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Family Leaves Legacy Gift
Russell Goodman Graham, Jr. and Mary Elizabeth Graham
The Crocker Art Museum recently received news that it has been named as the remainder beneficiary of a $1 million charitable remainder trust from the late Mr. and Mrs. Russell Graham of Walnut Grove, California. Russ and "Midge" Graham were married for 62 years and followed in Russ' father's footsteps as ranchers in Sacramento and Yolo Counties, where they raised pears, asparagus and other crops. Their two daughters, Kathleen Hutchinson of San Francisco and Marilyn Lawson of Tucson, grew up in a house filled with art passed on to Russ and Midge by their families. Included were a collection of early California plein air paintings and the work of local artists from the late 1800s to 1930s, which have been promised as future gifts to the Crocker. Kathleen Hutchinson indicated that "my father loved these paintings and wanted them not to be sold but left to the Crocker Art Museum, where they could be enjoyed by everyone."
For more information on charitable remainder trusts or other ways that you can benefit the Crocker through your estate plans, please contact Amalia Griego at (916) 808-1177 or firstname.lastname@example.org.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Crocker Art Museum as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Crocker Art Museum as a lump sum.