If you have already included The Henry Ford in a bequest or other planned gift, or intend to do so, we encourage you to let us know directly. Please note that reporting your gift today does not obligate you now or in the future.

Non-Probate Assets

IRA: Retirement assets are an easy and tax-smart way for you to make an impact on the next generation. Donors aged 70 1/2 or older may make a Qualified Charitable Distribution (QCD) up to $108,000 to a charity from their individual retirement accounts (IRAs). These contributions may also qualify to meet one's required minimum distributions. Please contact us for more information on this tax-advantaged giving opportunity.

For donors interested in making a Qualified Charitable Distribution (QCD) to The Henry Ford, we have provided a form to assist you in communicating directly with your retirement account holder.

Make The Henry Ford a Beneficiary: You may wish to make The Henry Ford the beneficiary of a life insurance policy or 401K as a way of making a larger contribution that is more affordable during your lifetime, while also benefiting from tax advantages. By naming The Henry Ford as a beneficiary of a life insurance policy, you can ensure that we will receive a significant donation upon your passing, without depleting your current assets. You may receive income tax deductions for premium payments made to the policy if you transfer ownership to The Henry Ford, creating a win-win situation. This strategy allows you to contribute to preserving The Henry Ford's mission while leaving a lasting legacy of support.

A CRT allows you to receive income from the trust for a set period or for life, with the remaining assets benefiting The Henry Ford after the income term ends. A CLT provides income to The Henry Ford for a specified period, with the remaining assets going to you or your beneficiaries. A CGA involves giving a gift to The Henry Ford in exchange for fixed income for life or a term, with the remainder going to The Henry Ford upon your passing. You may choose these options to help preserve and promote American innovation, history and education while receiving income, tax advantages and the satisfaction of leaving a lasting legacy at The Henry Ford.

Please note, there is a $10,000 minimum threshold for Charitable Gift Annuities.

An Example of How it Works:

Dennis, 66, and Mary, 65, want to make a contribution to The Henry Ford, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,020 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,402* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support The Henry Ford's mission.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.