Ways To Give Creatively
We at Burlington City Arts are grateful that our friends and BCA family give to us in multiple ways – volunteers give of their time, donors and members give of their resources, community members give us their energy, service organizations and other non-profits give as collaborators and partners.
There are a number of ways that you can give to make a lasting impact at BCA. Depending on how you choose to give, there may be tax advantages to your donation. Please consult with your attorney or financial advisor for details regarding your personal situation.
Give a gift of artwork
BCA gratefully receives artwork. Please speak with our Development staff to discuss such a gift.
Give a gift of appreciated stock
A donation of appreciated securities that you have held for one year or more may give you tax advantages. In addition to your charitable deduction, capital gains taxes from selling the securities no longer apply.
Make BCA a beneficiary of an IRA, life insurance policy, or savings account
This can be as simple as requesting a new beneficiary form and naming Burlington City Arts as full or partial beneficiary.
Give a bequest
A bequest is a simple way to leave a legacy that will ensure BCA’s future. When planning a bequest, you may wish to dedicate it to a certain program, or, depending on the size of your gift, you may want to create a special fund that generates income in perpetuity for BCA according to your wishes.
It is important to consult with your attorney when writing a will and including BCA in your plans. Sample bequest language is available here. For further information, please call Lucia Campriello at (802) 865-7158 or email firstname.lastname@example.org.
Create a charitable gift annuity
A Charitable Gift Annuity is a contract you make with BCA. You give BCA a gift and you receive an income stream for life.
Some advantages to a Charitable Gift Annuity are:
•Your initial gift is partially income tax–deductible.
•Your charitable gift annuity payments are partially income tax–free throughout your estimated life expectancy.
•Your payments are not affected by ups and downs in the economy.
•The gift annuity can be for one or two people, so your spouse or another loved one can also receive payments for life.
•If you use appreciated stock to make a gift, you may eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy.
Give a gift of real estate
You can donate BCA a remainder interest in your home, receive sizable tax benefits now and continue living in your home for the rest of your life.
Create a charitable remainder trust
With a charitable remainder trust, you or other named individuals can receive income each year for life or a period not exceeding 20 years from assets you give to the trust you create. Payments can be either variable or a fixed amount. After the life of the named individuals or the set period of years, the balance in the trust goes to BCA.
Create a charitable lead trust
You give assets to a trust that pays Burlington City Arts Foundation an income for a number of years, which you choose. The longer the length of time, the better the gift tax savings for you. When the term is up, the remaining trust assets go to you, your family or BCA. This is an excellent way to transfer property to family members down the line (typically children and grandchildren) at a minimal cost.
Gifts that are made as part of an estate plan or qualified trust entitle you to benefits as a member of BCA’s Permanent Collectors, a valued group of donors who help preserve the future of this great organization by committing to a legacy gift for tomorrow today. This group is invited to special events at BCA, is recognized (if so desired) in BCA donor materials, and helps encourage others to give creatively to BCA. Please contact Lucia Campriello at (802) 865-7158 or email email@example.com for more information.