Shape the Future of the Arts in Scottsdale
The Legacy Society honors individuals who make a lasting commitment to Scottsdale Arts by including us in their estate plans. Just as our organization was founded by visionary residents who believed in the power of the arts to enrich community life, today's Legacy Society members help ensure that creativity, education, and cultural connection continue for generations to come.
Planned gifts support the Scottsdale Arts Endowment Fund, a vital source of long-term sustainability and artistic growth. Your generosity helps secure bold programming, multidisciplinary experiences, and year-round access to the arts for our community.
Just as you may be supporting Scottsdale Arts during your lifetime, you may also want to support the arts in the future by making a gift upon your death. Including Scottsdale Arts in your estate plan costs nothing now, yet it will give you a great deal of satisfaction to know that your future gift will benefit Scottsdale Arts for years to come. You can choose to support an individual branch, specific program, or Scottsdale Arts as a whole.
A bequest is a transfer of cash, securities, or other property through a will or a living trust. A bequest to Scottsdale Arts can be made of a specific dollar amount, of a specific asset, of a percentage of your estate, or even of all or a portion of what is left after you have made specific bequests to your family and others.
The best way to make a gift of retirement plan assets is to name Scottsdale Arts a primary or secondary beneficiary on your plan’s beneficiary designation form. This can be an extremely tax-efficient method of making a gift because retirement plan assets may be subject to both income tax and estate tax before an individual beneficiary can receive them after your death. The combined taxes may significantly reduce the amount to the individual beneficiary. Retirement plan assets which are distributed to Scottsdale Arts are not subject to income tax or estate tax, so Scottsdale Arts can use 100 percent of the gift.
You can make Scottsdale Arts the beneficiary of a life insurance policy. You may also, under certain circumstances, make Scottsdale Arts the owner of a life insurance policy on your life and receive an income tax charitable deduction for a portion of the face value of that policy.