Charitable Gift Annuity

Good for you. Good for America’s history._

There's a way for you to support the Smithsonian Institution and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity (CGA).

This type of donation can provide you with regular payments and allow us to further our museums, education, and research. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Contact the Office of Gift Planning at 888-419-7584 or legacy@si.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Smithsonian.

Please provide the following information to view the brochure.

Deferred Gift Annuity Request Form
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An Example of How It Works

Couple smiling Dennis, 66, and Mary, 65, want to make a contribution to the Smithsonian but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 4.8%, which means that they will receive $960 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $7,649* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to shape the future by preserving our heritage, discovering new knowledge, and sharing our resources with the world.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.

Next Steps

  1. Contact the Office of Gift Planning at 888-419-7584 or legacy@si.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Smithsonian.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Smithsonian in your plans, please use our legal name and federal tax ID.

Legal Name: Smithsonian Institution
Address: 1000 Jefferson Drive, SW, 4th Floor PO Box 37012 MRC 035 Washington, DC 20013-7012
Federal Tax ID Number: 53-0206027