Through 2021, under the CARES Act, you may receive a federal income tax deduction for charitable contributions of up to 100% of your adjusted gross income. If you take the standard deduction, the CARES Act allows for an additional, “above-the-line” deduction for charitable gifts made in cash of up to $300. Consult your tax advisor for further information.
Common Frequently Asked Questions
Make your contribution go further at no additional cost. Simply ask for your company’s matching gift form and include it any time you send a contribution to the museum or use the Matching Gifts Tool below to see if your (or your spouse’s) former or current company will match your gift.
Yes, your contribution may be fully tax deductible to the extent allowed by law. See your options below under the Charitable Income Tax Deduction section.
Yes. If you make a gift in any amount to honor someone special, that person will be informed of your thoughtfulness.
The family of a loved one commemorated by your gift will be notified. You can make a tribute gift online or by calling the museum toll-free at 866-875-4627.
The museum can accept works of art as a donation. Please review the Artwork Submission Guidelines for submitting work for review by the museum’s Curatorial Review Committee.
Match Your Gift
Looking to increase the impact of your gift? Use the search tool to see if your employer participates in a matching gift program. Many companies will even match to spouses and retirees.
Charitable Income Tax Deduction
If you itemize your income tax return, you are eligible for a charitable income tax deduction. Here are some things to know.
Gifts of appreciated stocks, bonds, mutual funds, or real property that have been held longer than 12 months offer the best tax advantages. They are deductible at their full fair market value, up to 30% of adjusted gross income. The capital gains tax is avoided. Excess deductions can be carried forward into as many as five additional tax years.
Cash contributions are deductible up to 50% of your adjusted gross income, and excess deductions can be carried forward into as many as five additional tax years.
In 2020, under the CARES Act, you may receive a federal income tax deduction for charitable contributions of up to 100% of your adjusted gross income. If you take the standard deduction, the CARES Act allows for an additional, “above-the-line” deduction for charitable gifts made in cash of up to $300. Consult your tax advisor for further information.
If you are 70 ½ years of age or older, you can transfer up to $100,000 from your IRA account to the museum. If the transfer is made directly to the museum, the withdrawal is not taxable as income. There is no additional charitable income tax deduction.
Life income gifts are a way to receive fixed or variable payments for life while providing the remainder to the museum.
The museum can receive other types of gifts, such as real estate, gifts of stock, or securities. Please contact Lindsay Canting at 202-783-7985 to discuss gifts of stock or securities.
If you have a donor-advised fund, you can make a transfer to the museum. For information regarding the regulations governing gifts made via donor-advised funds, please check with your fund manager or financial planner. To notify us about the gift, please email firstname.lastname@example.org or call 866-875-4627.