my will?

Is there a minimum amount to qualify for The Legacy Circle?

Does The Legacy Circle offer the same benefits as The Circle?

### Stay connected

Learn more about our exhibitions, news, programs, and special offers.

About
          - About the National Gallery
          - Stories
          - Press
          - FAQs
          - Contact Us

Plan a Visit
          - Getting Here
          - Accessibility
          - Today's Tours
          - Food & Drink
          - Calendar
          - Downloadable Map

Get Involved
          - Donate
          - Membership
          - Volunteer
          - Opportunities
          - Shop Online

Resources
          - Search the Collection
          - Conservation
          - Library
          - Archives
          - The Center
          - Film Programs
          - Music Programs
          - Audio/Video
          - Open Access Images

Hours: 10:00 a.m. to 5:00 p.m. daily

**West Building**6th St and Constitution Ave NW*Enter or exit from Constitution Avenue, 4th Street, or 7th Street. The Madison Drive entrance is currently closed.*

**East Building**4th St and Constitution Ave NW*Enter and exit from 4th Street.*

**Sculpture Garden**7th St and Constitution Ave NW*Enter and exit from 7th Street, Constitution Avenue, or Madison Drive.*

We are closed on December 25 and January 1.

*The National Gallery of Art serves the nation by welcoming all people to explore and experience art, creativity, and our shared humanity.*

          -  Twitter 
          -  Facebook 
          -  Instagram 
          -  Pinterest 
          -  YouTube 

© 2024 National Gallery of Art   Notices   Terms of Use   Privacy Policy