1738 Club • Planned Gifts
Nurturing the Best in Ballet
|In addition to
Bequests, there are many vehicles available to friends who wish to include a gift to St. Petersburg Ballet Society and its future wide ranging activities. These include Charitable Gift Annuities, Gifts of Retirement Plans (IRAs, Keoghs, etc.), various Charitable Trusts, Gifts of Real Estate, and Life Insurance. A brief explanation of each is provided below.|
| ||Many of these gifts have favorable tax consequences for donors and several of them can provide life income for you or a loved one. Please contact us by mail, telephone, fax or e-mail. All request for information are strictly confidential.|
|• Charitable Gift Annuities|
The most popular life-income vehicle. You sign a simple contract with St. Petersburg Ballet Society for an annuity and receive guaranteed payments for life at a set rate (usually slightly above commercial rates). These rates are determined by age, and can be very attractive, especially in times of low interest rates. You also receive an IRS deduction. [Two-life Charitable Gift Annuities are also available -- for you and your spouse, for example.]
|• IRAs, Keoghs, or other Retirement Plans|
This is another popular vehicle, one that requires no "up-front" cash. You simply name St. Petersburg Ballet Society as the beneficiary of your current retirement plan; this gift is not subject to taxes, which is not the case if you leave retirement savings (accrued tax-free) to children, for example. Naming St. Petersburg Ballet Society as the beneficiary will almost certainly mean fewer taxes when your estate is eventually settled, especially with the new estate tax laws being phased in.
|• Charitable Remainder Trusts|
Attorneys and financial planners usually advise using one of the several types of Charitable Remainder Trusts to make a gift only if the initial funds involved are substantial, usually in six figures. When you establish a CRT naming St. Petersburg Ballet Society, you will receive income for life; upon death, the principal of the Trust (the remainder) comes to St. Petersburg Ballet Society.
|• Charitable Lead Trusts|
A Lead Trust is the opposite of a Remainder Trust. When you establish this type of Trust, the income from the Trust comes to St. Petersburg Ballet Society and the principal eventually reverts you or your heirs. Once again, substantial amounts are usually involved because of the involvement of attorneys, etc in establishing the Trust.
|• Gifts of Real Property|
Donors may give real estate -- in the form of a personal residence or commercial property -- to St. Petersburg Ballet Society, if its value is $250,000 or greater. Typically, the real-estate must be marketable as the Society's policy is to sell these gifts as soon as it is practical. In some cases it may be possible for you to give a residence and reserve the right to live there for your lifetime.
|• Gift of Insurance|
A donor can use life insurance to make a gift to St. Petersburg Ballet Society by giving a paid up policy, or naming St. Petersburg Ballet Society as the beneficiary of the policy. All such gifts must be in compliance with New York State and Federal laws and regulations.
|There are many different plans which donors may utilize to fit their personal circumstances and budgets. Each gift is unique. When considering such planned gifts, you may want to consult with your attorney and/or financial adviser concerning various tax ramifications. Please, write, telephone, fax or e-mail for more information.|
|Please note: By long standing policy, St. Petersburg Ballet Society (unless otherwise directed) places all bequests and other planned gifts in the Society's endowment and uses only the income these gifts produce. In that way each gift will help St. Petersburg Ballet Society wide ranging activities for years years and years.|
If you do make a bequest to St. Petersburg Ballet Society,
you will be eligible to join
The Founders Society --
a group of loyal friends, who have made similar plans by naming
St. Petersburg Ballet Society in their wills,
or as the beneficiary of a trust, insurance policy, IRA, etc.
If you have already included the St. Petersburg Ballet Society in your estate plans
and wish to join the
The Founders Society,
please contact us by mail, telephone, fax or e-mail.
All gifts to
The Founders Society
help provide a firm financial future for St. Petersburg Ballet Society.
Once added to the endowment,
they will provide student scholarships, faculty salaries, studio upkeep,
and a host of other vital needs for decades to come.
All gifts help fulfill St. Petersburg Ballet Society's mission in
Nurturing the Best in Ballet.