Legacy Giving

Legacy Gifts

Legacy Giving

Legacy Gifts

TRIBUTE GIFT

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.

Download Tribute-Gift-Form here.

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 l Trudy Hays

Download Gift of Stock Form here.

ESTATE PLANNING

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.

Don’t Know How to Start Then Make This the Year for Estate Planning

Make A Resolution

The start of a new year means a fresh slate. For many people, the new year begins with a list of goals—things we want to accomplish that improve our lives and the lives of others. One important task to add to this list: updating or creating your estate plan.

Why It’s Important

An estate plan allows you to plan for the future. You can create the legacy you want to leave, ensuring your family is protected well into the future. Without these documents, the laws of your state will determine how your assets are divided after your lifetime. This may leave out people and organizations that are important to you.

How to Get Started

There are many ways to start planning for the future. The first step is finding the team you need to be successful. A financial advisor and estate planning attorney can help you create a plan that meets your needs and goals.

Time for an Update?

If you have already created your estate plan, take time this year to make sure it is current, especially if you have experienced life events such as:

  • A change in marital status for you or someone in your family
  • A new child
  • The loss of a loved one
  • A move to a new state
  • The desire to make an impact at organizations like Ballet Arizona in the future

The Following are some Examples of Legacy Gifts:

  • Gifts by Bequest
  • Charitable Gift Annuity
  • Charitable Remainder Trust
  • Gifts of Life Insurance

How to Connect SAS to Your Estate:

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.

Download Legacy Gift Agreement Form here.

For more information on planned giving opportunities, please email Trudy Hays or call her (480) 990-1422 extension 202. 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.