Make your support of the Arts Everlasting
Leave a legacy of support for the Cultural Activities Center—an investment for future generations.
A planned or deferred gift is a meaningful way to leave a legacy of support to an organization that has played an important role in your life. You don’t need to be wealthy to make a planned gift. With thoughtful planning, you have the opportunity to make a significant gift that will benefit the future of the CAC—one of the first multi-discipline arts centers in America—and support both your personal and philanthropic objectives.
Examples of these types of gifts are:
Name the CAC in a will or living trust
Designate the CAC as a beneficiary in a qualified retirement plan [e.g., IRA, 401(k) or 403(b)]
Designate the CAC as a beneficiary in a life insurance or group life insurance policy
Establish a charitable remainder trust or charitable lead trust
Make a qualified charitable distribution (QCD) from your IRA which may be a nontaxable distribution
Make a gift of personal property or real estate to the CAC
A planned gift is an investment in the CAC for the benefit of future generations. You have the option to designate your planned gift for a program that has special significance for you. A planned gift may help you achieve certain personal financial goals, tax planning and management as allowed by the Internal Revenue Code.
Are you considering a Bequest?
The most straightforward way of making a planned gift is through a bequest in your will or trust. This allows you to distribute your property in accordance with your wishes. Because the CAC is recognized as a tax-deductible 501(c)(3) non-profit, any bequest you make will be 100% deductible, thus reducing the size of your taxable estate for federal and state estate tax purposes.
You can make a primary or contingent gift to the CAC using the following simple language:
I hereby give and bequeath to the Cultural Activities Center, a not-for-profit in Temple, Texas (specific amount, percentage of an estate, or specific property) for general purposes.
You can also name the CAC as a beneficiary on your retirement accounts, life insurance, and annuities by using the above simple language. If you have already included the CAC in your estate plan, please notify us so that we may properly recognize your commitment.
For more information on this type of charitable giving and how it might benefit you, your loved ones, and the CAC, please contact Mary Black Pearson, Executive Director of Development and Marketing at 254.773.9926 .