About gifts of real estate and art
Making a gift of real estate or art to charity may be an appealing option for property owners with appreciated value, as it helps avoid capital gains tax liabilities.
Additionally, it benefits individuals seeking to simplify estate planning, reduce estate tax liability, and relieve themselves from ownership expenses and maintenance burdens.
Benefits
- Eliminate ownership and maintenance expenses.
- Make a significant charitable gift in support of our mission.
How it works
Carnegie Museums of Pittsburgh may accept a gift of real estate after reviewing the property. Real estate may be eligible if:
- You have a clear title
- You have owned the property for more than one year
- The property has appreciated in value
- There are no environmental or other concerns
Real estate may be given either by deed during your lifetime or in your will. Seek the advice of a financial or legal advisor to see if this option is right for you and your financial goals.
Artwork and Other Items for our Collections
Carnegie Museums of Pittsburgh has strict guidelines regarding the acceptance of artwork, artifacts, specimens, archives, ephemera and other items of tangible personal property. Contact us to see if your item meets our criteria and can be gifted to the Museums now or in the future.
Add the gift of real estate to your legacy
Donate real estate in your will or trust or through a Transfer on Death (TOD) Deed to ensure it is used for a charitable purpose and not subject to potential disputes or mismanagement in the future.
Learn more about gifts of real estate
Consult with a qualified estate planning attorney and a financial advisor to determine if this option is right for you.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Anne Lee
Title :Director of Planned Giving
Phone: 412-353-4853
Email: leea@carnegiemuseums.org
Already included us in your estate plan? Let us know
Legal Name: Carnegie Institute d/b/a Carnegie Museums of Pittsburgh
Legal Address: 4400 Forbes Avenue Pittsburgh, PA 15213
Federal Tax/ EIN #: 25-0965280
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.