Planned Giving: Creating a Legacy
Legacy gifts to the Western Folklife Center are vital to the future of our mission and programs. These opportunities provide an avenue for forward-thinking donors to make a meaningful gift that extends philanthropic influence beyond the donor's lifetime.
Several options for planned giving make it possible for you to carry out your financial and estate planning goals and at the same time benefit the Western Folklife Center. A planned gift can provide you with lifetime income; convert low-yielding assets into a higher income stream at reduced capital gains; offer you significant income tax deductions; and reduce or eliminate estate taxes.
Your gift may be designated for a specific purpose or program, or it may be unrestricted. An unrestricted gift is usually the most useful to us, as it allows the Western Folklife Center to use the funds for the greatest good at the time delivered. Deferred gifts may also be designated by the donor to build the Western Folklife Center's Endowment Fund.
Wills and Bequests - The simple act of including us in your will or living trust speaks volumes about how much you care about the future of the Western Folklife Center.
Life Insurance/Retirement Plan Assets - You may name the Western Folklife Center as a beneficiary of your retirement or life insurance plan. With this strategy, a young person and/or someone of relatively modest means can make a big difference with a future gift.
Trusts and Annuities - There are several types of these, including charitable lead trusts, charitable remainder trusts, charitable gift annuities, and retained life estates.
The Western Folklife Center is a non-profit 501c(3) organization based in Elko, Nevada. Please consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation. No goods or services will be provided in exchange for your contribution.