Planned gifts provide the resources that create extraordinary opportunities and preserve our future. By including the Howell Opera House in your financial planning, you can provide a legacy that will help ensure the mission of the Livingston Arts Council — to engage, educate, and entertain individuals of all ages with art and cultural activities for creative expression and social interaction.
To advance this mission, Livingston Arts Council has established the Howell Opera House Endowment Fund. This fund allows us to accept major or lifetime gifts as well as gifts of appreciated stock, real estate, life insurance, or retirement plans, all with the goal of long-term sustainability of the Howell Opera House complex and its vital programs.
Whether you are updating your Will or curious about charitable giving vehicles with immediate tax benefits, The Livingston Arts Council hopes you will remember us when making your plans. If you have already named the Howell Opera House in your will or trust, please share this wonderful news with us. We enjoy celebrating these gifts, ensuring the donor’s wishes are fulfilled and honoring your gift in a variety of special ways.
WHAT ARE SOME OF THE BENEFITS TO PLANNED GIVING?
- Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
- Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.
- Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.
For more information please contact us or make a donation below.