CONSIDER A LEGACY GIFT
Name Ballet Spartanburg in your will or living trust allows you to provide for the future of Ballet Spartanburg while maintaining control of your current assets. You can choose a dollar amount or percentage of your estate, or include Ballet Spartanburg as a contingent beneficiary.
CHARITABLE IRA ROLLOVER
The IRA Charitable Rollover provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income.
The IRA current gifts rollover is very simple. The transfer is directly from the IRA to Ballet Spartanburg, a qualified not for profit charity. The IRA rollover is not taxable on the donor’s tax return and there is therefore no need for a tax deduction. It is a nice, simple and effective way of making a charitable gift. It also helps to satisfy your required minimum distribution.
There are many ways to include Ballet Spartanburg in your estate planning. We can help with your personal philanthropic goals. To discuss Planned Giving, contact Laurel Greene, Accountant for Ballet Spartanburg @LGreene@balletspartanburg.org.
If your firm or company offers a matching gift program, you are credited with the entire contribution. Many companies even match gifts made by board members or retirees.