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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. |
