Planned gifts are a mutual blessing; they help to sustain the Children's Museum's progress as well as your near-term financial and estate-planning goals. Depending on the gift vehicle you choose, your donation could yield a tax deduction and provide an income stream to you, designated family members or heirs. There are many planned giving options, including bequests, charitable gift annuities, and charitable remainder or lead trusts. Just as with annual gifts to CMOSC, planned giving may be funded with various assets such as cash, securities, or real estate.
We encourage you to consult with your financial, legal, and tax advisors as you consider donation opportunities. You can review some sample bequest language as you establish your plans, and a Bequest Notification Form is available for your use. Please call CMOSC's Development Manager to discuss which giving vehicles might best complement your goals. Thank you for considering including the Children's Museum of Sonoma County in your estate plans so that we may continue sharing the power of play with generations to come.
Types of Estate Planning Instruments Used To Make Bequests
Most people who make bequests do so through their wills. If you already have a
will, you can add a bequest to the Children’s Museum of Sonoma County
(CMOSC) by means of a simple document called a codicil. In some cases,
donors who have revocable living trusts choose to make a future gift to CMOSC
through the equivalent of a bequest, namely a charitable distribution provision in
the trust agreement. Usually, an existing trust agreement can easily be amended
to include such a provision. Regardless of the instrument you use, be sure to
seek the assistance of your attorney. Sample bequest language may be found here.