Legacy Society Membership
Membership in the Center for the Performing Arts Legacy Society enables you and your family to create a lasting legacy that will provide transformative educational opportunities and continue the Center’s reputation for artistic excellence in perpetuity. If you have already named the Center in your estate plan, please let us know.
Membership begins when you
- make an estate plan gift OR
- provide a written gift intention of an estate plan gift OR
- make a gift (single or multi-year) of $10,000 or more directly to the endowment during your lifetime.
Members at $10,000+ will receive donor listing recognition for five years (unless anonymity is requested).
Gifts of $250,000+ can establish a named endowment fund. The named fund can support the Center’s overall programs and activities or endow a particular program: artistic, educational or operating expenses.
Explore your giving options
- Life insurance change of beneficiary
You can name the Center for the Performing Arts as the beneficiary of all or part of the proceeds from a life insurance policy while still retaining ownership. Your estate will be entitled to an offsetting charitable estate tax deduction.
- Life insurance change of beneficiary and ownership
If you change the beneficiary and transfer ownership of the policy to the Center for the Performing Arts, you will receive an immediate income tax deduction and reduce your inheritance tax.
You can designate the Center for the Performing Arts as the beneficiary of all or part of your retirement plan assets. It’s a simple step that does not require you to change your will.
Designating the Center for the Performing Arts as a beneficiary of your retirement IRA avoids income tax and estate tax on those retirement plan assets because the Center for the Performing Arts is tax-exempt.
- Percentage bequest
Leave a percentage of your estate or a percentage of your residuary estate in your will.
- Make a general bequest by leaving a specified dollar amount to the Center in your will.
- Make a specific bequest by designating a specific asset that you want the Center to receive. For example, a bequest of 1,000 shares of GE stock is a specific bequest.
- Use a residuary bequest to give the Center all or a portion of your estate after all other obligations have been paid.
- Sample will language: I give and bequeath to the Center for the Performing Arts, a not-for-profit corporation [Tax ID 20-3901164] with principal offices located at 1 Carter Green, Carmel, IN 46032, the sum of $_____ (or ___% of any residuary estate) to be used for general charitable purposes.
Create Your Legacy
The Center for the Performing Arts will work with you and your financial advisor to help you choose the type of gift to best accomplish your goals.
If you have already named the Center in your will or estate plans, thank you! Please let us know so we may include you as a member of the Legacy Society.