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Planned Giving Alternatives One of the best ways to support the Seattle Repertory Jazz Orchestra and to preserve and enrich jazz in Seattle is to make a planned gift. There are several alternatives, and all can provide significant tax advantages. Support SRJO in Your Will or Revocable living Trust. One easy way to make a planned gift to SRJO is through a bequest or other gift in your will or revocable living trust. A bequest can be simple to arrange, and can reduce estate taxes. By making a gift under your will or revocable living trust, you retain the use of the gift property during your lifetime. The will or revocable living trust should make the gift to SRJO's legal name, "Seattle Repertory Jazz Orchestra, incorporated as the Seattle Jazz Orchestra." Support SRJO Using Your Qualified Retirement Plan Account or IRA. To obtain additional tax benefits, designate SRJO as beneficiary of an IRA or qualified retirement plan, such as a 401(k), pension or profit-sharing plan. In addition to saving estate taxes, your gift can avoid deferred income taxes, reducing the cost of the gift to your other beneficiaries. Because most IRAs and qualified retirement plan accounts do not pass under wills or revocable living trusts, make your gift through a beneficiary designation naming, "Seattle Repertory Jazz Orchestra, incorporated as the Seattle Jazz Orchestra." Support SRJO with a Lifetime Gift of Appreciated Securities or Other Assets. A gift to SRJO of appreciated securities or other appreciated assets can avoid capital gains taxes and entitle you to an income tax deduction for the fair market value of the gift asset. To give securities that are held in a brokerage account, you need the SRJO BROKERAGE ACCOUNT NUMBER AND OTHER TRANSFER INFORMATION. For this information, please contact (or have your broker contact): Ellie Gittelman, SRJO Controller telephone: 206-230-9932 e-mail: egittelman@comcast.net Support SRJO with a Charitable Remainder Trust or Other Charitable Remainder Gift. If you wish to retain the lifetime use of the gift property but also wish to obtain immediate income tax benefits, you can establish a charitable remainder trust or make another type of charitable remainder gift to SRJO, such as establishing charitable gift annuity. These arrangements can provide many tax benefits, including an immediate income tax deduction, avoidance of capital gains taxes on appreciated gift assets, and avoidance of estate and gift taxes. Contact SRJO if you wish to discuss these alternatives. Support SRJO with a Charitable Lead Trust. Another way to benefit both SRJO and other beneficiaries is to establish a charitable lead trust, committing the income from assets to SRJO for a set period of time and then having those assets pass to the other beneficiaries. Charitable lead trusts also can result in substantial tax advantages, including an immediate income tax deduction and avoidance of capital gains taxes, and can reduce future gift and estate taxes by reducing the taxable value of the assets eventually passing to your other beneficiaries. Contact SRJO if you wish to discuss these alternatives. Be sure to consult with your own legal, tax or financial advisor before deciding on any of these planned gift alternatives. If you wish to benefit SRJO with a charitable remainder or lead trust or to place restrictions on your gift, or you need ANY OTHER INFORMATION about making a planned gift to SRJO, contact: SRJO's Treasurer Robert Wade telephone: 206-448-0234 e-mail: robert@robertwadephoto.com |