Why your planned giving matters as much to you as it does to us.
Current Gift of Appreciated Stock or Real Estate: The smart way to give
Do you own assets that have substantially increased in value over the years? Donated assets such as stocks, bonds, mutual funds or real estate may provide you with an income tax deduction based on the fair market value of the gift and eliminate all capital gains taxes. This would allow you to make a substantially greater gift (typically between 45-70 percent) than you otherwise would have thought possible for the same out of pocket cost.
Bequest: The simple way to leave a substantial gift
A bequest to the Rapid City Arts Council is as simple as adding an amendment to your will stating, I give ($ or %) of my estate to the Rapid City Arts Council, Rapid City, SD, USA. This is the most common planned gift and it may provide you with valuable estate tax savings.
Life Insurance: A large gift with a small cost
One of the simplest ways to make a significant contribution is to give a life insurance policy to the Rapid City Arts Council. You may do this in a number of ways; give a policy you no longer need, take out a new policy or name the Rapid City Arts Council as a beneficiary of an existing policy. This may provide you with income and estate tax savings.
Charitable Trust: Substantial benefits to the donor
Do you own low yielding assets like real estate or securities that have appreciated in value? Is your objective to sell those assets and reinvest in higher income vehicles? A charitable trust might be your answer. The trust may help you to: eliminate capital gains taxes, reduce or eliminate estate taxes, improve your lifetime cash flow, and when coupled with an asset replacement trust, can give your heirs the same amount you gave to the Rapid City Arts Council.
Charitable Gift Annuity: A guaranteed income stream for life
A charitable annuity allows you to contribute assets to the Rapid City Arts Council and receive a charitable deduction. In turn, we will provide you with a guaranteed income stream for life (the payout will be contingent upon personal factors of the donor). This vehicle can ease the worries of outliving your resources and provide a high rate of return coupled with numerous tax advantages.
Please consult your tax, financial or legal adviser concerning any gift arrangements you