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Palm Springs Art Museum
Palm Desert
Edwards Harris Center

A Benevolent Gift

Gil and Stan Gil Rose and Stan Russell state, "Family is an important part of our lives. Legacy is important to us as well. We believe that art lives on better when it is shared with the larger family the museum represents. That's the philosophy that led us to bequeath The Benevolent Gift to the museum."

Miltonberger "Inspired by the Lino Tagliapetra Glass Exhibit in 2009, we started to research a major piece of glass for our own home. That led us to Janis Miltenberger and her amazing piece in lamp-worked glass. In discussions with the artist it was suggested we might offer this work to the museum. The bequest program worked to achieve all our goals. I think the title of this piece is befitting its future placement with the museum."

You might find it helpful to select the "print" button above and print this page. Please feel free to give this information to your attorney. If he or she has any questions, please have them contact Michael Miner at phone number 760-322-4885  or e-mail us at dhodges@psmuseum.org .

Example bequest language - Please feel free to change the numbers or percentages as you desire.

1. Bequest of cash
"I bequeath the sum of $10,000 to Palm Springs Art Museum of Palm Springs, CA."

2. Bequest of a percent of the estate
"I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to Palm Springs Art Museum, Palm Springs, CA."

3. Contingent Bequest
"If my brother John Doe survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to Palm Springs Art Museum, Palm Springs, CA."

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Museum hours:

Palm Springs Art Museum:
Closed Monday
Tuesday, Wednesday, Friday, Saturday, and Sunday
10 a.m. – 5 p.m.
Thursday / 12 p.m. - 8 p.m.
Annenberg box office open Wednesday – Friday
10 a.m. – 4 p.m.

(760) 322-4800

Palm Desert:
Closed Monday
Tuesday, Wednesday, and Thursday / 10 a.m. - 5 p.m.
Friday / 12 p.m. - 8 p.m.
Saturday-Sunday / 10 a.m. - 5 p.m.

(760) 346-5600

Architecture and Design Center:
Closed Monday and Tuesday
Wednesday, Friday, Saturday, and Sunday / 10 a.m. - 5 p.m.
Thursday / 12 p.m. - 8 p.m.

(760) 423-5260

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A charitable bequest is one or two sentences in your will or living trust that leave to Palm Springs Art Museum a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state ZIP], give, devise and bequeath to Palm Springs Art Museum [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the museum or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the museum as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the museum as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the museum where you agree to make a gift to the museum and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.