If you are looking for other ways to support the Museum beyond writing a check or using a credit card, you have come to the right place! Below are smarter ways to give that may work better for you and ensure the good works of the Museum for a brighter future!
Our official name is “Sandy Spring Museum, Inc.” and our Employer Identification Number (EIN) is 52-1224038. We have “doing business as” (d/b/a) for “Sandy Spring Museum.” Our mailing and physical address is 17901 Bentley Road, Sandy Spring, MD 20860
Stocks/Bonds
Gifts of long-term, appreciated stocks and bonds are a smarter way to give because they provide a potential double benefit: You will be eligible for both a charitable tax deduction for the value of the securities on the day you transfer, and you may not be responsible for taxes on any gains from the time you acquired them. To make a gift of stock, please click here for detailed information.
Charitable IRA Transfers (QCDs)
If you are age 70 1/2 or older, you can transfer up to $100,000 each year directly from your traditional IRA account to Sandy Spring Museum.
This smarter way to give may satisfy a portion or all of your annual required minimum distribution (RMD) and serve as a qualified charitable distribution for your IRA, which can save you on taxes even if you do not itemize! Contact your plan custodian to complete the IRA transfer. Sandy Spring Museum’s tax identification number (EIN) is 52-1224038. Please request your IRA custodian directly mail the check to:
Sandy Spring Museum
Office of Development
17901 Bentley Road
Sandy Spring, MD 20860
Essential notes on Charitable IRA Transfers (QCDs):
- This particular way to give only applies to traditional or Roth IRAs. Retirement plans, such as the 401k, 403b, and others, do NOT qualify.
- While The SECURE Act did change the required minimum distribution (RMD) age to 72 for those under 70 ½ as of December 31, 2019, it DOES NOT change the age eligibility for making a qualified charitable distribution (QCD) through an IRA. For those who are between 70 ½ and not yet 72, the QCD amount would not offset this year’s RMD because none are owed yet.
- In 2021, IRA owners age 72 and older resumed their required minimum distribution (RMD) from IRAs. By exercising an IRA qualified charitable distribution (QCD), you may satisfy all or a portion of your RMD for the year and reduce reportable taxable income.
- If your IRA custodian provides you with an IRA checkbook, please write the check to Sandy Spring Museum. Due to different IRS requirements for this type of transfer, please consider mailing your check no later than December 1 to provide adequate time for the postal service to deliver, and for us to process your generous gift.
Gifts that pay you income
Many faithful supporters like to make a gift to the Museum that provides a tax deduction and pays income to them every year of their life – all while knowing that the gift will make a legacy impact for future generations. This type of gift is called a Charitable Gift Annuity, and it is a simple agreement we prepare for you.
Gifts in a will
Make a gift to the Museum in your will to insure your values are remembered for future generations! If you have included the Museum in your will, please let us know by calling Diane Bush at (301) 774-0022.
If you are planning to make a gift to the Museum in your will, below is sample language to share with your estate planning attorney to be sure your intentions will be made and strengthen the Museum for future generations!
If your gift is to be your residuary estate:
“All of the rest, residue and remainder of my property and estate, including any lapsed or disclaimed legacies of any character, whenever acquired and wherever situated, to which I or my estate may be in any manner entitled at the time of my death, including any property or estate as to which I may have any power of disposition or appointment (all of which is my “residuary estate”), shall be disposed of as follows:
I give, bequeath and devise my residuary estate in fee simple absolute to Sandy Spring Museum (Tax ID No. 52-1224038), located at 17901 Bentley Road, Sandy Spring, MD 20860, for the benefit of __________ (name a program, endowment or the Annual Appeal here).”
If your gift is to be a percentage of your residuary estate:
“All of the rest, residue and remainder of my property and estate, including any lapsed or disclaimed legacies, of any character, whenever acquired and wherever situated, to which I or my estate may be in any manner entitled at the time of my death, including any property or estate as to which I may have any power of disposition or appointment (all of which is my “residuary estate”), shall be disposed of as follows:
“I give, bequeath and devise _____ percent ( ___%) of my residuary estate in fee simple absolute to Sandy Spring Museum (Tax ID No. 52-1224038), located at 17901 Bentley Road, Sandy Spring, MD 20860, for the benefit of __________ (name a program, endowment or the Annual Appeal here).”
If your gift is to be a specific amount of cash or securities:
“I give, bequeath and devise ___________ dollars ($ _______) or ______ shares of my ________ stock to Sandy Spring Museum (Tax ID No. 52-1224038), located at 17901 Bentley Road, Sandy Spring, MD 20860, for the benefit of __________ (name a program, endowment or the Annual Appeal here).”
If your gift is real estate:
“I hereby direct my [executor/executrix/personal representative] to sell my real estate located at [address/city/state], and give the net sales proceeds to Sandy Spring Museum (Tax ID No. 52-1224038), located at 17901 Bentley Road, Sandy Spring, MD 20860, for the benefit of __________ (name a program, endowment or the Annual Appeal here).”
Donor-Advised Funds
We accept donations from Donor-Advised Funds for any program of the Museum! For donor-advised funds, Sandy Spring Museum’s tax identification number (EIN) is 52-1224038. When completing your grant recommendation, please match our EIN to your request. Please have your provider include your name and what you want your gift to support with the grant check. Please have your provider mail your gift to:
Sandy Spring Museum
Office of Development
17901 Bentley Road
Sandy Spring, MD 20860
Employer Matching Gifts
Did you know that tens of thousands of companies offer to match charitable gifts their employees make each year? If your company has a matching gift program, you may be able to enhance or even DOUBLE the impact of your gift to the Museum! Below is a search tool to check to see if your company matches charitable gifts. If you do not see your company in the search, contact your Human Resources department and inquire about matching gifts.