Planned Giving

A bequest to The Museum of the Confederacy helps ensure our rich collection is preserved for future generations

One of my fondest memories is of my father bringing me to The Museum of the Confederacy when I was nine years old. I have similar feelings when I take other children through The Museum today, because I know it is important to pass along to the next generation my knowledge of history and my respect for those who made that history. The Founders and my predecessors at The Museum were called the Regents, and they represented each state of the Confederacy. I often read their words and constantly see their references to future generations. It dawns on me that they were talking about my father and me. I naturally begin to think about what I can do for generations still to come, doing for them what the Regents did for us. I joined the Regents Circle, named in honor of the dedication of our founders, by making provisions in my will so that the legacy given to me and my family by the Regents can continue. I hope you will do the same.

S. Waite Rawls III, President & CEO
The Museum of The Confederacy

In 1896, the ladies of the Confederate Literary Memorial Society showed great foresight in founding the Museum of the Confederacy.  Now the Museum can look to the future with confidence thanks to the foresight of those who have chosen to support The Museum through a planned gift.

The Regents Circle
In 2011 The Museum of the Confederacy established the Regents Circle to recognize, honor, and thank our supporters who have remembered The Museum in their estate planning, either by a provision in their wills or another form of deferred gift. If you have already made a planned gift for The Museum of the Confederacy, we hope that you will share those plans with us so that we can welcome you to the Regents Circle. As a Regents Circle participant you will receive invitations to selected events and programs. You will also be acknowledged in our yearly Annual Report.

The Mission of The Museum of the Confederacy is to serve as the preeminent world center for the display, study, interpretation, commemoration and preservation of the history and artifacts of the Confederate States of America.

Your gift will be used to help preserve a priceless collection of artifacts and letters so visitors of all ages can gain an understanding about the Confederacy and its role in the Civil War. Your gift will allow others to learn about this important time in our nation’s history through meaningful lectures, programs and publications.

A Planned Gift is a Planned Legacy

Planned giving allows you to support The Museum of the Confederacy by making a larger gift than you could make from your current assets. Some planned gifts can provide you with income during your lifetime, while other planned gifts create tax benefits for your beneficiaries. By working with your estate planning advisor, you can choose the deferred gift which best reflects your current needs and your desire to leave a lasting legacy for The Museum of the Confederacy.

Some Planned Giving Techniques

Retirement Plans
You can name The Museum as the successor beneficiary of all or part of your IRA, 401K or other retirement accounts. Although this does not provide an immediate charitable deduction, a gift of a retirement account following your death minimizes the loss of assets to your beneficiaries.  Because a retirement account is subject to both income and estate tax, naming the Museum as the beneficiary removes the most-taxed asset from your estate.

Charitable Remainder Trusts
A charitable remainder trust allows you to transfer appreciated securities to an irrevocable trust and direct the trustee to pay you a specified amount during your lifetime with the principle of the trust being distributed to The Museum upon your death. While the A Charitable Remainder Trust is not a revocable gift, it has the advantage of providing you with income during your life, and removes the contributed assets from your taxable estate, thereby benefitting you, your heirs and The Museum all at the same time.

Life Insurance
You have several options in giving life insurance to the Museum.  You can name The Museum as the beneficiary of the life insurance policy so the Museum will receive the proceeds at your death.  In addition, you can contribute a fully paid up policy or you can contribute a policy on which some premiums remain to be paid.  In both of these cases, there may be income tax benefits available to you and you can create a sizable gift for the benefit of future generations. Your life insurance company can provide you with a simple change of beneficiary form.  Because your designation is revocable, you may change your designation if your life circumstances necessitate.

Bequests in wills or living trusts
By adding a simple sentence to your existing will or living trust you can leave a lasting legacy to The Museum. There are a number of different kinds of simple bequests.

Cash Bequest
An example of  a cash bequest is
• I give   $ ______ to The Museum of the Confederacy to be used to advance the mission of The Museum as determined by the Board of Trustees.

Residuary Bequest
An example of a residuary bequest is:

• I give [all / ___%] of the rest and residue of my estate after the payment of all debts, bequests, administration and taxes to The Museum of the Confederacy to be used to advance the mission of The Museum as determined by the Board of Trustees.

Restricted or Unrestricted
You may choose to make your planned gift unrestricted or it may be designated for some specific program or purpose. We are here to guide and serve you in deciding how you would like your gift to be used. Whatever form you choose, the impact of your planned gift for the future of The Museum can be profound and your dedication to our shared mission deeply appreciated.

You should talk to a qualified tax advisor before creating any kind of planned gift. If you would like to talk to someone at The Museum about making a Planned Gift please call (804) 649-1861 x143 or email us.