LEGACY SOCIETY | March 2024

When Bruce Larsen learned of a new law, Secure 2.0 Act of 2022, which allowed donors 70 ½ years or older to make charitable donations from their IRA accounts and receive payments for life in return, he embraced the opportunity.

“When I learned that a qualified charitable distribution from my IRA could be used to fund a charitable gift annuity, I immediately thought of the Museum of New Mexico Foundation,” says Larsen, a longtime Foundation trustee. “I knew that my donation would be in good hands, and in this case, would ultimately benefit our [Bruce and wife Mary Anne’s] favorite museum, Museum of International Folk Art. A lower tax bill in 2023 and on-going income is a win-win.”

This special type of charitable gift annuity can be created only in a donor’s lifetime and is limited to $53,000. Funds remaining after your lifetime of payments will continue to support the Foundation’s mission in your name.

To find out more about how to create a charitable gift annuity by using a qualified charitable distribution from your IRA, please contact Laura Sullivan, director of Planned Giving at 505.216.0829 or laura@museumfoundation.org, or visit our website.