A Bequest to Further Good Work
Norma Maloof's husband Gerald established a testamentary trust many years ago, and named the art museum as a beneficiary.
When Gerald A. Maloof died his executor distributed the funds from his trust that had been designated for the art museum to help continue the museum's outstanding exhibitions, ongoing educational programs, and exciting performances.
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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."
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Palm Springs Art Museum:
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.
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.
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.