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Make a gift (bequest) through your will to the National Baseball Hall of Fame and Museum to ensure future generations of fans always have a home to celebrate the history of baseball. A bequest is one of the simplest ways to make a significant impact. In as little as one sentence, you can update your estate plans with this type of gift.

TYPES OF BEQUESTS

• Specific Bequest: A gift of a specific dollar amount or specific assets (i.e. securities, real estate or personal property) that you arrange for the Museum to receive.

• Percentage Bequest: Instead of a fixed gift amount from a specific bequest, a percentage bequest designates a set percentage of your estate to support the Museum.

• Residual Bequest: This type of bequest gives all or a portion of the balance of your estate to the Museum after the payment of expenses and any gifts to other beneficiaries.

• Contingent Bequest : A contingent bequest gift is made to the Museum only if the bequest designated to the primary beneficiary or beneficiaries cannot be met.

A retirement account can be a powerful and simple way to support the National Baseball Hall of Fame and Museum.

WAYS TO GIFT FROM A RETIREMENT ACCOUNT

Name the Museum as a beneficiary of your account: This method of giving is as simple as updating your beneficiary designation for your retirement account. You can designate the Museum as the primary or secondary beneficiary for a percentage or specific amount. The Museum could also be designated as a contingent beneficiary.

A charitable remainder trust is a gift plan defined by federal tax law that allows you to provide payments to yourself or others while making a generous gift to the Museum. The payments may continue for the lifetimes of the beneficiaries you name, a fixed term of not more than 20 years, or a combination of the two.

When the trust term ends, the trust's principal passes to the Museum. 

The final distribution of contributions remaining in your donor advised fund (DAF) after your lifetime can be designated when you create or update your fund. You can contact your DAF administrator and complete a beneficiary designation form naming the Museum as a beneficiary of your fund.

A life insurance policy is a versatile financial planning tool that can also be a powerful and simple way to support the National Baseball Hall of Fame and Museum.

WAYS TO GIFT LIFE INSURANCE

Name the Museum as a beneficiary of your policy: This method of giving is as simple as updating your beneficiary designation form with your insurance company. You can designate the Museum as the primary or secondary beneficiary of your life insurance policy for a percentage or specific amount. The Museum could also be designated as a contingent beneficiary.

If you are 70½ or older, you can make a tax-free distribution from your traditional or Roth IRA to the Museum, known as an IRA Qualified Charitable Distribution (QCD) or IRA Charitable Rollover. Benefits include:

• The IRA rollover amount is excluded from your taxable income.
• You may roll over up to $100,000 every year from your IRA as a QCD.
• If you are age 73 or older, the QCD can also count towards your required minimum distribution (RMD).