“A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a Will or trust, planned gifts are most often granted once the donor has passed away.” – Planned Gifts: The Introductory Guide
An excellent way to support the Port Aransas Art Center well into the future is to leave a bequest in your Will, living trust or with a codicil. A significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your lifetime. Another benefit is that you are able to leave a legacy for your family and the charity (or charities) of your choice.
Did you know, approximately 55 percent of American adults do not have a Will or other estate plan in place, according to LexisNexis. This number has stayed relatively steady during the 2000s, even as the number of other estate planning documents Americans have, like medical directives, has increased! And, if you do not create a Will, everything you own will be shared in a standard way defined by the law, which may not be the way you prefer. A Will can also reduce the amount of Inheritance Tax that may be payable on the value of the property and money you leave behind.
“One of the best parts of a Will is philanthropy. Your philanthropic gift(s) can have a huge impact on the world. Support a cause or three and help them grow.” – Giving Docs
Port Aransas Art Center is pleased to partner with Giving Docs, a modern, forward-thinking planned giving company. When you register online with this secure, cost-effective service, you will be able to register your Last Will and Testament, Advanced Health Care Directive (Living Will and Medical Power of Attorney), Transfer on Death Deed, and Power of Attorney. Legally valid in the United States, Giving Docs gives you the tools to personalize your unique wishes. Pay once, it’s yours for life. And you can update your estate plan at any time going forward.
But please know, your bequest to the Port Aransas Art Center is welcome from any source. We suggest that if you have a trusted professional advisor, you should speak with them about making a Will. They can also help you include a bequest to the Port Aransas Art Center in your estate plan.
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose, so you have peace of mind knowing your gift will be used as intended. The Port Aransas Art Center suggests leaving a general bequest so that the funds may be used where the need is greatest.
Thank you for considering the Port Aransas Art Center in your Will and estate plan. It means more than you know!