Legacy Gifts

Bequest in Your Will or Trust

The most popular legacy gift to support the CLCMRC is a bequest in your will or trust. You can choose to leave either:

A specific dollar amount
A percentage of your estate

Additionally, you can name the CLCMRC as the beneficiary of your life insurance policy.

Charitable Gift Annuities

Charitable Gift Annuities are gifts that give back. These are simple contracts between you and the CLCMRC, allowing you to:

Transfer cash or securities
Receive fixed income payments in return

These gifts can also provide tax savings.

Donations of Real Estate

You can support the Museum’s mission by donating real estate – whether residential, commercial, or undeveloped. This option:

Saves on taxes
Reduces property ownership responsibilities

You can either donate property outright or transfer the title to the CLCMRC while retaining the right to use it during your lifetime.

Gifts of Securities or Mutual Funds

Donating securities or mutual funds is a tax-wise way to support your passion for Cadillacs and LaSalles.

Donating Through a Required Minimum Distribution (RMD)

If you are 73 or older, you can donate part or all of your Required Minimum Distribution (RMD) directly to the CLCMRC. This:

Excludes the donation amount from your taxable income
Helps satisfy your RMD requirement while supporting the Museum’s mission

Retirement Plan Beneficiary

Did you know you can designate the CLCMRC as a beneficiary of your retirement plan? Gifting all or part of your retirement plan:

Lowers future taxes
Limits income and estate taxes

Impact of the New Tax Laws

For the year 2025, the revised tax laws introduce tax provisions that can enhance the benefits of your donations:

Increased Charitable Deduction Limits: The bill raises the limits on charitable deductions for cash donations, incentivizing larger contributions.
Enhanced Tax Benefits for Donating Appreciated Assets: If you donate appreciated stocks or other assets, you may avoid capital gains taxes, allowing you to deduct the fair market value of the donation.
Expanded Tax Credits for Charitable Giving: Individuals making donations to eligible organizations like the CLCMRC may qualify for new tax credits, making your generosity even more rewarding.

Consult with Your Financial Advisor

We encourage you to discuss these giving alternatives with your financial advisor to explore options that align with your financial situation and goals for supporting the CLCMRC.

Contact Us

We are eager to discuss how your contributions can advance the CLCMRC’s mission and help preserve the heritage of Cadillac.
Please reach out to: Geoff Weller, Director of Advancement.