MORE WAYS TO GIVE
Planned Giving: Legacy, Honorary, and Memorial Gifts
Leave a legacy for your community. Everyone makes a plan: include WBCA in yours, no matter the size of the gift.
Here are ideas for being creative and strategic while investing in the arts:
Legacy Endowment Fund
How do you want to be remembered? Consider contributing to the Legacy Endowment Fund, creating capacity to grow the impact of the art center in perpetuity. This recently established fund has unlimited potential to create access to the arts for future generations. Endowment gifts of $100,000 or more can be designated to benefit a specific program. Please check with White Bear Center for the Arts before restricting your gift.
Donor-Advised Funds (DAFs)
If you have an appreciated asset such as real estate, business interests, stocks, or artwork, consider the advantages of establishing a Donor-Advised Fund (DAF). Why not maximize the charitable potential of your assets, and transform a big tax bill into a charitable checkbook along with a tax deduction you can carry forward up to five years?
Our partners at the Saint Paul & Minnesota Foundation are among the nation's experts in identifying and leveraging your assets to maximize your charitable potential. They can also help you create a lifelong source of income as part of your gift plans. You can also find more information about DAFs locally though the Greater White Bear Lake Community Foundation and the Minneapolis Foundation.
Gifts of Stock
If you would like to make a stock donation, please call 651.407.0597 and we will provide all necessary information so you can donate to our account. Note: After you make a stock gift, please let us know and provide the date, type of stock, and number of shares, so we can properly credit you. Our broker does not always have the donor name to go with the donation.
IRA Designations and your RMD
For those 70 and a half years old and up, you may designate WBCA to receive all or part of your IRA's Required Minimum Distribution (RMD) as a Qualified Charitable Distribution (QCD), up to $100,000 annually. This strategy avoids increasing your taxable income (AGI) and may benefit you in other ways. Ask assistance from your financial adviser. More reading from Fidelity and Market Watch.
Including WBCA as a Beneficiary
If you are considering leaving a planned gift to White Bear Center for the Arts, please refer your legal and financial planning advisors to the following information:
Legal name: White Bear Center for the Arts
Tax identification number: 41-1290707
Sample bequest language for an unrestricted gift:
I give _____[the sum, percentage, or description of property] to White Bear Center for the Arts, White Bear Lake, Minnesota, to be used for its general tax-exempt purposes, but without other restriction as to use.
Sample bequest language for a restricted gift:
I give __[the sum, percentage, or description of property] to White Bear Center for the Arts, White Bear Lake, Minnesota, to be [used to support ____] [ to be added to the _______endowment fund].
We encourage you to notify White Bear Center for the Arts if you have included us in your estate plan by filling out a Declaration of Intent (available for download here). All information will remain confidential.
For additional information, please contact:
- Suzi Hudson, Executive Director, 651-407-0597 or firstname.lastname@example.org
- Sara Nephew, Managing Director, 651-407-0597 or email@example.com
- Alex Legeros, Development Director, 651-407-0597 or firstname.lastname@example.org
Kowalski's and Amazon Give Back!
Whether you're shopping locally or online, your purchases can help support WBCA. Be sure to use Amazon Smile when ordering from Amazon. Leave your receipt in the box marked White Bear Center for the Arts when you shop at the White Bear Lake Kowalski's! Kowalski's has generously supported WBCA for years.
Thrivent members: did you know you can designate $500 each year towards charities of your choice? The Thrivent Choice program offers a way for eligible members to recommend where Thrivent Financial distributes some of its charitable grant funds. Eligible benefit members are designated Choice Dollars®, recommending funding for their choice of enrolled nonprofit organizations, including White Bear Center for the Arts. If you are eligible to participate in Choice Dollars, or are uncertain about your eligibility, visit Thrivent.com/thriventchoice, or contact your local Thrivent Financial representative.