Planned Giving is a deliberate and effective way for individuals to support charitable organizations and causes they care about they care about before they pass away. It involves making future contributions, often extending beyond their lifetime, including various methods such as bequests in wills, charitable trusts, and life insurance policies. This approach allows donors to leave a lasting legacy while also providing them with tax benefits and ensuring ongoing support for the causes they want to support.
Creative and Tax-Saving Measures to Support Blue Lake Fine Arts Camp:
Jack Cooke’s involvement with Blue Lake began in 1967 when his band students helped to prepare the grounds for the summer camp season. He served Blue Lake for many years on the trumpet faculty and continues to be a passionate advocate. According to Jack, “Establishing a Charitable Gift Annuity allows me to invest in the future of our culture through Blue Lake in a meaningful way and receive a competitive annuity rate. I encourage others to do the same!”
A Charitable Gift Annuity through Blue Lake is fixed for life. Your lifetime payment amount is unaffected by economic downturns- it’s a payment you can depend on. Establish a Charitable Gift Annuity for yourself or anyone you choose with a donation of $10,000 or more to Blue Lake Fine Arts Camp. You may select either a one-life or a joint survivor annuity. You may also choose to defer payments for a higher annuity rate. Your gift can be restricted to support a specific program at Blue Lake, scholarships, or general operating support.
A portion of your charitable donation is eligible for an immediate income tax charitable deduction, and a part of the annuity payments may be tax-free. Plus, you can reduce and defer capital gains tax by donating appreciated securities.
By making your will or trust including a gift of any size, you help ensure the future of quality arts education continues to thrive at Blue Lake for generations to come!
Blue Lake is a proud partner with FreeWill—an easy, secure way to create or update your will or trust online, completely free. In just 20 minutes, you can document your wishes, and if you choose, include a lasting gift to Blue Lake. Visit freewill.com/bluelake to get started today.
If you’ve already included a gift to Blue Lake in your will, please visit freewill.com/record/bluelake so we can thank you! For questions or further information, see contact information below for Andy Lofgren, Vice President of Finance & Development.
A gift of stock may provide more benefits than a cash gift. When you gift stock to Blue Lake Fine Arts Camp, by eliminating the capital gains tax that would be due upon selling the stock, you receive tangible tax savings and benefits while also supporting the humanitarian mission. A gift of stock may be right for you!
Qualified Charitable Donations (QCDs), also known as IRA Charitable Rollovers, are the savviest way for individuals ages 70 1/2 and older to use their IRAs to maximize their charitable impact.
For more information, please get in touch with Andy Lofgren, Vice President of Finance & Development, at alofgren@bluelake.org. He would be pleased to provide you, your attorney, accountant, or tax advisor with additional information and assistance.
Keep in mind that this information is general by nature. You should contact your professional tax advisor to learn how it relates to your circumstances. You can find information by visiting www.bluelake.org/give.
Thank you for considering Planned Giving as a way to support
Blue Lake Fine Arts Camp.
