Through our partnership with Bartlesville Community Foundation and Bartlesville Regional United Way (read more) and as a service for our donors and friends, Theater Bartlesville provides complimentary, confidential, charitable tax and charitable financial planning services.
Planned gifts are a variety of charitable giving methods that allow you to express your personal values by merging your family, financial, and charitable goals. Planned gifts can be made with cash, but many are made by donating assets such as stocks, real estate, art pieces, or business interests—there are multiple possibilities.
Planned gifts can provide valuable tax benefits and/or lifetime income for you, your spouse or other loved ones. The most frequently-made planned gifts are bequests to charities, made through your will. Other popular planned gifts include charitable trusts and charitable gift annuities.
Making a planned gift usually requires the assistance of the charity’s development professional and/or a knowledgeable advisor such as an attorney, financial planner, or CPA to help structure the gift. Theater Bartlesville, through our partnership with the local community foundation and United Way, is able to offer the services of a professional estate planning specialist at no cost to you. We provide advice and complete in-depth information for your charitable tax and financial planning needs, and work directly with your attorney, accountant, or estate planner if necessary.
Please click on the links below to find out more information on our organization and the types of gifts that are possible as a result of the planning process:
A misconception is that giving through your estate is only for the "wealthy." The truth is, even people of modest means can make a difference through planning.
Gifts can also be made to Theater Bartlesville when a donor designates Theater Bartlesville as the beneficiary on their life insurance, IRA, or Pension Plan.
Below is language that can be used when making a bequest to Theater Bartlesville:
"I give devise and bequest to Theater Bartlesville, (state: " % of my estate", "the sum of _____" or "the residue of my estate") under this will after the deduction of all debts, funeral expenses, and administration expenses, but before the deduction of any death, inheritance or estate taxes, it being my intention to exonerate this bequest from contributing to the payment of any such taxes."
Today’s women represent a powerful financial force. Today’s women are accumulating, managing, and distributing more wealth than ever before. For this reason it is important that every woman take control of her long-range financial and estate plans in order to ensure security for herself and her loved ones.
Modern women live longer than men, participate in the workforce in greater numbers, and control more than half of the wealth in America.
Because of these reasons, a will, trust or other estate planning document can be critical to making sure their wishes are carried out for the final distribution of their assets.
Stock that increased in value is one of the most popular assets used for charitable giving. Once the stock has been held for more than one year, it can be gifted.
Funds in an employee retirement plan, IRA or tax-sheltered annuity contain income that has yet to be taxed. Your beneficiaries will owe the income tax at your death, sometimes as much as 35%. This may be a reason to provide your loved ones less heavily taxed assets and leaving your retirement plan to charity instead.
Your property provides a unique giving opportunity. Many types of real estate can be donated to charity while enjoying tax benefits and potentially setting up a lifetime of income.
A gift of closely held stock can provide a way to make a sizable contribution while providing a valuable tax benefit.
The need for life insurance changes over time, providing an opportunity for its use a charitable gift. If you no longer need the coverage to protect your loved ones, consider changing the policy’s beneficiary to support the work of charity.
For more information about how to start the planning process, or if you have questions, please contact Ken Wright at eat0@eau0eav0eaw0 or 918-336-1900.
This information is not intended as legal, tax or accounting advice. For tax advice, please consult your financial professional.
In preparing for your planning appointment, please bring the following information with you to your meeting:
Please bring in anything else that you think is important for the meeting, such as: divorce decree, copies of investment or retirement account statements, life insurance policies, etc…
The process of estate planning, beginning with the planning appointment includes the following sequence –
**IN REGARD TO ANY GIFTS THAT ARE MADE TO THEATER BARTLESVILLE FOR THE BCF PLANNED GIVING CHALLENGE GRANT, THE LANGUAGE IN THE ESTATE PLANNING DOCUMENTS MUST INCLUDE THE FOLLOWING:
Bartlesville Community Foundation (73-1575838) for the benefit of THEATER BARTLESVILLE’S Endowment Fund, Bartlesville, Oklahoma.
To schedule your appointment or to find out more about this process and service, please call 918-491-0079.