Planned Giving

 

One Charitable Gift, A Lifetime of Benefits! Whether remembering Beck Center for the Arts in your will, establishing an income-producing gift, or giving appreciated stock, you can help ensure that Beck Center remains an arts leader in our community, and continues to transform lives and provide arts experiences for the benefit of all people regardless of age or ability, forever.

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.

IRA Charitable Rollover

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

 Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization

  • Satisfy your required minimum distribution (RMD) for the year

  • Reduce your taxable income, even if you do not itemize deductions

  • Make a gift that is not subject to the deduction limits on charitable gifts

  • Help further the work and mission of our organization

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to us.

  2. Your IRA funds will be directly transferred to our organization to help continue our important work.

  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

  4. Please contact us if you wish for your gift to be used for a specific purpose.

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.

Legacy Society

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 ensure the future of dynamic arts education and performance for our community.

Please contact Dena Adler, Director of Development, at (216) 521-2540 x18 or dadler@beckcenter.org to learn more about the Legacy Society or for more information about Planned Giving at Beck Center for the Arts.

legacy.jpg
 

Legacy Society Luncheon 2019 attendees joined by the actors from Beck Center Youth Theater production, Seussical. Photo credit Julie Gilliland

Beck Center