Make a donation in honor of someone as a Tribute Gift
A Tribute Gift is a special gift you can make in honor of another person. These gifts are meaningful ways to commemorate a special occasion or honor or memorialize an individual(s). Making a Tribute Gift is also a wonderful way to help support Scottsdale Artists’ School in working towards its mission as an educational institution, and gifts are 100% tax deductible.
When you make a Tribute Gift, Scottsdale Artists’ School will send a note to the individual being honored—or to the family of those memorialized—informing them of the gift and the identity of the donor. The amount of the gift is kept confidential. You will receive an IRS tax letter confirming your gift.
Gifts of Stock
Stock, Bonds and other Securities
Did you know that your investments may also be an excellent source for charitable gifts? Stocks, bonds, mutual funds, and other securities that you have owned for more than one year not only make convenient gifts, but can provide you with welcome tax benefits as well.
A gift of stock owned for more than one year entitles you to an income tax charitable deduction for the full fair market value of the donated asset. If the stock has appreciated, you also avoid any capital gains tax on the appreciation.
To make a gift of appreciated securities to the Scottsdale Artists’ School contact our Business Manager, Wanda Stillions at 480-990-1422 and provide the name of your broker, the name of the stock and the number of shares you would like to contribute. Wanda will provide to you the procedures for completing the gift.
In order to avoid capital gains taxes, do not sell the stock yourself nor have your broker sell it.
EIN (Tax ID) 860460092
For more information contact Danielle Spahle email@example.com
Remember Scottsdale Artists’ School in your Planned Giving
One of the simplest ways to make a gift to the Scottsdale Artists’ School is through your will or living trust (estate planning, legacy gift or planned giving). Planned giving is a way to create opportunities for both Scottsdale Artists’ School and our donors.
Estate gifts provides critical support for the future of our organization and our mission and allows donors a practical, financially attractive way to support Scottsdale Artists’ School while offering several added benefits beyond the standard income tax deduction for a charitable gift.
The value of a gift by bequest to Scottsdale Artists’ School is deductible from that of the estate. It may consist of either a specific dollar amount or the value remaining after subject to estate tax and/or other obligations are met.
Bequests may be unrestricted or designated to a particular purpose, such as one of our programs. A simple provision or amendment prepared by your attorney at the time you make or update your will or trust is all that is necessary. Gifts included in wills and living trusts are popular because they are flexible, easy to arrange, and may be changed with your life circumstances.
There is no limit on amounts deductible from federal gift and estate taxes for charitable gifts made by will or trust, so no tax will be due on assets given in this way. To plan a charitable bequest, inform your attorney of your wishes and ask for advice regarding the best form for your gift.
Making a planned gift — There are many options for planned giving, and we advise that you consult your financial advisor, attorney, and with our development department to help tailor your legacy gifts – giving opportunities may be tailored to specific individual needs. The Scottsdale Artists’ School ‘s tax identification number is 860460092.
The following are some examples of legacy gifts:
- Gifts by Bequest
- Charitable Gift Annuity
- Charitable Remainder Trust
- Gifts of Life Insurance
- You can name Scottsdale Artists’ School as a beneficiary of a stated amount of money or a stated percentage of your estate.
- You can also designate Scottsdale Artists’ School to receive all or a portion of the remainder of the estate once all specific bequests have been satisfied.
- You can designate Scottsdale Artists’ School as a contingent beneficiary in the event that family members or other beneficiaries do not survive you.
For more information on planned giving opportunities, please contact Danielle Spahle, Development Coordinator at (480) 990-1422 extension 203 or email firstname.lastname@example.org. For specific advice, please see your attorney.
*The purpose of this information is to provide general gift, estate, and financial planning information. It is not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document.