The Art Center of the Bluegrass is an asset to the entire Southern Bluegrass Region, with programs benefiting thousands of individuals each year. If you would like to discuss gift-giving opportunities to make a lasting impact, please contact Kate Snyder at 859.236.4054 or email@example.com.
Including the Art Center of the Bluegrass in your estate plans is an easy way to make a big impact. You should talk to your attorney to be sure you have the language correct, but here is the basic statement you will want to include in your will.
“I hereby give, devise and bequeath _____ and No/100 dollars ($DOLLARS) to Art Center of the Bluegrass, a nonprofit organization located at 401 W. Main Street, Danville, KY 40422 Federal Tax ID #16-1674338, for the organization’s general use and purpose.”
You can also choose to bequeath a percentage of your estate, or to make the Art Center a contingent or residual beneficiary. Talk with your attorney about your options!
Did you know? You can donate your IRA distribution to the Art Center! Retirees typically need to pay income tax on withdrawals from traditional retirement accounts. However, retirees ages 70 1/2 or older who directly transfer their IRA withdrawals of up to $100,000 to a qualified charity will not owe income tax on the distribution. Talk with your financial adviser about supporting the Arts Center with your required minimum distribution!