Parliament of Owls
LEGACY GIVING TO THE APPRAISAL INSTITUTE OF AMERICA
When you establish a bequest or planned gift of $5,000 or more to the Appraisal Institute of America, you join the select group of individuals that make up the Parliament of Owls.
Your legacy gift ensures the financial stability of the Appraisal Institute of America for generations of appraisers to come and enables the Institute to maintain its mission to educate and promote the highest educational and ethical standards in the appraisal of personal property.
Please consider contributing today!
Leona Zastrow | Alex Roseberg | Betty Krulik | Sharon Crust
Building public trust, nationally and internationally.
The Appraisal Institute of America is a registered 501 (C)(3) non-profit organization and is the educational foundation of the Appraisers Association of America.
The Appraisal Institute of America provides education and programming that promotes the ethics, standards, and competency required to produce appraisals that meet the highest standards set by The Appraisal Foundation. The Foundation is the congressionally authorized body that is responsible for creating and promulgating the Uniform Standards of Professional Appraisal Practice (USPAP), with which all members of the Association are required to comply.
Each year, the Appraisal Institute of America:
- Delivers over 60 educational classes focusing on connoisseurship and theory and methodology for appraisers
- Holds two sessions of our appraiser training course, the Comprehensive Appraisal Studies Program; 164 students have completed the course since 2016
- Partners with international organizations in South Korea and the People’s Republic of China to educate on the practices and ethics of appraising
- Presents a two-day National Conference (currently in our 38th year) to 325 attendees from around the globe, covering approximately 22 topics delivered by 57 experts
- Hosts the annual Art Law Day conference. This conference attracts affiliated professionals from the fields of art law, tax & estate planning, insurance, and art conservation industries.
Please contact your financial advisor or estate planner to explore how you can support the Appraisal Institute of America’s efforts in the ensuing decades.
The Appraisers Association of America, established in 1949, is the premier association of personal property appraisers who focus on fine and decorative arts and collectibles. With a membership of over 900 independent appraisers and affiliated professionals in 100 different areas of specialization, the Appraisers Association's roster of well-established professionals has the widest range of experience and expertise in their respective fields. Among our members are former curators from major museums and auction house department heads.
Frequently Asked Questions
How can I give now to benefit the Appraisal Institute of America today?
Qualified charitable distribution from your IRA:
If you are 70 1/2 or older, you can take advantage of a Qualified Charitable Distribution (QCD) which allows you to directly transfer funds from your IRA to the Appraisal Institute of America. This is not considered taxable income to you, so you do not pay income tax on the distribution. A QCD can also count toward satisfying your annual required minimum distribution. The maximum amount that qualifies for a QCD each year is $100,000.
How can I give a gift now to benefit the Appraisal Institute of America later?
Make a gift in your will or trust:
A bequest from your estate may help you achieve your financial goals and benefit the Appraisal Institute of America. This gift is easy to implement with the help of an estate planning attorney. It also gives you flexibility to change your mind and access your wealth down the road, should you need it.
Designate a retirement account beneficiary:
Consider naming the Appraisal Institute of America as beneficiary of your retirement assets, including IRAs, 401(k) plans, and profit-sharing plans. By naming the Appraisal Institute of America as a beneficiary for these types of accounts, income tax can be avoided and 100% of the account can support the mission of the Institute. Also, unlike a bequest, there is no need to change your estate planning documents. You simply submit a new beneficiary designation to your plan provider.
A Charitable Remainder Trust (CRT) can benefit both you and the Appraisal Institute of America. It can provide you with a source of income for your lifetime. When you pass, the Institute receives the balance of the trust assets. A CRT is often more appropriate for larger gifts and should be done with the help of an estate planning attorney.
Charitable Lead Trust:
A Charitable Lead Trust (CLT) can also be valuable to both you and the Appraisal Institute of America. When you create a CLT, the annual income benefits the Appraisal Institute of America for a period of time chosen by you. At the end of the term, the remainder passes to you or your family members, potentially reducing your estate tax liability. Like a CRT, a CLT is more appropriate for larger gifts and should be done with the help of an estate planning attorney.
With your support of the Appraisal Institute of America via any of the above methods, you will become part of the Parliament of Owls and listed as a donor highlighting your generous support.
If you would like to become a member of the Parliament of Owls, please contact Linda Selvin to inform her of your generous contribution. Linda can be reached at (212) 889-5404, ext. 12 or via email at email@example.com