Planned Giving
Estate gifts provide an opportunity for donors to create a lasting legacy, all while making a long-term investment in the Walker’s innovative, multidisciplinary programming.
B. Walker founded the Walker Art Gallery in 1927 with the gift of his extensive art collection. Since then, many generous donors have honored his philanthropic impulse by making planned gifts to the Walker, establishing a legacy of their own while ensuring access to world-class contemporary art for future generations.
Donors who include the Walker in their estate plans ensure that artistic excellence, from new work to new scholarship, will continually be upheld at the Walker. Planned gifts help support the Walker’s annual operations and the Endowment Fund, allowing the institution to flourish artistically and become a model for museums around the world. The principal of the Endowment Fund is invested to increase over time, and the Walker uses the income it generates to support general operations and innovative, multidisciplinary programming.
By planning a future gift to the Walker, you too can make a crucial difference in upholding a sound foundation for the future growth and vitality of the Walker Art Center.
Ways to Leave a Planned Gift
Include a gift to the Walker in your will or revocable trust. You can choose a specific dollar amount or percentage of your estate, and the gift can consist of cash, stock, bonds, or other property. The Walker can also be named as a contingent beneficiary and receive your estate when you have no other beneficiaries. Testamentary gifts like this typically qualify for an estate-tax charitable deduction. Naming the Walker as a beneficiary requires that you add specific language to your will or trust agreement. Sample language is available upon request
Designating the Walker to receive a portion of or all your retirement assets can provide an important gift at considerable tax savings. Upon death, beneficiaries (other than a spouse or charity) may pay tax on gifts of retirement benefits. These assets are non-probate assets or exist outside of establishing a will. Naming the Walker as a beneficiary is accomplished by updating the change of beneficiary form provided by your account custodian.
Naming the Walker as a beneficiary of your life insurance policy will provide the Walker with substantial resources and is revocable should your family’s needs change. Life insurance policies are non-probate assets or exist outside of establishing a will. This change can be accomplished by updating the change of beneficiary form provided by your life insurance company. You can also purchase a new policy to benefit the Walker
Life income plans enable you and/or another designated beneficiary to receive income throughout your/their lifetime. These types of planned gifts allow you to obtain an income-tax deduction, reduce your estate taxes, and protect your financial security while making a charitable gift to the Walker.
A Charitable Lead Trust will provide annual payments to the Walker for a period of years. Upon termination, the remaining trust property will be distributed back to you or designated heirs, potentially saving them considerable gift and estate taxes.
A Charitable Remainder Trust will provide you with annual payments during your lifetime. Upon death, any remaining property will benefit the Walker. This type of gift provides you with an income-tax charitable deduction upon creation, reduces your taxable estate, and provide a reliable stream of income during your lifetime.
A Charitable Gift Annuity provides fixed income as well as charitable income-tax deduction in exchange for gifted cash or securities to the Walker. The rate is determined by your age, and you can choose whether to receive income immediately or wait until retirement.
These tools can also be structured to provide benefits for a spouse or children.
You can create a lasting legacy by naming your loved ones as a successor to your Donor Advised Fund (DAF) to continue to recommend grants to the Walker or name the Walker as a beneficiary to receive all or part of the fund after your lifetime. Naming the Walker as a beneficiary is accomplished by updating the change of beneficiary form from your DAF advisor.
Assure the continued appreciation of beloved works by designating a part, or the entirety, of your collection. The Walker’s collection holds more than 13,000 works, including paintings, sculptures, photographs, and prints as well as video installations, films, artists’ books, digital artworks, and objects in many other forms. Each year the museum’s collection grows through purchases and gifts. Artworks are purchased through a portion of the income from endowment funds dedicated to art acquisition. Gifts of art come from collectors who generously make their treasured works available for all to enjoy. Both gifts and purchases undergo rigorous review to determine whether they are appropriate additions to the collection. If you are considering donating a work of art to the Walker, please contact us first with details about your proposed gift.
The Legacy Circle
The Legacy Circle honors those who have remembered the Walker Art Center in their estate plans. In addition to the potential tax deductions, Legacy Circle members enjoy special benefits, such as invitations to exhibition tours and lunches at the Walker several times a year as well as recognition in Walker publications and on-site (if desired).
