A Powerful and Simple Way to Support the Museum

When the original purpose for a life insurance policy no longer applies — such as educating children now grown or providing financial security for a spouse — your policy can become a powerful and simple way to support the museum. There are three ways to give life insurance to the Asian Art Museum Foundation:

  • Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.
  • Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift when you itemize.
  • Make an outright gift of a new policy. You can take out a new policy and irrevocably name the museum as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize on your taxes.

See How It Works

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Next Steps

  1. Contact Director of Individual and Legacy Giving Kate McNulty at 415.581.3683 or kmcnulty@asianart.org for additional information on life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the museum in your plans, please use our legal name and federal tax ID.

Legal Name: Asian Art Museum Foundation
Address: 200 Larkin Street, San Francisco, CA 94102
Federal Tax ID Number: 94-1704765

How You Can Benefit From Giving Life Insurance

Learn more about this simple gift by downloading a free copy of our informative guide Change Lives With Life Insurance.

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Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.