Legacy Society

You may designate the American Clock & Watch Museum as a beneficiary of your IRA or retirement plan. An IRA can be a wise asset to use for a charitable bequest, as individual heirs may be heavily taxed on distributions received by inheritance

During your lifetime, you may use Required Minimum Distributions (RMD) to fund a life-income gift. The distribution will be a taxable event, but you will be entitled to a charitable tax deduction if you itemize.

Wile outright gifts cannot be used to fund a life-income gift, the IRA Charitable Review legislation show permanence: the donor must be age 70.5 or older, giving a gift of 500,000 or less, and counting toward RMD. The gift must be transferred from an IRA directly to the charity. There is no deduction but the distribution is tax-free

Provide a simple way to make a timeless gift that continues after your lifetime,. Without a will or other provision, state law determines how your assets will be distributed after your death; this may not align with your wishes. Your will includes your bequests or designations to your beneficiaries,, whether heirs or charities. A bequest may be a specific dollar amount or percentage of the remaining estate after debts are paid.

Gifts of life insurance offer opportunities to make substantial charitable contributions. If you have a policy which is no longer needed for familyu protections, you may simplay name the American Clock & Watch Museum as a beneficiary.

To receive a tax deduction transfer ownership of the policy to the charity. (If the policy is not paid up, please continue to contribute these amounts as tax-deductible gifts to the American Clock & Watch Museum for us to pay the premium. You can also make a gift by purchasing a new policy, or add life insurance for asset replacement.

Please use this information when designating the museum as a beneficiary:

American Clock & Watch Museum

100 Maple Street, Bristol, CT 06010

(860) 583-6070

Federal ID #06-6006559