Legacy Circle

The Legacy Circle recognizes members and friends who have provided for the Boca Raton Museum of Art in their will or estate plans.

While membership revenue and annual gifts provide essential support for the Museum's collection and programs, it is endowment and estate gifts that will allow the Museum to expand education programs, secure the best exhibitions, make acquisitions, and maintain our facilities.

A legacy gift is an investment in the Museum and the cultural vitality of our community. Become a part of the Boca Raton Museum of Art's Legacy Circle. Enrollment is easy and there is no minimum gift requirement. Simply complete the Legacy Circle form. Every gift will make a difference.

Membership Benefits

By becoming a part of the Legacy Circle, you allow the Museum to thank and recognize you for the estate plans you have made. Your planned gift helps the Museum plan for its future and will inspire generosity in others. Benefits include an annual recognition reception and Legacy Circle listing in the Museum Lobby. Once your gift comes to fruition, your contribution will be recognized by level on our Cumulative Lifetime Giving and Cumulative Annual Giving walls.

Gifts of Works of Art

Your planned gift could also be a work of art! Over the last 65 years, the Boca Raton Museum of Art has been the recipient of many gifts and bequests of works of art donated by public-spirited individuals and organizations. A donation of artwork allows you to entrust the care and preservation of your collection to Museum professionals. It affords you the opportunity to share your artwork and its story with touring schoolchildren, Museum visitors, and researchers from around the world and it may permit you to take a deduction on your taxes. Significant gifts and bequests of artwork are acknowledged on our Cumulative Lifetime Giving and Cumulative Annual Giving walls as well as being acknowledged on the object label.

Please contact Roberta Kjelgaard at 561.392.2500 ext.202 or rkjelgaard@bocamuseum.org to learn more about the Museum's Legacy Circle.

A charitable bequest is one or two sentences in your will or living trust that leave to Boca Raton Museum of Art a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

I give {the sum of _____ dollars} {all or ____ percent of the residuary of my estate} to Boca Raton Museum of Art, Inc., a Florida corporate not for profit located at 501 Plaza Real, Boca Raton, FL 33432, for its general corporate purposes.

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Museum or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Museum as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Museum as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the Museum where you agree to make a gift to the Museum and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.