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The Dennos Museum Center
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LOVE ART? SHARE YOUR PASSION TODAY AND CHANGE LIVES.

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The Dennos Museum Center at Northwestern Michigan College relies on the generosity of public and private supporters to offer museum programs, curate exhibitions, and care for its 3,000 works of art. There are a number of different ways that you can contribute to the Dennos Museum Center and make a difference in your community. 

All gifts to the Dennos Museum Center are processed by the NMC Foundation, a 501(c)3 that directly supports the Dennos Museum Center and Northwestern Michigan College.

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WAYS TO GIVE

We recognize that giving comes in many forms for each and every supporter. No gift is too small, and all proceeds support our mission to engage, entertain, and enlighten audiences in our community. Volunteering and membership are also terrific ways to share your generosity and talent.

outright gifts

planned giving

  • Planned Giving includes life income gifts, which are a great way to turn low yielding assets into a higher gain without the tax burden.
  • Retained Life Estate allows the donor to donate a primary residence, vacation home or farm to the Dennos Museum Center/NMC Foundation while continuing to use the property. By transferring the deed to the Museum now, you receive an immediate charitable deduction for a portion of the property's value. The Museum / Foundation receives the property at your death.
  • A Will is a simple way to designate the Dennos Museum Center/NMC Foundation as a beneficiary of your estate.
  • The Museum can be designated as the beneficiary of a life insurance policy or retirement assets.

Persons wishing to support the Museum programs or make gifts of art to the Museum's collections should contact the Museum Director, Craig Hadley, at chadley@nmc.edu or call (231) 995-1055.

Through the NMC Foundation Office donors may make planned gifts or set up named endowments in support of the museum. Contact Rebecca Teahen, Executive Director for Resource Development / NMC Foundation, at rteahen@nmc.edu or (231) 995-1855.

endowment

Endowments provide for the critical and continual support of the Dennos Museum Center. Endowments are established with a gift from a donor. This gift is invested and a percentage of the principal is used to support the program the donor designates. To learn more about how you can establish a gift that will last for generations, please contact the Museum Director, Craig Hadley, at chadley@nmc.edu or call (231) 995-1055.

types of Assets

Gifts to the Dennos Museum Center or NMC Foundation can be made with a variety of assets.

Cash: Gifts of cash are the most common way to support the Dennos Museum Center and the NMC Foundation. By using a check or credit card, donors can make an immediate gift to the Dennos Museum Center. Please direct any gifts to: Dennos Museum Center, 1701 East Front Street, Traverse City, MI 49686.

Securities: Gifts of appreciated securities are an excellent way to support the Dennos Museum Center and avoid capital gains taxes at the same time. Gifts of securities can be made by contacting Rebecca Teahen, Executive Director for Resource Development/NMC Foundation, at rteahen@nmc.edu or (231) 995-1855. Please provide the following information:

  1. Your name, address and telephone number
  2. Description of the names and numbers of stocks
  3. Your broker's name and telephone number
  4. Any purpose for which you want to direct your gift

Artworks and Collectibles: Artwork can be donated to the Museum.

Real Estate: Gifts of real estate can be made to support the Museum. For more information, please contact the Museum Director, Craig Hadley, at chadley@nmc.edu or call (231) 995-1055.

Life Insurance: Life insurance is a perfect asset to give, saving it from the burden of estate tax. Gifts of life insurance give the donor two options. You may purchase a life insurance policy specifically designed to benefit the Museum. The Museum begins receiving annual earnings only after the policy generates a cash dividend. Upon the death of the insured, the Museum receives the full amount of the death benefit. However, you may hold a fully paid life insurance policy that you no longer need. By naming the Museum as owner, you can receive an estate tax deduction for the value of the policy or the policy owner's cost basis, whichever is less.

Retirement Assets: Retirement Assets can be given to the Museum/Foundation. For more information, please contact the Museum Director, Craig Hadley, at chadley@nmc.edu or call (231) 995-1055.

reminder

This information is not intended as legal or tax advice. Please consult with your professional advisor for advice specific to your situation. Questions? Please contact Rebecca Teahen, Executive Director for Resource Development / NMC Foundation, at rteahen@nmc.edu or (231) 995-1855.

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