The Older You Are—The Better it Gets!
When I first decided to move to Palm Springs two years ago, I was above all enchanted by the weather—anything but the damp cold winters of Mid-Atlantic Delaware or its hot and very humid summers.
The Palm Springs Art Museum was a revelation after having been a Winterthur Museum and Gardens member, and knowing well the Delaware Art Museum with its peerless Pre-Raphaelite, Howard Pyle and John Sloan collections (its focus; however, is not primarily on contemporary art). But our museum is something else!
I was admitted to the docent training program, superbly taught and run by Glenn Wilhite and Robert Brasier, which is demanding. Above all, it offers a degree of cultural enrichment that was unanticipated, opening as it did to me the entire world of contemporary art.
Last year, having some funds that I wanted to invest, I could think of no better place than the museum. Nowadays, interest rates and dividend levels certainly discourage investment in CDs, savings accounts and the stock market - but for seniors like me, age 70 or older, who would also like to leave money to the museum, the ideal solution could well be a Charitable Gift Annuity.
Let me use my own example. I created my Gift Annuity first of all because my rate of return, guaranteed for life, is 6.40%. I received a charitable tax deduction of 45% of the amount invested. In addition, 75% of the semi-annual payment that I receive is tax-free for 11 years. On my death, the remainder comes to this museum.
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 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.