Planned Giving
Planned giving ensures that Woodmere continues to be a vibrant center for culture, art, and learning for future generations. We are deeply grateful for the vital support provided by those donors who have left a planned gift and those who have provided documentation that they have included the Museum in their estate plans.
How to give
Are you interested in how to give a legacy gift? There are many ways to make a planned gift to Woodmere and create a legacy for what you value the most. Planned gift types can be made either directly or through models that provide tax benefits, some of which even provide income. Explore the gift types below to determine the best way for you to leave a legacy at Woodmere and join our Charles Knox Smith Society.*
Legal Name and Address:
Woodmere Art Museum
9201 Germantown Avenue
Philadelphia, PA 19118
There are more ways to give to Woodmere through a planned gift, including life insurance gifts and gifts of stocks and bonds.
Students enjoy a docent-led class at Smith Hall, supported by our generous donors.
The most common and flexible type of planned gift is a bequest through your will or trust, and can be made in any amount. You may designate Woodmere as the recipient of a specific amount or a percentage. Examples of bequest language to put in your will may be:
Restricted Use
"I bequeath the sum of X to the Woodmere Art Museum, in Philadelphia, Pennsylvania, for the following use:"
Cash Bequest
“I bequeath the sum of X to the Woodmere Art Museum, in Philadelphia, Pennsylvania, to be used or disposed of as the Woodmere Art Museum, in its sole discretion deems appropriate.”
Residuary Bequest
“I bequeath X percent of the [entire value OR residue] of my estate to the Woodmere Art Museum, in Philadelphia, Pennsylvania, to be used or disposed of as the Woodmere Art Museum, in its sole discretion deems appropriate.”
Bequest of Real Estate
“I devise all of my right, title, and interest in and to real estate located at (give address and describe property) to the Woodmere Art Museum, in Philadelphia, Pennsylvania, to be used or disposed of as the Trustees in their sole discretion deems appropriate.”
You may designate Woodmere as a beneficiary of life insurance, retirement funds, bank account, stocks and bonds, or donor advised fund. To name Woodmere as your beneficiary, simply ask your advisor, life insurance agent, or bank to send you a beneficiary designation form.
If you are age 70½ or older, you may also qualify for an IRA Rollover to transfer assets annually from your IRA to a non-profit like Woodmere, tax-free.
Donor-advised funds (DAFs) often allow you to make recommendations regarding the distribution of any remaining fund balance in the event of one’s passing. You may be able to name one or more charities as beneficiaries or recommend future distributions to certain charities. Your fund advisor can provide more information.
*Please consult with your financial advisor, attorney, or other trusted professional to know which option is right for you. When you leave a gift to Woodmere, we can continue our mission of telling the stories of the art & artists of Philadelphia.
