Leave a Legacy
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. You can make the arts world better with your support of the LAC. Your financial contributions and gifts are essential to our future. Why? Annual gifts help provide sustainability for our arts programming, events, and advocacy, meaning all the initiatives Lincoln Arts has to offer can continue to better the community for years to come.
Legacy gifts are simple, flexible, and versatile. All it takes is the addition of a few words in your will or trust—“I give, devise, and bequeath to Lincoln Arts x dollar amount, percentage of estate, or description of property”—to leave an impact of beyond a lifetime. 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. Because, when you include Lincoln Arts in your will or estate plans, you are setting up a legacy—your legacy—that will make all the difference.
Make an Impact
Beneficiary Designations
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.
Endowed Gifts
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.
Real Estate
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.
Memorials
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. LAC accepts gifts of stock via Lincoln Community Foundation. If you do not already have an expendable Donor Advised Fund at LCF, you may contact them at info@lcf.org to easily set up the free fund (no minimum balance needs to be maintained. LCF will provide instructions for transferring the stock. Once in your LCF Donor Advised Fund, you can immediately distribute it to Lincoln Arts Council. The process is easy but requires about a week to complete all steps.
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. Please note, when making your plans, that Lincoln Arts is a not-for-profit organization. The federal tax identification number is 47-6046691.
other ways to give
