Create a Legacy with a Planned Gift
Creating a legacy at the Brevard Music Center is about investing in the future generations of serious musicians. It's about being a part of something that is bigger than ourselves, ensuring that ambitious and gifted young people can access educational opportunities for many years to come.
The Brevard Music Center is deeply grateful for the special donors who have included BMC in their estate plans. The Encore Society is a group of individuals who have made planned gifts to the Music Center and have notified BMC of their intentions.
There are many different types of planned gifts that can provide important estate and tax planning benefits, while assuring the future of BMC. Bequests, various types of charitable gift annuities and trusts, naming BMC a beneficiary of a life estate or life insurance policy, and naming the Music Center as a beneficiary of an IRA or retirement plan are a few examples of the possibilities.
Properly planned charitable gifts do more than help BMC. They can supplement a donor's 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 and gracious 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:
- Charitable Remainder Trusts
- Life Estates
- Charitable Gift Annuities
- Life Insurance
In addition to providing significant benefits for BMC, some planned gifts may:
- Provide a stream of 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.
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. If you would like more information about planning giving, or would like to notify BMC of an existing planned gift, please email us at firstname.lastname@example.org or call 828-862-2121.
Life Income Gifts
Life income gifts, such as a charitable gift annuities or a charitable remainder trusts, can make a tremendous impact on the Music Center 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.
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.
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.