Over the years, almost every improvement at OHTM has been the direct result of charitable support.

Our programs depend on people like you who share a passion for transportation, and want to see that same passion continue for generations to come. Our Development Team is ready to help you create a giving plan that meets both your financial and philanthropic needs. 

Planned Giving Options

Goal: You still want to keep it simple, while also having tax benefits and using publicly-traded securities you already own.

Option: Make a securities gift of your appreciated stock, mutual funds or bonds to OHTM.
Benefits: If the stock is worth more than you paid, you will receive a greater tax benefit than if you’d paid cash. You get an immediate tax deduction on the fair market value on the day of transfer, and you don’t have to pay capital gains tax on the donated securities no matter their original cost.

Goal: You want to make a promissory gift that costs you nothing now and will help the museum build financial strength and sustainability in the future. 

Option: Designate a portion of your will or trust (cash, property or a share of the remainder of the estate) to OHTM as a bequest.
Benefits: There is no upper limit on the estate tax deduction for charitable bequests. A bequest allows your assets to remain in your control during your lifetime.

Goal: You want to create a long-term gift that will not draw funds from your estate.

Option: Designate OHTM as a life insurance beneficiary on any paid-up policy or transfer ownership of a policy you no longer need.
Benefits: You get an immediate income tax deduction on the current value of the policy. If you choose to keep the policy active, your payments are also tax deductible and there is no impact on your estate.

Goal: You want to support the museum through your estate while freeing up other property to pass on to your heirs.

Option: Add OHTM as a beneficiary of your IRA, 401(k) or other qualified retirement plan distributions.
Benefits: This option can help avoid federal and state taxes on your savings and free up other property to pass on to your heirs. Should circumstances change, you can always change the beneficiary.

Goal: You want to make a donation while retaining your cash and liquid assets.

Option: Make a donation of real estate for the museum to use or sell.
Benefits: You get an immediate tax deduction on the discount from the appraised value of your property and pay no capital gains tax on the donated portion.

Goal: You want to establish a gift now, yet continue living in or using your home, vacation property or land.

Option: Set up a retained real estate agreement by transferring ownership of a property to OHTM with the ability to maintain full use until the end of your lifetime.
Benefits: There’s an immediate and valuable tax deduction (for a portion of the appraised value) in the same year you make the donation. You are able to enjoy your home and property for the rest of your life.

 

Whatever you want your gift to accomplish, we’ll work together to make it happen.
Our development office is ready to work with you, your family and your financial advisor to help you make the donation that best meets your philanthropic and personal goals.

To talk about giving that meets your needs, contact our Development Team by email at development@ohtm.org or by calling 207-594-4418.