|
Capital Fund
Charitable gifts also help to pay for the purchase of new equipment for our four performance spaces, and other facility related needs.
Planned Giving
Planned giving, or estate planning, helps you determine the most appropriate ways to address the needs of your loved ones while reflecting your personal wishes. By making these arrangements now you can benefit those who mean the most to you—including the charitable causes you support.
Many people assume there is no need to consider estate planning because they don't meet a certain level of personal wealth. Your assets include not just money but also:
- stocks
- bonds
- equity in a home
|
- personal and group life insurance
- deferred employee benefits
- the value of a business
|
Wouldn't you rather determine what happens to your tangible and hard earned possessions rather than leaving it to the government to decide? Whether you'd like to see your estate go to family, a charitable organization, your neighbor or all of the above, estate planning helps you accomplish both financial and charitable goals. It allows supporters of modest means to make a substantial gift while protecting themselves and their families.
Below is a PDF with wording for the various types of bequests that can be made through your will. Our resource for this wording is Leave A Legacy, a public awareness program sponsored by the National Committee on Planned Giving. As always, if you have questions, need advice or require more specific language please contact your financial advisor or review the Bequest Language form.
Bequest Language
Please remember Alaska Center for the Performing Arts, Inc. in your will or estate plan, and be sure to tell us if you have already. We would be honored to have the opportunity to recognize you now!
Information to consider when making a charitable gift:
- Tax Savings: Federal tax laws make it possible to eliminate taxes on funds given for charitable purposes. Because funds used to make charitable gifts are deducted from your taxable income/assets, you might be able to give more than you thought you could!
- Gifts of Cash: All tax deductible gifts received and processed by December 31, 2007 qualify as a gift in 2007. Through gifts of cash you can eliminate or reduce income tax on up to 50% of your adjusted gross income.
- Other Gifts: Gifts of property such as stocks, bonds, mutual funds, and other appropriate assets that have increased in value since you have owned them can allow you extra tax savings.
- Give from your IRA: For 2006 and 2007, if you are over the age of 70 1/2, you may want to consider giving a gift directly from an Individual Retirement Account (IRA). The Pension Protection Act of 2006 has made it possible to make a tax-free charitable gift from your IRA. Donors may choose to make charitable distributions in any amount(s) up to $100,000 per year. A couple with separate IRAs could each give up to the amount each year.
- Leaving a Legacy: There are many ways in which individuals and families can choose to contribute to their favorite not-for-profit group(s). Wills, life insurance policies, retirement accounts, and other planning vehicles provide excellent ways to leave long lasting contributions to ensure your charitable interests live on.
Endowment Fund
We are in the stages of planning our endowment campaign and the mission for the fund. If you would like to learn more please email Amanda Hutchins or call 907-263-2923.
Always consult your financial advisor for advice on your investments and charitable giving.
Want to learn more? Call The Center's Development Office at 263-2923.
Thank you for your support!
|