You are invited to join the Northwind Arts Center Legacy Society
The Northwind Arts Center Legacy Society provides recognition for and appreciation of those individuals who have made a planned gift to Northwind Arts Center.
Membership is open to everyone who has made a provision for Northwind Arts Center to receive funding through a will or trust, or has named Northwind Arts Center a beneficiary of a charitable trust, life insurance policy, retirement plan, or other vehicle.
In addition to supporting something you believe in, bequests and other planned gift options may have certain tax and investment advantages. By including Northwind Arts Center in your estate plan, either you or your estate can take a charitable donation. Depending on your estate plan, the tax savings can be significant. You should consult your legal, tax, or financial advisor for help in structuring your estate plan to meet your financial and philanthropic objectives.
Bequests in Your Will
Please consider leaving a bequest to Northwind Arts Center in your will, in a codicil to your will, or in your living revocable trust. A codicil is a document that amends, rather than replaces, a previously executed will.
A bequest can be either part of the distribution of your estate or contingent upon certain events, such as the death of a loved one.
Bequests take different forms. These forms are generally a gift of a percentage of your estate, a fixed sum, designated property*, or the residue of your estate once all other bequests have been made. Examples of bequest language are as follows:
percentage of the total value of your net estate
“I give, devise, and bequeath to Northwind Arts Center, EIN 02-0584427, located at 701 Water Street, Port Townsend, WA 98368, ______ per cent (___%) of my net estate.”
fixed sum of money
“I give, devise, and bequeath to Northwind Arts Center, EIN 02-0584427, located at 701 Water Street, Port Townsend, WA 98368, the sum of $______.”
designated property (e.g., insurance, stock, and/or art)
“I give, devise, and bequeath to Northwind Arts Center, EIN 02-0584427, located at 701 Water Street, Port Townsend, WA 98368, (a description of the property).”
residue from your net estate
“I give, devise, and bequeath to Northwind Arts Center, EIN 02-0584427, located at 701 Water Street, Port Townsend, WA 98368, all the residue of my net estate, including real and personal property.”
* Northwind Arts Center reserves the right to decline gifts of designated property.
Other Ways to Give
Currently, other ways to include Northwind Arts Center in your estate plan are gifts of life insurance and/or retirement assets. These gifts are accomplished merely by naming Northwind Arts Center as one of the beneficiaries of your life insurance policy or retirement account. Please contact us if you want additional information.
Please contact us if you would like to use the donated services of a qualified local estate-planning attorney to provide advice or write a codicil to your will regarding a bequest to Northwind Arts Center.