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Create an enduring legacy at the National Portrait Gallery through a bequest or other estate-plan provision.

Planned gifts benefit the National Portrait Gallery and provide the donor with an opportunity to create a lasting legacy for future generations while maximizing the tax benefits of a donation.



The National Portrait Gallery Legacy Circle

Individuals who make up the Legacy Circle receive invitations to exclusive events and programs, and are recognized in Portrait Gallery publications and the Smithsonian Legacy Society.

Individuals may join the Legacy Circle by informing the National Portrait Gallery that arrangements have been made for one of the following gifts*:
  • A bequest to the National Portrait Gallery in a will or through a revocable trust
  • Participation in a life income arrangement for the benefit of the National Portrait Gallery (for example, the Portrait Gallery’s charitable gift annuity program or a charitable remainder trust)
  • The creation of a charitable lead trust for the benefit of the National Portrait Gallery
  • The naming of the National Portrait Gallery as a beneficiary of a retirement plan or a life insurance policy
  • A gift of real estate
*Gifts in any of these forms may be made in memory or honor of family and friends.

We invite you to contact us with questions or comments about planned giving; we would welcome the opportunity to discuss these options further with you. We highly recommend that you also speak to a financial adviser.

Benefits for Legacy Circle Members

Upon formal commitment to make a legacy gift, individuals will receive:
  • Annual Recognition Reception with National Portrait Gallery Director
  • Enrollment in the Smithsonian-wide Legacy Society, offering invitations to special events, the Annual Smithsonian Members Weekend and Legacy Society luncheon
  • Listing in the Smithsonian Institution and National Portrait Gallery Annual Report
  • Name listing on recognition plaque to be hung in the Gallery



Instruments of Planned Giving


Bequest

A bequest is one of the simplest ways to provide for the future of the National Portrait Gallery. Many donors have found it possible to make significant gifts of cash, works of art, or other property through their wills. A bequest to the Portrait Gallery is deductible against estate and inheritance taxes. Advance planning can minimize these taxes and preserve more of the estate.

Annuities

These gifts are life income arrangements, including charitable gift annuities and charitable remainder trusts that provide donors with regular fixed payments annually for life in exchange for transferring assets to the National Portrait Gallery.

Retirement and Pension Plans

Donors can make a charitable gift using retirement assets, by naming the National Portrait Gallery as a beneficiary.

Charitable Remainder Trust

This agreement between a donor and a trustee can provide fixed or variable income to meet specific financial needs of an interim beneficiary. When this trust terminates, trust assets are passed to the National Portrait Gallery.

Charitable Lead Trusts

This agreement between a donor and a trustee can provide fixed or variable income to meet specific financial needs of an interim beneficiary. When this trust terminates, trust assets are passed to the National Portrait Gallery.

Gifts of Real Estate

A gift of real estate can be an attractive way to support the National Portrait Gallery and to realize tax and income benefits at the same time, and it can also be a valuable asset when used to fund either a charitable remainder trust or a charitable lead trust.

Insurance Gifts

Making the National Portrait Gallery the beneficiary of a new or existing life insurance policy is another way to make a significant gift to the Portrait Gallery without tying up current assets.

Information for Advisers

Investment advisers help many individuals consider, among other things, charitable estate or tax planning strategies that can help meet their financial needs as well as their philanthropic goals. By sharing information about the National Portrait Gallery’s planned giving program with clients who might have a potential interest, advisers play a vital role in matching their clients with the National Portrait Gallery.

Investment advisers are welcome to contact the Smithsonian’s planned giving office at Legacy@si.edu or (888) 419-7584 for material and information to share with their clients.



























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For more information about Planned Giving please contact us