Planned Giving

Interested in seeing the arts thrive in our community for years and years? Let’s make a plan together! You can help ensure the community you love and care about continues to thrive. It’s never too early to secure DVAA’s future with planned giving.

Review our Planned Giving Policy and contact DVAA with any questions or to discuss your plans today!

Will or Trust

How to Gift

• A specific item such as stock or property
• A specific amount of money
• A percentage of your estate
• A contingent gift (i.e., for a specific project)

Benefits

• Your commitment to DVAA is ensured
• Your gift is excluded from estate tax
• You retain control of your assets during your lifetime
• You can modify your gift at anytime

Other

• No impact during your lifetime

Stock or Mutual Funds

How to Gift

• Specific process detailed here (Put link)

Benefits

• You do not pay income tax on any appreciated value of the stock (gain)
• Your tax deduction is for the fair market value on the date of the gift

Other

• Contact DVAA to determine if specific mutual fund can be donated

Retirement Plan Assets

How to Gift

You can give a gift to DVAA in two ways:

• Option 1

As part of your annual required minimum distribution

Benefits

• You exclude the gift from taxation (Note: you do not receive a tax deduction for the gift)
• Gift made directly from your brokerage account to DVAA
• Makes a charitable donation of highly taxable assets while keeping other assets available to pass on to your heirs 

Other

• Option 1

Contact DVAA to determine if specific mutual fund can be donated

• Option 2

Naming DVAA as the beneficiary of your retirement account

• Option 2

Contact your broker to obtain beneficiary form

Life Insurance Proceeds

How to Gift

• Naming DVAA as a beneficiary of your policy
• Transferring ownership of your policy to DVAA or you can purchase a policy naming DVAA as the beneficiary.

Benefits

• Proceeds not needed for other beneficiaries can be a charitable deduction
• Makes a significant gift from income instead of capital
• Gift of a policy can result in an income tax deduction
• If policy ownership is transferred, your payment of future premiums can be a tax deduction 

Other

• Contact your insurance agent for the forms to do this
• Ask your tax advisor about claiming an income tax deduction for this option

Property

How to Gift

• Contact DVAA and review gift acceptance policy to determine acceptance and disposal of assets

Benefits

• No tax on the appreciated value of residential real property or personal property
• Generally, you receive a tax deduction for the full fair market value of the property on the date of the transfer
 You can make a gift of residential property, receive a tax deduction and still use the property.

Other

• Consult your tax advisor for valuation of property and determination of the amount of the deduction
• Consult your tax advisor for making such a gift

Before finalizing any charitable or financial plans, DVAA strongly encourages you to seek the counsel of your legal, tax, or financial advisor.

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