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American Air Museum in Britain
1455 Pennsylvania Avenue
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Washington, DC 2004
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American Air Museum in Britain

Planned giving options

Leave a gift in your will

A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals, maintain control of your assets, and benefit the American Air Museum in Britain.

Find out more

IRA Qualified Charitable Distributions

Your Individual Retirement Account (IRA )can provide a tax-smart way to make an impact with the American Air Museum in Britain now. The Qualified Charitable Distribution (QCD) sometimes called an 'IRA Charitable Rollover' is a great way to make a tax-free gift now to the American Air Museum in Britain and satisfy your required minimum distribution, too. 

How do I qualify?

The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.

  • You must be 70.5 years or older at the time of the gift.
  • Gifts must go directly from your IRA to the American Air Museum in Britain.
  • Gifts cannot exceed $100,000 per donor per year.

Benefits

  • If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction
  • If you are age 72 or older and must take a required minimum distribution, a QCD gift can satisfy your Required minimum distribution without increasing your income taxes.
  • You may direct your gift to a program or area of your choice.
  • It is a wonderful way to create an immediate impact on the American Air Museum in Britain.

How can I make an IRA Charitable rollover?

Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to the American Air Museum in Britain

 

Charitable Lead Trust

Make a substantial gift to the American Air Museum in Britain in the form of fixed annual payments and pass assets to your family or other heirs at reduced gift and estate tax cost.  

A charitable lead annuity trust may be right for you if: 

  • You have substantial assets that you do not need currently for your own financial security 
  • You want to provide for your family or other heirs 
  • You want to save gift taxes, estate taxes, and probate costs 
  • You want your gift to make a difference at the American Air Museum in Britain starting immediately 
  • You could consider a gift of $25,000 or more to benefit the American Air Museum in Britain and your heirs 

How it works

  1. You transfer cash, securities, or other property to a trust. You receive a gift tax deduction
  2. During its term, the trust pays a fixed amount each year to the American Air Museum in Britain
  3. When the trust ends, its remaining principal passes to your family or other heirs you name

Name us in your assets

While you may transfer many of your assets through your will or living trust, a document called a beneficiary designation controls distribution of your retirement plans, life insurance policies, commercial annuities and a variety of financial accounts. 

One of the simplest ways to make a gift is to designate the American Air Museum in Britain to receive your assets at the end of your lifetime. You can specify all or a percentage of the assets you want each beneficiary to receive. Often, it's as easy as filling out a form. 

Beneficiary designations are an option for giving the following financial assets: 

  • Retirement account assets 
  • Life insurance 
  • Commercial annuity contracts 
  • Bank accounts 
  • Investment accounts 

Life income gifts 

Life income gifts support the American Air Museum in Britain while generating income for yourself and your family.

Charitable gift annuities

A charitable gift annuity provides fixed payments for life in exchange for a gift of cash or securities to The American Air Museum in Britain. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the American Air Museum in Britain.   

A charitable gift annuity could be right for you if:

  • You want to maintain or increase your cash flow
  • You want the security of fixed, dependable payments for life
  • You want to save income taxes or capital gains taxes
  • You would like income that is partially tax-free
  • You want to make a generous gift to the American Air Museum in Britain
  • You are considering a gift amount of $10,000 or more
  • You are at least 70 years of age

How it works

  1. You make an irrevocable gift of cash, securities, or other property to the American Air Museum in Britain
  2. In exchange, the American Air Museum in Britain pays you a fixed amount each year for the rest of your life
  3. When your gift annuity ends, its remaining principal passes to the American Air Museum in Britain

Charitable remainder annuity trusts

A charitable remainder annuity trust can help you maintain or increase your income for life while making a significant gift to the American Air Museum in Britain. The trust payments are the same amount each year, offering the security of fixed income. 

A charitable remainder annuity trust is right for you if:

  • You want to maintain or increase your income
  • You want the security of predictable payments for life or a term of years
  • You want to save income taxes or capital gains taxes
  • You want to choose the person who administers your gift and guides its investments
  • You want to make a generous gift to the American Air Museum in Britain
  • You are considering a gift amount of $250,000 or more
  • You want your gift to benefit multiple charities

How it works

  1. You irrevocably transfer cash, securities, or other property to a trust
  2. You receive an income tax deduction and pay no capital gains tax. During its term, the trust pays a fixed amount each year to you or to anyone you name
  3. When the trust ends, its remaining principal passes to the American Air Museum in Britain

Charitable flip unitrust

A flip unitrust can be an excellent way for you to give an asset that may take time to sell and receive substantial payments for life once the asset is sold. You might also be interested in using a flip unitrust to make a gift now that will supplement your income in the future, such as when you retire.

A charitable flip unitrust could be right for you if:

  • You want to give an asset that is hard to sell (such as real estate or closely-held stock)
  • You want to supplement your retirement income
  • You want to save capital gains taxes
  • You itemize your deductions and want to save income tax
  • You want to choose the person who administers your gift and guides its investments
  • You want to make a generous gift to the American Air Museum in Britain
  • You are considering a gift amount of $250,000 or more

How it works

  1. During its term, your flip trust makes payments each year to you or others you name. At first, it will pay you a percentage of its value or its net income, whichever is less
  2. After your flip trust 'flips', it will pay you a percentage of its value each year, regardless of how much net income it earns
  3. When your flip trust ends, all of its remaining assets will be used to support the American Air Museum in Britain

Pooled income fund

A pooled income fund is a trust that is established and maintained by the American Air Museum in Britain. Your gift of cash or securities is combined with other gifts in the fund and as the fund grows, you receive your share of fund income for life.

A pooled income fund gift may be right for you if:

  • You want income payments for life
  • You want the opportunity for income growth
  • You itemize your tax deductions and want to save income taxes
  • You want to avoid recognition of capital gain taxes on gifts of appreciated securities to the fund
  • You want to make a generous gift to the American Air Museum in Britain
  • You are considering a gift amount of $10,000 or more

 

How it works

  1. You make an irrevocable gift of cash or securities to the pooled income fund
  2. The pooled income fund pays you your share of its net income each year for the rest of your life
  3. When your gift ends, your share of the fund principal passes to the American Air Museum in Britain

 

Get in touch

For more information on this topic, please contact the American Air Museum in Britain.

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