“I’m so thankful to be a part of the growth of the arts in Santa Cruz County.”
– Bonnie Bernardi
Join the Bonnie Bernardi Legacy Circle
Bonnie is a founding board member of the Arts Council. We affectionately call her the “Mother of SPECTRA,” our award-winning arts education program. In 1980, Bonnie was the driving force behind SPECTRA, and she also garnered our first NEA grant, putting Santa Cruz County arts on the map. We are honored to have our Legacy Circle in her name. Please join Bonnie and make the Arts Council a part of your living legacy.
With a planned gift, you can:
- Make a larger charitable gift than you thought possible
- Reduce your income tax and avoid capital gains taxes
- Provide inheritances for your heirs at a lower tax cost
- Diversify your investment portfolio
- Increase income and effective rate of return
- Leave a legacy without giving up assets
Join Arts Council Santa Cruz County’s Legacy Circle through your planned giving contribution. It is as simple as one sentence in your will or living trust. It is versatile, as you can give a specific item, an amount of money, a percentage of your estate, or a gift contingent upon certain events. And it is flexible. Until your will or trust goes into effect, you are free to alter your plans as needed. We’d love to know when you have included us in your plans so we have the opportunity to honor and appreciate you, today.
Contact our Development Director, Tim Davis at 831.475.9600 x19 or firstname.lastname@example.org to let us know of your plans. Even if you choose to remain publicly anonymous, we would like to personally thank you.
Types of Estate Planning Gifts
Your estate-planning attorney can help you structure a gift so that your loved ones will be taken care of first. He or she can then include our sample language in a will or living trust that you establish, or add it to your existing documents through an amendment.
Consider making a gift in the form of:
- A will or living trust with a specific amount of money or a percentage of your total estate. This type of gift allows you the flexibility to change your mind at anytime and your estate will benefit from a federal estate tax charitable deduction for the amount of the gift.
- A payable on death (POD) account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.
- Real Estate. When you give appreciated property you receive a federal income tax charitable deduction equal to the property’s full fair market value, avoid paying capital gains tax and selling the real estate. You can deed the property directly to the Arts Council Santa Cruz County.
- Life Insurance, IRA accounts and Gifts of Stock can also be designated to have Arts Council Santa Cruz County as the beneficiary.
Here is some sample language for you and your estate-planning attorney:
I give to Arts Council Santa Cruz County (EIN 94-2600140), a California not-for-profit corporation located in Santa Cruz, __________________________ [ __ percent of my estate, or of the residue of my estate; the sum of $ _________ dollars; the following described property; the proceeds of the sale of described property; etc.] to be used in such manner as its Board of Directors may direct. [Or, if you have a specific purpose in mind, please contact us at 831.475.9600 to ensure that we can fulfill your wishes.]
Make the vitality of the arts in Santa Cruz County your living legacy!