WICA - Whidbey Island Center for the Arts Support WICA  

WICA Growing Great Theatre


INCLUDE WICA IN YOUR WILL

__________________________________________

WHAT IS A CHARITABLE BEQUEST?

Charitable bequests are gifts made through
your will or living trust to charity.
A bequest can be a wonderful opportunity
to support the work of WICA.
It is a living legacy of your passion, love,
and support for the future of high quality
programming at WICA.

If you have any questions
or would like to discuss bequests further,
please contact
Stacie Burgua, Executive Director
at 360/221.8262
or wica@whidbey.com

__________________________________________

WHY CONSIDER MAKING
A BEQUEST TO WICA?

Bequests make a real difference
for the future of WICA
and for the next generation
of performing arts patrons.

Bequests allow you to distribute
your assets to WICA in the manner
most appropriate to your circumstances.
You can specify a dollar amount, a percentage
of the estate or the residual part of the estate,
as well as make the gift contingent on
specific future events.

Bequests do not reduce current assets.

Many WICA patrons want to make
a greater effort to support the arts,
but are not in a position to do so right now.
A gift by will or living trust means that you
have all of your assets available for any needs
that might arise. A bequest means that
you make the gift when you no longer need
to have the funds available.

Bequests can be made
after taking care of family.

Family always comes first.

You can remember WICA by including
a percentage of the remainder of
your estate or trust after providing
for your family.
Only if there is enough for family
and others important to you
will the gift to WICA occur.

Bequests may reduce estate taxes.

Giving a charitable bequest can decrease
the size of your estate and possibly reduce
your estate taxes. Certain kinds of gifts,
such as US savings bonds, retirement funds,
annuities and some mortgages can generate
significant income taxes and even estate taxes
if given to living individuals in your estate plans
but will be fully tax free if given to WICA.
(Please consult your tax professional
or estate planner for details.)

Bequests can be easily modified
at any time until death.

If your circumstances change,
you can easily modify your will at any time.
Changes can be made inexpensively
by drafting a new will or living trust
or by amending your existing document.

__________________________________________











__________________________________________

TYPES OF BEQUESTS
Making a decision to include
Whidbey Island Center for the Arts
In your estate plans is a personal choice.

There are a number of bequest options
that you can include in your will or living trust
to help you instruct your family and friends
on what to do with the assets
that you have accumulated in this life.

Retirement Fund Gift.
Consider naming WICA as a beneficiary
of your IRA, 401k, 403b, company retirement
or profit sharing plan.
If you are making any charitable bequest,
it is better to make such gifts first from
retirement plans to the extent practical.

Insurance.
Consider naming WICA as a beneficiary
of your life insurance policy.
__________________________________________

Below are a few examples.

Residuary Bequest.
Give a ____% or all of the "rest,
residuary and remainder" of your estate
to WICA after taking care of
all other gifts, taxes and other specific gifts.

Outright Bequests.
Give a specific amount, asset
or estate percentage to WICA.

Contingent Bequest.
Plan just in case.
For example:
"Should I outlive my spouse or partner,
$____ or ____% of my residual estate
goes to WICA."

Living Trusts.
Include a gift to WICA in your living trust.

__________________________________________

Whidbey Island Center for the Arts
is a 501(c)(3) non-profit organization.

Donations to WICA may be tax deductible;
Please consult your tax advisor.

Whidbey Island Center for the Arts’
Tax Identification Number is 91-1647663.

__________________________________________
site developed by CKWebsites