Planned Giving

Leave a legacy by supporting arts groups in our community by donating to 5 Arts Circle. There are several ways you can make an impact in the Valley art scene.

Ways to Give:

The IRA Charitable Rollover/Qualified Charitable Distribution (QCD)

If you are 70 ½ years or older you can take advantage of a simple way to benefit 5 Arts Circle and receive tax benefits in return. You can give any amount up to $105,000 per year from your IRA directly to 5 Arts Circle without having to pay income taxes on the money.

Benefits:

  • Satisfy your required minimum distribution (or a portion of it)for the year (RMD).

  • Reduce your taxable income.

  • Support 5 Arts Circle in their mission of supporting arts in our community!

Appreciated Stock

Stocks that have increased in value and been held for more than one year are eligible for a donation tool to give to 5 Arts Circle. Making a gift of appreciated stock offers you the chance to support our work while realizing important benefits for yourself.

  • Reduce or even eliminate federal capital tax gains on the transfer.

  • You receive a federal income tax charitable deduction based on the fair market value of the gift, with some limits.

  • Give support to 5 Arts Circle in their mission of supporting arts in our community!

Bequests

Making a bequest to 5 Arts Circle is an ideal way to make a significant gift, but retain the use of your assets during your lifetime. Through a will or a trust, a family can bequeath a specific dollar amount, a percentage of an estate, or a residual value after other gifts have been satisfied. Bequests can be for a designated purpose.

Beneficiary Designations

Naming the 5 Arts Circle as beneficiary of a life insurance policy, annuity, or retirement fund [e.g., IRA, 401(k), 403(b)] is a great way to eliminate substantial estate and income tax on these assets at the time of your death.

Create a charitable trust and name 5 Arts Circle as the beneficiary

Establish a tribute gift or make an endowment gift

As these instruments are specific to your tax situations it is recommended to seek advice from your financial advisor before you proceed. If you have any questions please reach out with questions.