Art has a unique power to bring us together for generations to come.
Learn how leaving a legacy supports your passion for the arts while continuing to meet your current financial needs.
Let's Discuss Your OptionsCharitable gift planning affords you opportunities to have an outsized impact on the causes that matter most to you with the possibility of reducing or eliminating current and future tax liabilities, creating income for you or your loved ones, and preserving wealth for future generations of your family.
Recent and pending changes to the tax code (Tax Cut and Jobs Act, CARES Act, CAA, and BBB) contain provisions incentivizing you to plan how, what, and when you give to charity. If you have recently experienced or are anticipating changes in your personal life or business, we encourage you to partner with us to ensure you're taking full advantage of these incentives.
Sarasota Performing Arts Foundation's Department of Leadership Gifts is a ready resource for you and your advisors. We welcome you to have a confidential, no-obligation conversation to align your personal financial situation with your philanthropic goals.
The Sarasota Performing Arts Foundation has for over 30 years fostered a connection between the performing arts, our community, the bay and the spirit of human creativity. We provide community outreach and art education initiatives that bring the arts alive for students, families and teachers.
The vision for our future is the Sarasota Performing Arts Center, a world-class performing arts center on the bayfront - a civic gem and community asset for Sarasota and the Gulf Coast.
Many types of planned gifts support this vision, ensuring Sarasota's legacy and yours. Your gift can endow a variety of programs:
With your gift, you become a part of the Bravo Legacy Circle, a growing group of friends and supporters who are making impactful gifts for the future of the Sarasota Performing Arts Foundation.
When you make a gift, you become a part of the Bravo Legacy Circle and an important part of the future of the Sarasota Performing Arts Foundation.
Popular Gift Options Let's TalkThe Bravo Legacy Circle honors those individuals who have included the Sarasota Performing Arts Foundation in their estate plans. By arranging for such deferred gifts, our friends, visionaries and passionate supporters play a vital role in securing the future of arts and culture on the Gulf Coast.
Our gratitude to these visionaries who included the Sarasota Performing Arts Foundation in their estate plans.
Ł Deceased
The most straightforward way to become a member of the Bravo Legacy Circle is to name the Sarasota Performing Arts Foundation as a beneficiary in your will or trust.
Other planned gifts might include life income gifts, such as charitable gift annuities, charitable remainder unitrusts, or gifts of life insurance.
Bravo Legacy Circle members enjoy the tremendous satisfaction of knowing that their support will play an impactful role in the future growth and success of the Sarasota Performing Arts Foundation and the lives we touch through arts and education programs.
Bravo Legacy Circle members are accorded the following benefits:
Your commitment to the Sarasota Performing Arts Foundation in this way encourages others to join in this important effort.
There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.
Through a provision in your written and executed will, you can make a gift in the form of cash, securities, real estate or personal property. There are many types of bequests. Choose the one that best fits your needs and intentions.
Naming the Sarasota Performing Arts Foundation, Inc. as the beneficiary of any of these qualified plan assets such as a 401(k), 403(b), IRA, profit-sharing or pension plan will accomplish a charitable goal while realizing significant tax savings. You can also name the Foundation as beneficiary of your donor-advised funds.
You can turn underperforming assets (US Treasuries, bonds, stocks, cash in a savings account, CDs, etc.) into a gift to the Sarasota Performing Arts Foundation, Inc. that provides income to you. Your Charitable Gift Annuity will give you quarterly, fixed payments for life and tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you'll receive charitable deductions at full, fair market value while eliminating capital gains impact. How you make the gift depends on your asset structure.
If you're 70 ½ or older, you must take a Required Minimum Distribution from your IRA. You can make a gift of up to $100K directly from your IRA to the Sarasota Performing Arts Foundation. While there is no current charitable deduction for a rollover gift, you do avoid the income tax on the donated portion of this distribution.
Gifts of appreciated assets, such as real estate, artwork and other well curated collections, can be made to the Sarasota Performing Arts Foundation. These gifts will create an income tax deduction today and potentially reduce your family's exposure to estate taxes in the future.
You can make a real impact on the organization you love and our mission, just by adding a few words to your will or using one of the many giving options available..
For more information, please submit this form to let us know how we can help you include the Sarasota Performing Arts Foundation in your estate plans; or find our contact info below.
shudsonsmith@sarasotaperformingartsfoundation.org
941-271-4178
If you are working with a professional advisor or advising a donor, here's a handy guide for including the Sarasota Performing Arts Foundation, Inc. in a charitable estate plan.
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