Gift Planning
Gifts to the Cultural Council of Palm Beach County are beneficial to the arts and cultural community of Palm Beach County and a sound investment for the donor.
Whether your goal is to leave your legacy, supplement your income, lower your taxes, create a lasting remembrance of the values you embrace, make yourself happy or a combination of these, gift and estate-planning professionals at the Council are here to help. Through careful gift planning, you may be able to realize the benefits of tax savings as well as supplemental income.
Bequests are gifts made upon a donor’s death, most often through a will. Your bequest can be given as:
• A specific sum of money
• A percentage of your estate
• A gift of particular assets, such as shares of stock in a corporation
• Or a gift of the remainder of your estate after distribution to loved ones
They can also be carried out through other vehicles that become effective at the time of your death:
• A trust
• Life insurance policy
• An IRA or a deferred compensation or 401 (k) plan
The manner in which the Council is to use your gift can be as specific or as broad as you wish.
It is easy to include the Cultural Council in your estate plan by adding a simple codicil to an existing will or by including language in a will you are currently having drafted. Or, in some cases, you can fill out a simple beneficiary designation form.
If you have included the Cultural Council in your estate plans, we hope you will inform us. We want to be able to recognize you for your generous intent and also make sure the gift will be appropriately stewarded.
To start a conversation about making a planned gift to the Cultural Council of Palm Beach County, please contact the Development office at 561.471.2901, or mlewis@palmbeachculture.com.
To make a gift online, please click here to use our secure donation form.