Over the years, donors like you have found that a charitable gift annuity can be a great way to support the Museum of Science and receive a lifetime of payments in return. Thanks to a recent change in rates, we can now offer you an even more generous annual payment.

Inflation is on the rise, and you may be disappointed with the interest rate paid by your certificate of deposit. Perhaps you are concerned about bond prices and continuing volatility in the stock market. A gift annuity from the Museum of Science can provide you with a regular stream of fixed-amount payments, perhaps higher than your certificate of deposit is paying, while you make a generous charitable contribution.

A charitable gift annuity is a simple agreement between you and the Museum promising to make payments of a fixed amount to you for life, in exchange for your contribution today. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the Museum. You can reserve lifetime payments for yourself or someone else, and you can name one or two recipients. Even better, you receive an income tax deduction for the value of your charitable contribution.

New Opportunity

Under a new law, donors who are over age 70½ can make a Qualified Charitable Distribution (QCD) in exchange for a charitable gift annuity. You can make this election only once in your lifetime and there is a limit of $50,000. Although there is no charitable deduction for your contribution, your QCD counts toward your Required Minimum Distribution (RMD).

This is an opportunity to turn some of your IRA into a lifetime stream of income without paying income tax. You can provide payments for yourself and your spouse. And, if you are concerned about RMDs, this contribution will reduce the amount of income tax you will have to pay.

Learn More

We would be pleased to provide you with your own personalized illustration showing how a charitable gift annuity might work for you. Please contact our team at 617-589-4417 or giftplanning@mos.org to learn more. Visit us.