Planned giving at Beck Center for the Arts is a special way to leave a lasting legacy while also offering opportunities to boost your personal financial goals and provide you with tax benefits in return.
Anyone can make a planned gift and options can include:
Bequest - A gift under your Will or Trust to Beck Center enables you to make a gift that you may not be able to make during your lifetime. A bequest can be made through a percentage bequest, specific bequest, general bequest, or residual bequest.
Retirement Plan - A 401(k), 403(b), Keogh, SEP, or other qualified plan is one of the best ways to fund a charitable gift, whether during your life or at death. At death, retirement-plan assets are subject to estate and income tax. If you give all or a portion of your assets to Beck Center, the value of the interest passing to Beck Center is fully deductible for estate-tax purposes.
Life Insurance - If you are carrying more insurance coverage than your family obligations require, you may find a hidden gift asset in a surplus, paid-up policy. Alternately, you could create a gift for the future by taking out a new policy on your life insurance and naming Beck Center as the owner and beneficiary.
Charitable Lead Trust - A charitable lead trust generates income for Beck Center now, while reducing the tax cost in transferring assets to future generations. A lead trust holds gift assets for a lifetime or for a term of years, and pays annual income to benefit Beck Center while your family enjoys several tax benefits.
Beck Center recommends that you consult with your personal legal and/or financial advisors before making a planned gift. We are proud to partner with the Community West Foundation which can serve as an additional resource and help you facilitate your planned giving decision.
Those who let us know they have included Beck Center for the Arts in their estate plans become members of our Legacy Society. Legacy Society members are recognized in our Playbills, invited to select events and performances exclusively for Legacy members, and are given the satisfaction of knowing that future generations will be grateful for their foresighted generosity! Together, we can sure the future of dynamic arts education and performance for our community.
Please contact Jason Weiner, Director of Development, at (216)521-2540 x18 to learn more about the Legacy Society or for more information about Planned Giving at Beck Center for the Arts.