Planned Giving
Create Your Legacy at SPAC
Many fond memories are made at SPAC and cherished for a lifetime. What better way to honor them than with a planned gift?
The decision to designate a gift is one of the most meaningful commitments you can make and helps ensure the future of SPAC.
We’re here to assist you and ensure your legacy gift provides the impact you seek, whether it’s helping with general operations, preserving a classical or contemporary program, supporting facility needs, education, or helping to secure SPAC’s future with a gift to SPAC’s endowment.
Creating a bequest, donating from your IRA, naming SPAC as a life insurance beneficiary, or giving appreciated stock or personal assets are easy ways to make a planned gift and may offer better tax savings than an outright gift of cash. Please talk with your financial advisor or an attorney to decide what’s best for you financially.
Evergreen Society
When you make a planned gift, you become a member of SPAC’s Evergreen Society, a group of esteemed supporters, who are acknowledged in all SPAC program materials and invited to an annual Evergreen Society event.
Bequests
The simplest way to make a gift is to designate SPAC as a beneficiary in your Will. A fixed amount of money, marketable securities or designated real estate may be gifted. You may also state your bequest as a percentage of your estate. A qualified attorney should draft your Will and the language of the charitable bequest.
Click here for sample bequest language to share with your attorney.
Qualified IRA Charitable Distribution
Did you know you can donate all, or a portion, of your Required Minimum IRA Distribution to a qualified 501c3 nonprofit like SPAC? Doing so reduces your taxable income.
Contact your IRA administrator to help take advantage of a Qualified IRA charitable distribution.
Life Insurance Policies
By naming SPAC as the owner and beneficiary of an existing or paid-up life insurance policy you may be able receive an immediate income tax deduction.
You may also designate SPAC as a full or partial beneficiary of life insurance provided by your employer, if you feel you do not need this additional coverage. This will not give you an immediate tax deduction but will remove the proceeds of the policy from your taxable estate.
Gifts of Stock
Gifts of stock can be directed towards your SPAC membership, an underwriting contribution, or as a planned legacy gift. Please include your name when making a stock transfer so we may acknowledge your gift accordingly.
For stock transfer assistance outside of normal business hours, please contact SPAC’s financial agent, Adam McNeil of True Living Financial, at 518.364.7899 or adam@truelivingfinancial.com.
Questions?
Christine Dixon, Sr. Director Individual & Planned Giving
518.584.9330 ext. 112