Methods of Giving

Donating gifts of appreciated stocks, bonds, or mutual fund assets are a great way to help the Frist Art Museum forward its mission of presenting and originating high-quality exhibitions with related educational programs and community outreach activities.

Not only will your gift make a lasting impact, but these types of transfers often do not incur capital gains on the appreciated value and may be eligible to claim the full, fair market value income tax deduction. (Always check with your adviser for specific tax advice.)

Just send the instructions below to your broker or call the Development Department a call at 615.744.4917. You may also email donate@FristArtMuseum.org with any questions.

Stock transfer instructions may be found here.

On average, stock transfers take about a week, so be sure to contact us by December 20 to realize any tax savings in the current year.

Mutual Fund Transfers: Each mutual fund has its own method of transferring fund shares. Please contact the customer service representative at your mutual fund institution for instructions.

What is a donor-advised fund?

A donor-advised fund is a type of investment account used to manage charitable donations on behalf of an individual, family, or organization. It gives donors the flexibility to recommend how much and how often money is granted to qualified charities like the Frist and receive an immediate tax benefit when they contribute cash, securities, or other financial assets to their DAF.

You can also designate the Frist Art Museum as the beneficiary of the entire account or a percentage of the fund. With this type of planned gift, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations such as the Frist. Please reach out to your fund administrator for a beneficiary form.

If you include the Frist Art Museum in your plans, please use our legal name and federal tax ID.

Legal name: Frist Art Museum
Address: 919 Broadway, Nashville, TN 37203
Federal tax ID number: 62-1731492

Please contact our Development Office at 615.744.4917 or donate@FristArtMuseum.org for more information or any questions.

If you own an Individual Retirement Account and have not yet taken your required minimum distribution, you may be able to avoid income tax on your required withdrawal by donating your money directly to a qualified 501(c)(3) organization such as Frist Art Museum. By making charitable donations directly from an IRA rather than taking required distributions that qualify as income, you may be able to keep your annual income down and qualify for other tax deductions.

Legislation requires that IRA owners be age 70 1/2 or older in order to make a tax-free charitable contribution. Those who meet the age requirement can transfer up to $100,000 per year directly from an IRA to an eligible charity without paying income tax on the transaction. If you file a joint tax return with a spouse who also has an IRA and meets the age requirements, they can also contribute up to $100,000. This means couples can exclude up to $200,000 of their retirement savings from income tax if they donate it to a charitable organization like the Frist.

To qualify, the distribution must come directly to the museum from the IRA provider, and the museum may not provide any goods or services in exchange for the gift.

Qualified charitable contributions must be made by December 31 each year in order to be excluded from taxable income.

A sample letter to your IRA provider that may help you arrange a distribution to the museum can be found here.

Honorariums and memorials are a meaningful way to pay tribute to someone who has had a lasting impact in your life while also contributing to the mission of the Frist Art Museum.

Donate in memory

Double the impact of your gift to the Frist Art Museum! Many companies support a culture of philanthropy and encourage their employees to give back to the community through matching-gift programs. In some cases, donations from retirees, spouses, and board members are also eligible to be matched.

Follow these steps to get started:

1. Become a member of the Frist (or renew) OR make a gift to the annual fund.

2. Wait to receive your tax deduction receipt.

3. Ask your HR department about their gift matching program. If you are instructed to send a matching gift form to the Frist Art Museum, please send the completed form to:

Frist Art Museum
ATTN: Development
919 Broadway
Nashville, TN 37203

There are so many ways to give beyond a donation. Support the Frist Art Museum while shopping at some of your go-to stores!

Amazon Smile

Shop at AmazonSmile and Amazon will make a donation to the Frist Art Museum!

AmazonSmile is a website owned and operated by Amazon that includes the same products, prices, and shopping features as Amazon.com. The difference is that when you shop on AmazonSmile, its foundation donates 0.5 percent of the purchase price of eligible products to the charitable organization of your choice at no extra cost to you.

To get started, visit smile.amazon.com and login using your existing Amazon account information. Once you have designated the Frist Art Museum as your recipient organization under your account settings, you’re all set! Happy shopping!

Kroger

Help give to the Frist Art Museum through your Kroger Community Rewards!

Once you link your Shopper’s Card to our organization, all you have to do is shop! Any transactions moving forward using the Kroger Plus number associated with your online account will be applied to the program, at no added cost to you.

Kroger will donate to us quarterly, based on your percentage of spending as it relates to all participating organizations. Rest assured that your shopping history is not shared with us or any other organization. This is simply a quick and easy way for you to support the Frist while living your everyday life!

Sign into your existing Kroger account and search for our organization here.