Endowment & Planned Giving
A Gift in Your Will: Getting Started
We hope you'll consider including a gift to the Kravis Center for the Performing Arts in your will or living trust. Called a charitable bequest, this type of gift offers these main benefits:
- Simplicity. Just a few sentences in your will or trust are all that is needed. The official bequest language for the Kravis Center for the Performing Arts is: "I, [name], of [city, state, ZIP], give, devise and bequeath to the Raymond F. Kravis Center for the Performing Arts, Inc. (Federal Tax ID# 59-2245054) [written amount or percentage of the estate or description of property] for its use and purpose."
- Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
- Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.
Your circumstances may change and you can change your gift at any time.
How It Works
To make a charitable bequest, you need a current will or revocable living trust.
Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, the Kravis Center for the Performing Arts receives your gift.
Putting Your Family First
Create a will or trust leaving part of your estate to family and part to the Kravis Center for the Performing Arts.
Kravis Center for the Performing Arts
When planning a future gift, it's sometimes difficult to determine what size donation will make sense. Emergencies happen, and you need to make sure your family is financially taken care of first. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate's value fluctuates over the years.
We Can Help
Contact Margaret May Damen, CFP®, CLU®, ChFC®, CAP® at 561-651-4230 or firstname.lastname@example.org with any questions about naming the Kravis Center for the Performing Arts in your will or living trust. We're happy to help, without obligation.
Copyright © The Stelter Company, All rights reserved.
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.