Leave a Legacy
“I believe preserving and sharing Sotterley’s powerful stories and the site where history happened, can empower future generations. I am proud to link my legacy to Sotterley’s legacy.”
- Long-term Sotterley supporter who has left a bequest to History Sotterley in her will.
Historic Sotterley is a charity that relies on funding from a wide range of sources.
We're sincerely grateful for every gift we receive, whether that's a gift in a will – either a financial contribution or the gift of an object – or a donation in memory. Your legacy will have a lasting impact.
If you're considering remembering Historic Sotterley through a gift in your will or a donation in memory, our team would be happy to talk to you about how your contribution could benefit the future work of the museum.
Leave a gift in your will
With a gift from your estate, you can make a long-lasting impact at Historic Sotterley. Each individual legacy contributes to our financial strength and ability to preserve the site for future generations. To make a gift to Historic Sotterley from your estate, seek the advice of your financial or legal advisor.
Please use our legal name, address, and Federal Tax ID when incorporating Historic Sotterley into your estate plans.
Legal Name: Historic Sotterley, Inc.
Address: PO Box 67, Hollywood, MD 20636
Federal Tax ID: 52-6037721
Donate in memory
When we lose a loved one, remembering them in a meaningful way can bring consolation. Your gift can help the memory of a friend or relative live on while supporting the Museum's work.
Our team would be happy to talk to you about giving a gift in memory or setting up a tribute fund.
Donate an object
Historic Sotterley is very grateful to those who wish to donate objects to the national collection. Objects determined to be pre-eminent may qualify for reduction against income tax, inheritance tax, capital gains or corporation tax liabilities when donated.
The Museum is committed to caring for the collection. Due to limited space and resources we're unfortunately unable to accept all objects offered to the Museum.
Gifts of Appreciated Securities
A viable alternative to a cash gift is a gift of appreciated securities. If you have owned the stocks or securities for more than one year, you are entitled to a charitable income tax deduction for the fair market value of your gift to the fullest extent permitted by law. You also avoid paying capital gains tax on the appreciation of the securities. Please contact your financial advisor for further information about tax deductions and eligibility.
Electronic Transfer through your Broker may be transferred from your broker to:
Morgan Stanley – The Rosenfield Group
107 Centennial Street, Ste 102A,
LaPlata Maryland 20646
FBO – Historic Sotterley
Please instruct your broker to call the development office at 301-373-2280, for acceptance of the gift and for further instructions.
Donor-advised funds allow you to give to your favorite charity (including Historic Sotterley) with ease of use and many of the benefits of a private foundation. Your donor-advised fund is itself is designated as a 501(c)(3) public charity and therefore contributions into the fund are tax deductible. When you make a distribution from your fund to Historic Sotterley, you can rest assured your gift will make an impact.
Donor-advised funds can be established with a number of entities, including community foundations, financial services companies. Be sure to work with your financial advisor to make the right decision for you.
IRA Charitable Rollovers
If you are 70½ or older, you can make a tax-free distribution from your traditional or Roth IRA to Historic Sotterley without incurring federal income tax on the withdrawal. Distributions can total up to $100,000 annually.
How it Works
You direct lifetime distributions from your IRA or ROTH IRA to Historic Sotterley Inc. The distributions go directly to Sotterley and are not subject to income tax.
A gift through your IRA may be for you if:
- You are over age 70½.
- You want to make a significant outright gift to support Historic Sotterley now.
- You have adequate or surplus retirement savings.
Donors should consult their tax advisor to determine if supporting Historic Sotterley with a gift from their IRA is a good option.
Gift of Life Insurance
By naming Historic Sotterley as the owner and beneficiary of your life insurance policy, you can make a significant gift in support of our work over the long term.
A life insurance policy gift that is no longer needed for family protection can make an excellent gift. The policy can be presented to Historic Sotterley and the donor can realize the tax deduction for a charitable gift. Historic Sotterley benefits over the long term when the policy comes due.
Younger donors who wish to increase their commitment but lack at-hand resources can name Historic Sotterley as owner and beneficiary of a new life insurance policy. Tax benefits are dependent on the structure of the policy.
Another simple way of supporting our work is to name Historic Sotterley as a beneficiary of your existing life insurance policy. This is as simple as contacting your insurance provider to request a new beneficiary form to complete.
Historic Sotterley, Inc.
44300 Sotterley Lane
Our Charitable Status
Historic Sotterley, Inc. is a non-profit, 501(c)(3) public charity organization. All donations are tax-deductible to the extent allowed by law.