The Marian MacDowell Society honors the many artists, friends, and supporters who choose to sustain the residency program by including MacDowell in their estate planning. Marian MacDowell, who founded the Colony with her husband, Edward MacDowell, devoted the rest of her life to ensuring that the residency program had the resources to endure into the distant future. With a bequest or one of the other planned gift options listed below, you can too. Society members receive invitations to special events and are recognized in the Society’s Honor Roll, in MacDowell publications, and on permanent signage in Colony Hall. Donors may also choose to participate anonymously. To learn more about supporting the Colony in this meaningful way, you may download the planned giving brochure, Creating the Future, here.
A bequest is a provision in a will setting aside a portion of a donor’s estate to MacDowell. This commitment allows donors to make significant contributions that may not be possible during their lifetimes. Legacies of assets — including cash bequests, stocks, real estate, rights to and royalties from works of art, and useful items such as books, equipment, and furnishings — are important in sustaining the Colony’s operations year to year.
To make a bequest, include a provision or codicil in your will designating a fixed amount of assets or a percentage of your residuary estate to The MacDowell Colony. Bequests are fully deductible from your taxable estate and can therefore represent significant tax savings. We recommend that you have your will prepared by an attorney. Here is sample language you may wish to use:
“I give, devise, and bequeath ____ (describe dollar amount, property to be transferred, or percentage of your residuary estate) to The MacDowell Colony a not-for-profit corporation located at 100 High Street, Peterborough, NH 03458, for its general charitable purposes.”
Other Planned Giving Options
There are many additional ways you can incorporate MacDowell into your financial and estate planning. The following options also carry tax deductions and other benefits, including trusts that provide you and/or your loved ones with lifetime income.
Donors who wish to make a planned gift should always check with their own legal or financial advisors. Although MacDowell does not offer tax or legal advice, we would be pleased to assist you and your legal or financial advisors in structuring your gift to support a specific discipline, Fellowship, or other project at MacDowell. We would greatly appreciate it if you would inform us of any arrangements in your will, trust, or other estate plans that support The MacDowell Colony. We will, of course, keep your commitment confidential. Please contact John Martin, Development Officer, at 212-535-9690 or via e-mail to discuss your estate planning.