Create a Legacy with a Planned Gift
Creating a legacy at the Brevard Music Center is about investing in future generations of student musicians. It’s about being part of something that is bigger than ourselves, ensuring that ambitious and gifted young people can access educational opportunities for many years to come.
Properly planned charitable gifts do more than help BMC. They can supplement your income, help avoid capital gains, and reduce estate and income taxes; all the while providing the personal satisfaction that comes from knowing you have made a difference in the lives of ambitious young people.
As you explore your long-term charitable and financial goals, members of the Development office are available to discuss a variety of planned giving options that might be beneficial for both you and the Music Center.
Most popular types of planned gifts include:
- Bequests
- Charitable Remainder Trusts
- Life Estates
- Charitable Gift Annuities
- Life Insurance
In addition to providing significant support for BMC, some planned gifts:
- Provide a stream of guaranteed income for life for you
- Reduce or eliminate your gift and estate taxes
- Generate an immediate income tax deduction
- Reduce or eliminate your capital gains taxes
Planned gifts frequently allow donors to make larger charitable donations than they ever thought possible, and they often provide financial and tax rewards. BMC can work with you and your financial advisors to create a planned gift that best fits your personal and charitable giving goals.
Already included the Brevard Music Center in your estate plans? Fill out our response form and mail it to us at: PO Box 312, Brevard, NC 28712
Wills and Bequests
The most common form of deferred gift to the Music Center is a bequest. BMC will be happy to provide sample language and more information.
Retained Life Estate
You can generate a current income tax deduction by giving your home or farm to BMC, while retaining the right to use the property during your lifetime. The property will also be removed from your taxable estate.
Life income gifts, such as charitable gift annuities or charitable remainder trusts, can make a tremendous impact on the Music Center while providing you and/or your loved ones with a stream of income for the duration of your lives or for a specific number of years.
Gifts of Retirement Plans
Naming BMC as a primary or contingent beneficiary of a private pension fund can result in a “tax-wise” legacy gift.
If you would like more information about planning giving, or would like to notify BMC of an existing planned gift, please email us at development@brevardmusic.org or call 828-862-2139.