Legacy gifts — also known as planned gifts — involve designating the GLBT Historical Society as a beneficiary in your estate planning. A planned gift provides tax advantages to the donor, just as it benefits the GLBT Historical Society.
Designating the GLBT Historical Society for a planned gift makes you a member of our Legacy Circle, a select group of supporters who demonstrate their long-term commitment to the society and its renowned work in the field of queer public history. Legacy Circle members who wish to be named publicly are honored on our website and on our video wall at the GLBT History Museum.
Legacy Circle members may designate their planned gift to be used in the following ways:
Maintaining our regular operations. Your gift will directly support the operations of the GLBT Historical Society, including running the archives, the museum and additional programs.
Growing our Annual Fund. Your gift will be wisely invested and the proceeds of the fund used to support the work of the Society, including special projects such as our planned New Museum of LGBTQ History and Culture in San Francisco.
There are many ways to become a member of the Legacy Circle and ensure the GLBT Historical Society’s future through your estate planning:
You can make a bequest by naming the GLBT Historical Society in your will or living trust. This gift can be for a specific dollar amount or for a percentage of your estate.
You can leave a specific asset to the GLBT Historical Society to be sold and the proceeds used to support the society. Such assets may include real estate, stocks and bonds, high-value artwork or collectibles.
You can name the Society as the beneficiary of all or a percentage of the proceeds from a life insurance policy or annuity. This is typically easily arranged through your insurer or their agent.
You can name the GLBT Historical Society as the beneficiary of all or a percentage of your IRA, 401(k) or other retirement accounts. There are substantial tax benefits associated with such gifts, as retirement funds are usually taxable when withdrawn by the owner or the owner’s heirs, but are not taxed when left to charitable organizations.
You can make a gift through a tax-advantaged structure such as a charitable lead trust or charitable remainder trust. Your tax preparer or estate planner can advise you on these options.
You can designate a gift to the society through a donor-advised fund, where you make a contribution to the fund and immediately realize the tax deduction, then direct gifts to charities from the fund over time. Such funds are easily set up through many foundations and brokerage firms.
For More Information
To learn more about the Legacy Circle and planned giving, please contact us via email or at (415) 777-5455 ext. 4.
Join the Legacy Circle
To join the Legacy Circle today, please complete and return our confidential planned giving form.
Legacy Circle Members
Tom Burtch & Neil Austin
Tomlinson Holman & Friederich Koenig
Frederick J. Baumer
Larry Lare Nelson
Founded in 1985, the GLBT Historical Society is a registered 501(c)(3) nonprofit organization. Our Federal Tax Identification Number is 94-2989004.
Note: The GLBT Historical Society does not provide legal or tax advice. We strongly suggest that you contact your attorney and tax advisor regarding your best options for estate planning and planned giving.
Photo: Henri Leleu, Concerned Republicans for Individual Rights, ca. 1978, Henri Leleu papers (1997-13), GLBT Historical Society