LET CULTURE LEAD – GIVE

WAYS OF GIVING

The Let Culture Lead Initiative provides many opportunities to meet your financial needs and to fit your desired impact on the community.

Through Current Investment 

A major gift to current programs is an investment in the arts today. This type of gift to the collaborative mission of the AcA will be dedicated to the current needs and plans laid out in Vision 2030. You will provide immediate impact!

Through Long-Term Investment 

A current major gift to the AcA’s endowment is an investment in the future of the arts in Acadiana. This type of gift will secure tomorrow’s advancement of the arts, today. You will leave a legacy of enriching lives for generations to come.

Through Planned Investment

A planned gift to the AcA’s endowment will ensure a vibrant arts community lives on. Your thoughtfulness and commitment helps the AcA move forward with confidence and ensure that our standard of excellence will continue.

Directing Your Gift

Donors can provide catalytic gifts in a variety of ways. Your generosity can provide comprehensive support for children, families, artists, performers, and future projects where it is needed most through Initiative, Pathway, or Project support inside each of the AcA’s five major pathways.

Initiative Support

Unrestricted gifts that support comprehensive programs and services across the entire Let Culture Lead initiative.

Pathway Support

Gifts that support all programs and services inside the pathway of your direction: INVEST, TEACH, LIVE, BUILD, or SHARE.

Project Support

Gifts that are directed to support a specific project inside one of the pathways of Let Culture Lead (eg. the Louisiana Music Museum project, within the BUILD pathway).

CASH GIFTS
Generally accomplished via cash, check or credit card. Tax-deductible for those who itemize deductions.

PLEDGES
Payable over time. Deductible in the year payment is made.

MATCHING GIFTS
Takes advantage of programs offered by many employers, increasing the value of the original gift.

APPRECIATED PROPERTY
Gifts of stock, bonds, mutual funds, or other appreciated property (artwork for example) may provide favorable tax benefits.

PROPERTY THAT HAS LOST VALUE
Donor sells the property, takes a loss for tax purposes, then contributes the cash received from sale. Deductions given for both the loss and the charitable gift.

REAL ESTATE
Possible for the donor to make a gift of residence, farm or vacation home, reserving the right of occupancy as long as the donor and spouse live.

CLOSELY HELD STOCK
Produces a current tax-deduction equal to fair market value of the stock.

DEFERRED GIFTS

CHARITABLE GIFT ANNUITY
Provides a fixed income for the lifetime(s) of one or two annuitants.

CHARITABLE LEAD TRUST
Donors provide assets for use for a limited period. Funds are invested to provide income.

WEALTH REPLACEMENT TRUST
Protects inheritance interests of heirs. Using resulting tax savings of current or deferred charitable gifts, the donor purchases a life insurance policy with heirs as beneficiaries.

CHARITABLE REMAINDER TRUST
Provides partial tax-deduction for gift to trust and guaranteed lifetime income to donor and spouse with remainder of trust assets going to the Foundation after death of donors.

LIFE INSURANCE
Make the AcA sole owner and beneficiary of paid-up policy.

BEQUESTS
Outright bequests, as well as certain bequests in trust, are not subject to estate taxes.

 

TYPES OF CATALYTIC GIFTS

Major and planned gifts take many forms, as described below. Each giving opportunity will offer donors significant benefits based on their philanthropic goals and circumstances. The AcA recommends you obtain the professional counsel of your choice who specializes in charitable giving and estate planning. Our team stands ready to work with you, and your advisors, to help you plan for tomorrow and receive maximum benefits today.

CURRENT GIFTS

CASH GIFTS
Generally accomplished via cash, check or credit card. Tax-deductible for those who itemize deductions.

PLEDGES
Payable over time. Deductible in the year payment is made.

MATCHING GIFTS
Takes advantage of programs offered by many employers, increasing the value of the original gift.

APPRECIATED PROPERTY
Gifts of stock, bonds, mutual funds, or other appreciated property (artwork for example) may provide favorable tax benefits.

PROPERTY THAT HAS LOST VALUE
Donor sells the property, takes a loss for tax purposes, then contributes the cash received from sale. Deductions given for both the loss and the charitable gift.

REAL ESTATE
Possible for the donor to make a gift of residence, farm or vacation home, reserving the right of occupancy as long as the donor and spouse live.

CLOSELY HELD STOCK
Produces a current tax-deduction equal to fair market value of the stock.

DEFERRED GIFTS

CHARITABLE GIFT ANNUITY
Provides a fixed income for the lifetime(s) of one or two annuitants.

CHARITABLE LEAD TRUST
Donors provide assets for use for a limited period. Funds are invested to provide income.

WEALTH REPLACEMENT TRUST
Protects inheritance interests of heirs. Using resulting tax savings of current or deferred charitable gifts, the donor purchases a life insurance policy with heirs as beneficiaries.

CHARITABLE REMAINDER TRUST
Provides partial tax-deduction for gift to trust and guaranteed lifetime income to donor and spouse with remainder of trust assets going to the Foundation after death of donors.

LIFE INSURANCE
Make the AcA sole owner and beneficiary of paid-up policy.

BEQUESTS
Outright bequests, as well as certain bequests in trust, are not subject to estate taxes.

BEQUESTS

Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust—known as a bequest—can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified. While this does not constitute legal advice, below is an example of language to use when drafting a bequest.

If you have named the AcA in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.

SAMPLE BEQUEST LANGUAGE

For an unrestricted gift that allows the AcA to determine how to use the funds based on the most pressing needs, use the following language for your will and/or trust:

“I give to the Acadiana Center for the Arts, a Louisiana Nonprofit Corporation currently located at 101 W. Vermilion St, Lafayette, LA 70501, or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose.”

For a gift designated to a particular purpose:

“I give to the Acadiana Center for the Arts (AcA), a Louisiana Nonprofit Corporation currently located at 101 W. Vermilion St. or its successor thereto, _________ [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as the AcA determines that the need exists. If the AcA shall determine at the outset or at a later time that the need does not exist, or no longer exists or for some reason it is not possible (or prudent) to administer my gift as originally intended, then the AcA may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”