We invite you to join the Legacy Circle and be a part of sustaining the Walker’s financial foundation for generations to come. If you would like more information, or have made this commitment and are ready to notify the Walker, please complete the Legacy Circle Confirmation form or contact Michelle Poss, Gift Officer, at 612-375-5838.
LEGACY CIRCLE ARTICLE PROFILES GO HERE
Additional information on the Walker Art Center
Legal Name
Walker Art Center
Address
Walker Art Center
725 Vineland Place
Minneapolis, MN 55403
Federal Tax ID
41-0693929
Thank You, Legacy Circle Members
Dennis Albrecht
Jeff Albrecht
Betty J. Anderson*
Lawrence G. Anderson and Esperanza Guerrero-Anderson
Anonymous (3)
Martha and Bruce Atwater
Mike and Roz Baker*
Carol Vaughan Bemis
Antay S. Bilgutay and Paul Ditolla
Edward H. Borkon*
Ellen* and Jan Breyer
Tom Burke
Bonnie and Rob Carlson
Darlene J. and Richard P. Carroll
Sage and John Cowles*
Ellie Crosby
Merrie and Dave Dahlgren
Mrs. Julius E. Davis*
George D. Dayton III*
Julia W. and Kenneth Dayton*
Martha Dayton and Thomas Nelson
Mary H. Dayton*
Violet Victoria Deiro*
Drew Denker and Sara Piepgras
Katharine DeShaw and Mark McConnell
Sally Foy Dixon*
Mary Anne Ebert and Paul Richard Stembler
Denise M. Engebretson*
Stephen Figlmiller
Dolly J. Fiterman*
Shirley and Miles* Fiterman
Dorothy Simpson Fobes*
John Gabbert
Martha Gabbert
Arnold and Sylvia Goldman*
Doug and Jane Gorence
John and Deanne Greco
Robert and Kathleen Greiling
Kathy Halbreich
Nor Hall and Roger Hale
Eleanor L. Harris
Diane and Tony Hofstede
Lynette Homer
Deborah Hopp
Erin Hutchinson
Mary F Jenn
Linda E. Johnson
Nancy Johnson
Sara Jones and David Miller
Erwin and Miriam Kelen
Mr. and Mrs. William Kling
Sue Kotila
Felice E. Kronfeld*
Barbara S. Longfellow*
Linda Luksan and David Munn
Donna and Cargill* MacMillan
David Madson
Dr. and Mrs.* Malcolm A. McCannel
Dr. William W. and Nadine M. McGuire
Donald McNeil and Emily Galusha
Kristin Elsbeth Midelfort
Patricia M. Monick*
Allan E. “Pat” Mulligan*
Will Nevers and LuAnn Nevers
B.J. and Meg Nodzon
Heather Nordstrom
Richardson and Susan Okie*
Alan O.
Sarah Oquist and Rodney McFadden
Michael Peterman and David Wilson
Brian J. Pietsch and Christopher Hermann
Patrick B. Porter
Benita Raphan*
Dr.* and Mrs. Stacy Roback
Barbara and Tom* Ruben
Mr. and Mrs. Edmond R. Ruben*
Richard Russell
Louis Safer*
William Boss Sandberg*
Art* and Nancy Schwalm
Craig Seacotte*
Paul Simons*
Alec Soth
Harriet and Edson Spencer*
Shane Spencer
Drs. Phyllis K. Sher and Kenneth F.* Swaiman
Edward O. Swanson*
John Taft and Laura Delaney Taft
Roman and Alice Verostko*
Joanne and Philip Von Blon*
Archie D. Walker Jr.* and Amy C. Walker*
John and Janet Watson
Marge and Irv Weiser
William Weisman
Steven and Mindy Wexler
Helen Winton Whitney*
Darcy Winter
Penny and Mike* Winton
Brian Woolsey
Margaret and Angus* Wurtele
Rosina Lee Yue
R.D. Zimmerman and Lars Peterssen*
*deceased