2008 Gala Dinner
Dance and Auction |
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Donor Profile: Francis H. Rasmus, Jr. Although he is a Philadelphia resident, Frank has been visiting the Allentown Art Museum for years. After reading reviews of the museum’s exhibitions in the Philadelphia Inquirer, he made his first trip to Allentown. “You do world-class exhibitions here,” he likes to say during his now-frequent visits to the museum. Through the example of his beloved grandmother, Frank learned early that non-profit organizations need nurturing and support in order to thrive. When Frank retired, he decided to take his pension as a lump sum and invest it in IRAs. Then he began establishing charitable gift annuities with dozens of his cherished non-profit causes. Charitable gift annuities, or CGAs, are tax-advantageous instruments that enable a donor to make a planned gift to a charity while receiving guaranteed income during his lifetime. At the time of the initial gift, a significant portion of that gift is tax-deductible. Donors then receive regular income, based on the donor’s age, from the CGA. The charitable organization receives the remainder of the annuity when the donor passes away. Frank started his first CGA in 2004 and has since created over sixty, all of which will ultimately benefit about twenty different organizations. “These organizations are my pension,” Frank notes. “I get two dollars in charitable gift annuity income for every dollar of Social Security I receive every month.” Much of that income, he adds, is tax-free. He hasn’t stopped with CGAs. Frank also designates portions of his IRAs as bequests to his favorite charities. The Allentown Art Museum is grateful to be among those institutions. Today, Frank spreads the word about the benefits of planned charitable giving. He urges everyone to consider “giving while you live, but not at the expense of a comfortable retirement as it truly is a win-win proposition that lets you see the money at work doing good while at the same time helping to assure a comfortable retirement with a guaranteed income.” CGAs don’t just make good money sense. “You can have such fun with these things,” he says. “You can get your grandkids involved in philanthropy, teach them about helping others. You can memorialize your parents and grandparents as I have. You can help support relatives you’re concerned about. There are a million ways you can use planned giving to benefit your loved ones and the organizations you care about.” If you are interested in learning more about how CGAs or other forms of planned giving can provide you with a source of stable income while supporting the Allentown Art Museum, please contact Elsbeth G. Haymon, director of development, at 610-432- 4333, ext. 26 or email . |
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Business Partner Program The Museum’s Hitting the Road! |
![]() Tom Roberts, Cheryl Roberts and David Yanoshik at the museum's Business Partner Reception. Photo by Lehigh Valley Style. |





