Please consider leaving a legacy for New York Live Arts by making a planned gift.
Planned giving is a valuable opportunity for individuals to tailor special gifts that can benefit New York Live Arts, now and in the future. Planned gifts can provide an individual with important reductions in current estate and income taxes, while maintaining or even increasing income from the donated assets involved.
Depending on your goals for yourself, your family and New York Live Arts, one or more planned giving vehicle can be considered. New York Live Arts urges you to consult with your legal and financial advisors to determine the most advantageous ways for you to give under current applicable tax legislation.
BEQUESTS
Bequests play a critical role in helping New York Live Arts secure the future of its groundbreaking programming for generations to come.
Bequests are gifts by will-whether in the form of cash, securities or other property-and may be fully deducted in determining federal and state taxes on your estate. New York Live Arts urges donors considering a bequest to consult an attorney.
To make it quick and easy for you to begin writing your will, we’ve partnered with our friends at FreeWill, who have developed an intuitive, online will-writing tool that is entirely free and typically takes no more than 25 minutes from start to finish. Get started now!
Unless otherwise specified by a donor, it is our policy to apply bequests toward the Planned Giving Fund (New York Live Arts tax identification number: 13-6206608) – in order to secure New York Live Arts and its programming for the future.
FORMS OF BEQUESTS
The most common types of bequests are:
Residual bequest, which leaves to New York Live Arts all or a portion of the remainder of the estate after specific bequests, taxes, and costs have been paid;
Percentage bequest, which provides that a stated percentage of a particular asset or of the estate be given to New York Live Arts;
Specific bequest, through which New York Live Arts receives particular property outright (for example, certain securities or a specific dollar amount of cash); and
Contingent bequest, whereby New York Live Arts is a beneficiary of part or all of the estate upon the occurrence of certain specified events.
Follow this link for a sample bequest language. It is offered simply as a guideline. Once again, New York Live Arts strongly suggests that you seek expert, professional advice.