Knowledge Center

Tuesday, August 20, 2013

Planned Giving Strategies for the Passionate Collector

By Richard M. Horwood

Imagine a young child visiting an art museum for the first time. She is captivated by what she sees and begins a journey of interest in the visual arts and ultimately becomes a collector. Now with a grown family and an interest in art museums, she wants to plan for her legacy and share her passion with her family and the community. This article explores opportunities for collectors to make an impact on future generations and enrich the lives of others.

When it comes to charitable giving, a gift can be made all at once or over time. Giving in the future is often referred to as "planned giving" or "deferred giving." These terms imply that the funds, assets, or property will reach the intended donee after some passage of time. Regardless of when the funds reach the intended party, the donor is making the commitment now...

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