Explore tax-smart gift options
Learn about gifts that maximize the impact of your support while providing tax benefits for you!
Stocks, securities, & mutual funds
Donate stock, securities, or mutual funds and potentially receive tax deductions while avoiding capital gains taxes.
Many people choose to give stocks, securities, or mutual funds instead of gifts of cash. Giving appreciated assets like these help you avoid paying capital gains taxes, and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.
Give appreciated assets now and enjoy the benefits, or add us as a beneficiary of these assets and eliminate estate and inheritance tax, making the most of your gift.
Benefits
- Gifts of assets can often save you far more on taxes than gifts of cash
- Avoid all capital gains taxes
- Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
- Make an immediate impact on our mission
How it works
- Transfer appreciated securities directly to us (and avoid all capital gains taxes).
- Receive a tax receipt for the value of the assets.
- The securities are sold and the funds put directly to use for greatest impact.
Contact us for more information
| Gifts of appreciated stock or mutual fund shares may have favorable tax benefits for you. Consult your accountant or your attorney to discuss your tax situation and the advantages of making a gift of securities to Carnegie Museums. You can contact donorrelations@carnegiemuseums.org for transfer instructions. The procedure for making a gift of stock or mutual fund shares varies slightly. In both cases, please notify donorrelations@carnegiemuseums.org with the name and number of the shares that are being transferred so that we can record and acknowledge your gift as quickly as possible. The tax ID number for Carnegie Museums of Pittsburgh is 25-0965280. |
Qualified Charitable Distributions from your IRA
Give tax-free gifts from your IRA that benefit our mission and you.
A Qualified Charitable Distribution (QCD) is a tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their Individual Retirement Account (IRA).
QCDs can count towards satisfying an individual’s Required Minimum Distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.
Benefits
- Reduce taxable income
- Counts towards your Required Minimum Distribution for the year
- Make an immediate impact on our mission
How it works
- Instruct your IRA custodian to distribute funds directly to one or more eligible charities.
- Enjoy the benefit of a tax-free distribution from your IRA, contributing towards your required minimum distribution for the year.
- Potentially reduce tax liability by excluding the distribution amount from taxable income.
You will not receive a charitable income tax deduction for a Qualified Charitable Distribution.
Gifts of real estate and art
Donate real estate or art to make a lasting impact, unlocking the hidden potential of your property’s value.
Making a gift of real estate or art to charity may be an appealing option for property owners with appreciated value, as it helps avoid capital gains tax liabilities.
Additionally, it benefits individuals seeking to simplify estate planning, reduce estate tax liability, and relieve themselves from ownership expenses and maintenance burdens.
Benefits
- Eliminate ownership and maintenance expenses.
- Make a significant charitable gift in support of our mission.
How it works
Carnegie Museums of Pittsburgh may accept a gift of real estate after reviewing the property. Real estate may be eligible if:
- You have a clear title
- You have owned the property for more than one year
- The property has appreciated in value
- There are no environmental or other concerns
Real estate may be given either by deed during your lifetime or in your will. Seek the advice of a financial or legal advisor to see if this option is right for you and your financial goals.
Artwork and Other Items for our Collections
Carnegie Museums of Pittsburgh has strict guidelines regarding the acceptance of artwork, artifacts, specimens, archives, ephemera and other items of tangible personal property. Contact us to see if your item meets our criteria and can be gifted to the Museums now or in the future.
Add the gift of real estate to your legacy
Donate real estate in your will or trust or through a Transfer on Death (TOD) Deed to ensure it is used for a charitable purpose and not subject to potential disputes or mismanagement in the future.
Consult with a qualified estate planning attorney and a financial advisor to determine if this option is right for you.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Beth E. Brown
Title: Director of Planned Giving
Phone: 412-622-8859
Email: brownb@carnegiemuseums.org
Legal Name: Carnegie Institute d/b/a Carnegie Museums of Pittsburgh
Legal Address: 4400 Forbes Avenue Pittsburgh, PA 15213
Federal Tax/ EIN #: 25-0965280
