PLANNED GIVING

Strategies for effective giving

Every year more than 2,000 donors support the arts in our community with a contribution to the United Arts Council’s annual campaign, the United Arts Fund. Last year gifts totaling more than $1.2 million were received to support community arts advocacy and the operations of 15 local arts organizations.

Additionally, more than 60 artists and arts organizations received project grant support from programs funded by private and public partnerships administered by the United Arts Council (UAC). Your support goes far in helping us champion the arts for everyone in our community. Thank you!

Most contributions we receive come as an outright cash gift by personal check. While certainly this is a convenient and effective method of giving, there are several other easy ways to give on an annual basis or a deferred, longer-term basis.

Stocks or mutual funds
By gifting stocks or mutual funds directly to the UAC, you pay no capital gains tax on appreciated securities and you take a charitable deduction for the market value of the shares. Or you can take a capital loss yourself by selling your securities that are worth less now than when you purchased them. Take a capital loss on your tax return and then contribute the proceeds to charity.

Life insurance or retirement plans
You may choose to name the UAC as the beneficiary of a life insurance policy on most types of retirement plans. Typically all it takes is a phone call to your life insurance company or retirement plan administrator to request a change of beneficiary form.

Charitable gift annuity
This plan makes fixed annual payments of principal and interest for life to whomever the giver names (self and/or another). The gift to the charitable institution at death is what makes charitable gift annuities different from commercial annuities.

Bequests
Have you included the United Arts Council of Greensboro in your will? Updating your will or including a codicil is not a difficult process, and you can add provisions for charitable gifts while you make any other necessary changes. Furthering the arts while realizing the joys of giving at substantial tax savings.

Please contact us for additional information: Jeanie Duncan, (336) 373-7523, ext. 250, or jduncan@uacarts.org .