Planned and Legacy Giving
By including Winnsboro Center for the Arts in your planned giving efforts, you are supporting WCA, our community, and the development of the next generation of artists and arts lovers. Whether you give today or leave a legacy when you are gone, your contribution will help to integrate the arts into community life.
Add WCA in Your Will
Whether you are creating a new will or revising your overall estate plan, consider leaving part of your estate to Winnsboro Center for the Arts, a 501(c)3 non-profit corporation, by putting the following language into your will: “After fulfilling all other specific provisions, I give, bequeath, and devise __________% of the remainder of my estate (or $XXXXXX if a specific amount) to Winnsboro Center for the Arts, a tax-exempt corporation, tax id#75-2957925, incorporated in the state of Texas.”
Add WCA as a Beneficiary
Name WCA as a beneficiary for all or part of your life insurance, pension, or mutual fund account. List us as: Winnsboro Center for the Arts, (EIN #75-2957925), with a mailing address of P.O. Box 342, Winnsboro, TX 75494.
Give Stock and Save on Taxes
Any publicly traded stock that has appreciated can be donated directly to WCA. In doing so, you can avoid paying capital gains and you may even be eligible for an income tax deduction of the fair market value. For more information on making a gift of stock, email mwhite@winnsborocfa.com or call 903-342-0686.
Give from your Donor Advised Fund (DAF)
Donor Advised Funds (DAFs) are a simple, flexible and tax-advantageous way to give to WCA. If you have a donor advised fund, simply contact your adviser at your DAF sponsoring organization directly to make your grant recommendation to Winnsboro Center for the Arts. Need help? Email us at mwhite@winnsborocfa.com.
CDs and RMDs from IRAs
If you are 70½ years old or older, you can give up to $100,000 from your Individual Retirement Account (IRA) directly to a qualified charity such as WCA without having to pay income taxes. This can satisfy your required minimum distribution (RMD), reducing your taxable income while providing meaningful support to our cause.
Lead Trust
With a Charitable Lead Trust, you transfer cash or other assets to a trust that makes payments to WCA, typically for a term of years. After that, the trust assets are passed back to you or other family members you designate. Charitable Lead Trusts may reduce gift or estate taxes.
Gift Annuity
In a Charitable Gift Annuity, you and WCA agree to exchange your irrevocable transfer of cash or securities to WCA for a fixed income payment to you—for life. The gift also entitles you to an immediate charitable income tax deduction. At the end of its term, the annuity balance goes to Winnsboro Center for the Arts to support its mission. Gift Annuities may also reduce gift or estate taxes.
For more information and to discuss a legacy gift to Winnsboro Center for the Arts (EIN 75-2957925), please contact WCA Board Chair Mary White at mwhite@winnsborocfa.com or call 903-342-0686.
The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.
