Charitable Gift Annuities
When you are looking for ways to support the mission of the Virginia Museum of Fine Arts, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support VMFA's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with VMFA you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.
A Giving Story
For Hank and Genevieve Chenault, VMFA is part of their past, present and future. "Joining the museum was one of the first things we did after moving to Richmond in 1964," Hank explains. "Over the years, we've developed a deep appreciation for all that VMFA offers. Visiting other museums on our travels has confirmed that the Virginia Museum of Fine Arts is something truly special. The American and European collections are personal favorites, but what we really value are the countless opportunities for learning, fun and renewal," Hank continued. "As longtime members, we've developed wonderful relationships with the curators, whose expertise is such an asset to the museum. VMFA has added so much to our lives; we decided it was time to do more than our annual gift."
The Chenaults recently established a charitable gift annuity (CGA) with the museum, which provides an income stream during their lifetimes, a significant tax deduction and a charitable gift to VMFA upon their deaths. "Genevieve and I hope that our charitable gift annuity will, in a small way, enable future generations to enjoy and otherwise benefit from the beauty and the riches of the VMFA collection as much as we have." In gratitude for this gift, the Chenaults have been added to the Glasgow Society, which recognizes all those who have included VMFA in their estate plans.
See How It Works
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
- Contact Leslie Ellis at 804.204.2726 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with VMFA.
- Seek the advice of your financial or legal advisor.
- If you include VMFA in your plans, please use our legal name and federal tax ID.
Legal Name: Virginia Museum of Fine Arts Foundation
Address: 200 N. Boulevard, Richmond, VA 23220
Federal Tax ID Number: 51-0205333
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.