Britt Sequoia Legacy Planned Giving
Help Britt Music & Arts Festivals in perpetuity through a bequest to the Britt Music & Arts Festival.
Planning a bequest
- You'll need to set up a will or trust to communicate your wishes.
- After providing for family and loved ones in your estate planning documents, you can name Britt Music & Arts Festival as a beneficiary of your estate, and designate either a percentage or a specific dollar amount.
- After you pass, Britt Music & Arts Festival receives your gift.
- Just a few sentences in your will or trust are all that is needed to set up a bequest.
- Tax relief. You are entitled to an estate tax deduction for the full value of your gift.
- Lifetime support to benefit Britt Music & Arts Festival mission.
Charitable Remainder Trusts
With a charitable remainder trust, you can receive income each year for the rest of your life based on the assets in the trust that you create. After your death, the balance in the trust benefits your designated charities.
Your possible benefits
- A partial charitable income tax reduction.
- Potential for increased income.
- Up-front capital gains tax avoidance.
- The opportunity for professional management of trust assets.
Choose between two main types
- An annuity trust pays you, each year, the same dollar amount you choose when the trust is created. The payments stay the same regardless of fluctuations in trust investments.
- A unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets, determined annually. If the value of the trust increases, so do your payments. However, if the value of the trust decreases, your payments will decrease as well.
Charitable Gift Annuities
If you'd like to support Britt Music & Arts Festival while receiving regular payments during your retirement, a charitable gift annuity may be right for you.
How it works
You transfer cash or marketable securities to Britt Music & Arts Festival. We provide you with fixed payments for the rest of your life.
In addition, you receive:
- A charitable income-tax deduction
- The security of fixed payments that aren't dependent on financial markets.
- Quarterly, annual or semi-annual payments, backed by Britt Music & Arts Festival assets, that are partially tax-free.
- The satisfaction that comes from contributing to a sustainable Britt Music & Arts Festival for years to come.
Charitable Lead Trusts
You can benefit from the tax savings that result from supporting Britt Music & Arts Festival without losing the assets you've set aside for your family. Have it both ways with a charitable lead trust.
This is an excellent way to transfer property to family members (typically children or grandchildren) at minimal cost. This type of gift (also called a non-grantor or family lead trust) is especially appealing to Britt Music & Arts Festival supporters who are financially comfortable enough to forego investment income on certain assets.
How it works
- You give assets to the trust, which pays Britt Music & Arts Festival income for the number of years that you specify. The longer the term, the greater the tax savings for you.
- When the term is up, the remaining trust assets go to your family or a beneficiary you select.
- You support Britt Music & Arts Festival while also making sure your loved ones are taken care of after your lifetime.
- The gift qualifies for gift or estate tax savings based on the current value of the income paid to Britt Music & Arts Festival over the trust term. Talk to you legal or tax advisors for more information about tax savings.
If you'd like more information about Planned Giving, contact Julie Gillis at 541-690-3855, or email firstname.lastname@example.org.
Below are downloadable PDF examples that you can use to make a Planned Giving donation: