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Charitable Bequests – A Reflection of Your Values

If you are like most people, your first concern when planning your estate is to provide for your family members. But if your children are already financially secure, or if you don’t have any children, consider supporting the cultural, educational, social and economic growth of your community though Cultural Arts Connection. Charitable giving through a bequest in a will or trust is the traditional way that Americans choose to support a worthy cause beyond their annual contributions.

Of course, you may not want to leave everything to Cultural Arts Connection; instead you can bequeath a sum of cash or a particular asset. If you want to make certain a spouse or other survivor is provided for, your bequest can be contingent – payable only after that person doesn’t survive you.

There are many ways to carry out your benevolent desires. And you may wish to make your gift in memory of someone, either yourself or a person you cherish. We welcome the opportunity to recognize you and your loved ones.

Ways to Give

A charitable bequest to Cultural Arts Connection may be expressed simply in terms of a specific dollar amount – a very desirable means. But perhaps other ways could be more appropriate in your circumstances:

Percentage of your estate. Your gift might be stated as a share or percentage of the residue of your estate – or the remainder of any trust you’ve created.

Specific asset. You could leave to us a valuable object of a parcel of real estate that you know could be especially useful to us. For certain assets you bequeath, you will need to change the beneficiary designation form:

Retirement plan assets. You could name us as beneficiary of a portion (or all) of your qualified plan or IRA. Unlike individuals, our nonprofit organization doesn’t pay income taxes on the proceeds.

Life insurance. You might designate us as the primary or contingent beneficiary of an existing or new life insurance policy.

Need our suggestions? Give us a call to discuss ways you can leave a legacy that will continue past your lifetime.

 

 

 

This website is partially supported by a grant from the Illinois Arts Council, a state agency.
P.O. Box 365, Lake Zurich, IL 60047
Telephone 847-540-1919 FAX 847-540-8457
General Information: ElaArts@aol.com
Copyright © 2003 Cultural Arts Connection. All rights reserved

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