Leave a Legacy to the Lincoln Arts Council
Lincoln Arts believes art belongs everywhere and you belong here, with us, to make the world a better and more interesting place than we found it.
Your support of the Lincoln Arts Council is so appreciated, and we thank you.
Annual gifts, sponsorships and grants provide a base of annual support for our programs, events and arts education outreach, but our future depends on the ability to build a reliable sustainable source of funding that provides for today’s needs as well as future goals.
Legacy gifts – those that come to us through your will, trust or estate plan – provide a secure future for LAC, while giving you peace of mind. A well-planned will is the centerpiece of an effective and thoughtful estate plan where you make important choices that make it possible to fulfill your personal wishes.
- Legacy gifts are simple. A few words in your will or trust – “I give, devise and bequeath to LAC (dollar amount, percentage of estate or description of property).”
- Legacy gifts are flexible. You may change your mind at any time, and the gift is made after your lifetime.
- Legacy gifts are versatile. You may structure them in a variety of ways.
The next time you meet with your estate planner or financial advisor to discuss gifts to family, friends and charities through your will, please consider including a bequest to LAC. You will have the satisfaction of knowing that the mission of LAC programs will continue to be supported in the future. Legacy giving sows the seeds today that will help LAC flourish tomorrow.
More Ways to Give
Name LAC as a beneficiary to receive assets such as retirement plans and life insurance policies after your lifetime. You can review and adjust designations at any time. Designations are entirely separate from your will.
Qualified Charitable Distribution
If you are 70 1/2 years old or older, you can give up to $100,000 annually from your IRA directly to LAC without having to pay income taxes on the money. Your gift will be put to use today, allowing you to see your philanthropic dollars at work and jump-starting the legacy you would like to leave.
Create an endowment or give to an existing endowment. The principal is invested and a portion of the principal’s earnings are used each year to support the LAC mission.
When you give appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction, and you avoid paying capital gains tax.
Donor Advised Funds
You transfer cash or other assets to a tax-exempt sponsoring organization such as a community foundation. You recommend which charities to support whenever you wish, which is like a savings account for philanthropy. You qualify for a federal income tax charitable deduction at the time you contribute to the account.
Establishing a memorial or tribute gift is a meaningful way to honor a loved one’s life or celebrate a special occasion while supporting LAC.
Gifts of Stock
If securities have appreciated in value and have been held for at least one year, a charitable deduction equal to their full fair market value rather than the original cost is allowed, and no capital gain is realized as a result of the transfer.
Have you already included LAC in your estate plans? Make sure to let us know so we can thank you and ensure your intentions are carried out properly.
The LAC is a not-for-profit organization. The federal tax identification number is 47-6046691.
For more information on planned giving contact Michele Peón Casanova at 402.434.2787 or email email@example.com.