About Planned Giving

Planned gifts, such as bequests or charitable trusts, can be an advantageous way to provide for a future gift to charity. You can take care of yourself and take care of Gulf Coast Symphony.

What is “planned giving?”

Planned giving involves providing for a future gift to charities through your financial and estate plans. The Gulf Coast Symphony welcomes gifts made through different planned giving arrangements. These arrangements can:

• Provide for you or your loved ones
• Entitle you to charitable income and/or gift or estate tax deductions
• Enable you to leave a legacy for the Gulf Coast Symphony

Types of Planned Gifts

Choosing the right planned gift depends on your personal circumstances and financial goals.

Bequests and Estate Plan Gifts

You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming the Gulf Coast Symphony as a beneficiary of a retirement plan or life insurance policy. The amount left to the Gulf Coast Symphony can be expressed as a dollar amount or as a percentage of the assets to be given.

Life Income Gifts

A life income gift allows you to give assets to the Gulf Coast Symphony while providing yourself or others with income for a period of time before the Gulf Coast Symphony is permitted to use your gift. You may make a life income gift by transferring securities, cash, or other property to the Gulf Coast Symphony or a trustee. The Gulf Coast Symphony or trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiaries’ lives or, in some cases, for a term of up to 20 years.

There are several kinds of life income gifts available:

Charitable Remainder Unitrusts

You establish a trust from which you and/or other beneficiaries receive variable annual payments for life and/or a term of years. At the end of the term, the remainder of the trust assets go to the Gulf Coast Symphony for the purposes you designate.

Charitable Remainder Annuity Trusts

You establish a trust from which you and/or other beneficiaries receive annual payments of a fixed dollar amount for life and/or a term of years, after which the remainder of the trust assets pass to the Gulf Coast Symphony for the purposes you designate.

Charitable Lead Trusts

A charitable lead trust makes an annual payment to the Gulf Coast Symphony for a period of years, and at the end of the term, the remaining assets go to your children or other beneficiary.

To discuss these and other planned giving options, give us a call at (239) 277-1700 or Contact Us Directly