Planned Giving
Join The Bel Canto Society
Share in a vision for Toledo Opera’s future
The Bel Canto Society of Toledo Opera
honors individuals who believe that Toledo Opera has a vital
place in our musical and cultural life, and who have expressed
their support through a bequest or other planned gifts. A
planned gift can offer significant tax benefits to you or
to your estate, while at the same time providing critical
support to Toledo Opera. You may designate your planned gift
for Toledo Opera’s general operating expenses, for
special projects, or for long-term endowment support.
Join the Bel Canto Society, and help preserve
and expand for future generations, this rich history of innovation
and commitment to artistic excellence.
Bel Canto Membership Benefits
Invitations to events held exclusively for Bel Canto Society
members
- A membership card entitling you to
intermission hospitality in Toledo Opera’s Founders’ Room
- Mailings and updates on Toledo Opera
activities
- Listing in Toledo Opera publications
- Special advance notice of ticket discounts
PLANNED GIVING OPTIONS
A Will Bequest
The simplest and most common way to make a planned gift to
Toledo Opera is through your will. You may choose to leave
a specific dollar amount; a percentage of your estate;
or specific assets such as stocks or real estate. You can
also make a gift of all or part of your property remaining
after all other bequests have been paid, or a gift that
takes effect only if your beneficiaries do not survive
you. Any charitable bequest to Toledo Opera is removed
from your taxable estate and is not subject to estate taxes.
Charitable Gift Annuities
A Charitable Gift Annuity allows you to contribute cash or
marketable securities to Toledo Opera in exchange for a
promise that you (and one successor beneficiary if you
wish) will receive a specific amount of money each year
for life. You may choose an immediate gift annuity, and
payments will begin within one year from the date of gift;
or a deferred payment gift annuity and payments will commence
at a later date. There are federal, and possibly state
tax benefits to the contributor.
Charitable Lead Trusts
If you have substantial assets which you would like to transfer
to your children, grandchildren or others, a Charitable
Lead Trust is an excellent means of making a gift to Toledo
Opera while reducing gift or estate taxes. Toledo Opera
receives income from the trust for a number of years, and
at the end of the term, your named beneficiary receives
the trust principal. A Charitable Lead Trust may be established
during your lifetime or through your will.
Charitable Remainder Trusts
A Charitable Remainder Trust enables you to make a gift which
provides you, or someone you designate with income for
life or for a period of years. You benefit by receiving
a charitable deduction in the year you make the gift, by
receiving income from the trust for the term of the trust,
and by reducing the size of your taxable estate. You may
select a Charitable Remainder Annuity Trust, which pays
you a fixed dollar amount each year, or a Charitable Remainder
Unitrust, which pays you a percentage of the value of the
trust assets each year. Toledo Opera benefits by receiving
the amount remaining when the trust term ends. A Charitable
Remainder Trust is particularly well suited for gifts of
appreciated securities or real estate because it may avoid
or defer potential capital gains taxes. It can be established
during your lifetime or through your will.
Your Life Insurance Policy
If you or your family no longer needs the protection of your
life insurance coverage, your life insurance policy provides
an easy way to make a gift to Toledo Opera. You can irrevocably
name Toledo Opera as owner of the policy and receive an
income tax charitable deduction. Or, you can designate
Toledo Opera as beneficiary of your policy and receive
an estate tax deduction.
Your Retirement Plan
The assets in your individual Retirement Account (IRA) or
other qualified retirement plan can be the basis of a future
gift to Toledo Opera. If you or your family does not need
all the funds in this retirement account. This gift has
the unusual advantage of avoiding potential future income
taxes as well as estate tax.
Gifts of Real Estate
If you contribute marketable property to Toledo Opera, you
will receive an income tax charitable deduction and avoid
capital gains taxes on the appreciated value. Or, you may
prefer to transfer a residence to Toledo Opera irrevocably,
while retaining the right to live in it for life or for
a term of years.
Planned gifts, if properly structured,
offer important tax savings: income tax; estate tax; gifts
tax; capital gains tax, or in some instances, a combination
of taxes.
A planned giving specialist would be happy
to meet with you to discuss these options with you and your
legal advisor. |
