LEGACY PLANNING

SHOW YOUR
SUPPORT WITH
YOUR LEGACY

 

You may be looking for a way to make a significant impact for MICA. A legacy gift made through your will or trust is one of the most popular and flexible ways that you can show your support.

 

WILLS & BEQUESTS


What are the benefits of making a bequest?
  • You leave a lasting legacy to be remembered
  • You lessen the burden of taxes on your family
  • You may receive estate tax savings
NEXT STEPS
  1. Contact Don Jones at 410-225-2262 or djones06@mica.edu for additional information on bequests or to chat more about the different options for including MICA in your will or estate plan.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the University in your plans, please use our legal name and federal tax ID.
Legal Name: Maryland Institute College of Art
Address: 1300 W. Mount Royal Avenue, Baltimore, MD 21217
Federal Tax ID Number: 52-0591661

How do I make
a bequest?

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends or MICA as part of your estate plan.

SAMPLE BEQUEST LANGUAGE
I give, devise, and bequeath to the Maryland Institute College of Art [MICA], (Tax identification number 52-0591661), a not-for-profit organization located in Baltimore, Maryland, the sum of $ ________ in cash or in-kind (or ________ shares of ________ stock) to be used at the discretion of the Board of Trustees of MICA for the general purposes of MICA and its related entities.


Other Examples
 

What are my options?

A bequest can be made in several ways:

  • You can gift a specific dollar amount or asset
  • You can gift a percentage of your estate
  • You can gift from the balance or residue of your estate
  • You can make a beneficiary designation of certain assets

MICA cannot give you legal advice. Please contact your estate attorney.

 
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“MICA has had a huge impact on my life—the foundation for my life as an artist, preparation for my career as a graphic designer, and friendships with many truly amazing and talented people. As a former classmate and one who is grateful for all that MICA has meant to me, I am proud to ask you to join me in making a legacy gift to help support MICA’s continued growth and improvement.” 

— Bob Davis, ’62

 
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See Bob’s recent work on YouTube and his website.

 
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“I am grateful to MICA for supporting my career in the arts and relieving my family and me from financial strain. I now realize how close I am to the goals I want to achieve. The generosity of MICA’s donors have inspired me to strive to enable others to achieve their dreams.”

– Seanna, ’21 BFA Illustration

Seanna H., ’21

Seanna H., ’21

 

When you leave a legacy gift to MICA, you support our next generation of students and empower us to create opportunities for positive change. Planned gifts such as estate giving, income gifts, IRA rollovers, charitable lead trusts and real estate help sustain and strengthen the College for years to come. Planned giving allows you to connect your legacy with ours and use your success to improve the lives of others.  


HOW DO I GET STARTED?

We can help you build a giving plan that’s right for you.

• Knowledgeable professionals
• On campus, by phone, or email
• No cost or obligation

 


Disclaimer: Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.