The Rock and Roll Hall of Fame + Museum


Planned Giving 

The Rock and Roll Hall of Fame and Museum Legacy Society

Did you know that you can make a contribution to the Rock and Roll Hall of Fame and Museum regardless of your net worth? You can use a variety of fiscal planning tools including charitable remainder trusts, gift annuities, and even life insurance and 401K accounts. There are often tax advantages for contributions.

Planned gifts benefit a donor by:

  • Establishing a permanent legacy in their name
  • Helping meet charitable goals
  • Reducing income, estate and/or inheritance tax liability

 

Planned gifts benefit the Museum by:

  • Recognizing the importance of our mission
  • Providing security to meet unforeseen challenges
  • Providing funds to support the operation of the Museum for years to come
  • Assuring excellence in programs and services

 

There is still time to take advantage of the IRA Charitable Rollover that was reinstated by Congress through the end of 2013

You can transfer up to $100,000 from your IRA directly to the Rock and Roll Hall of Fame and Museum as a year- end gift, free of federal income tax.  You must meet the following criteria in order to be eligible:

  • Donor must be at least 70½ years of age
  • Maximum rollover amount is $100,000 per tax year
  • To qualify for 2013, the gift must be made by Dec. 31, 2013

 

Other Examples of Rock and Roll Hall of Fame Planned Gifts

(This information is not intended as legal advice; in all cases please consult your financial advisor for specific details.)

Bequests

One of the easiest ways to provide enduring support to the Museum is to include a bequest in your will or trust that names Rock and Roll Hall of Fame and Museum as a beneficiary.  A bequest is not subject to Federal or state estate or inheritance taxes and is deductible in calculating your taxable estate.  Sample Language

Retirement Fund Accounts

Designating the Rock and Roll Hall of Fame and Museum to receive any benefits remaining in your retirement plan or using them during your lifetime to fund a charitable gift to the Museum may effectively reduce the taxes that will otherwise be imposed on those accounts.  Sample Language

gift annuity - life income plans

This type of gift is very easy.  You make an irrevocable contribution of cash or marketable securities and in return are paid an income for life. After your death, the remaining principal will pass to the Museum to be used as you have instructed. These gift annuities result in an immediate tax deduction for a portion of the value of the gift.  Sample Language

charitable trusts

If you establish a charitable trust to make regular lifetime payments to you and others, you can designate the Rock and Roll Hall of Fame and Museum to receive the remainder, realizing lifetime security and an immediate tax deduction for a portion of the value of the trust.  Sample Language

Tangible Personal Property

Gifts of tangible personal property, such as artifacts and memorabilia, are generally eligible for the same tax benefits as gifts of securities. But, there are special procedures. Please contact the Development department if you are considering such a gift.  Sample Language

 

Contact Information

Kelly Kleinschmidt
Director of Major and Planned Gifts
216.515.1216
kkleinschmidt@rockhall.org