.png)
Legacy Gifts
Create Lasting Tributes: Memorial and Honorary Gifts Commemorate someone dear with a memorial or honorary gift, a heartfelt gesture that conveys love, admiration, and gratitude. Your contribution will stand as a lasting tribute. Ballet Arkansas will extend an acknowledgment to the designated family or individual you wish to honor.
Transforming Property into Impact: Secure Your Legacy Today If you find yourself with surplus personal property or have contemplated contributing to the betterment of future generations, consider transferring ownership of your property to Ballet Arkansas. This decision not only secures your legacy but also provides immediate tax benefits. Email Michael Fothergill, Executive and Artistic Director at michael@balletarkansas.org to learn more and to discuss your options.
Beneficiary Designation
Empower Change Through Your Estate
Incorporating your intentions into your will or trust takes just a few words. The official language recognized by Ballet Arkansas is as follows: "I give, bequeath (specified amount or percentage of the estate or description of property) to Ballet Arkansas, for general purposes or the purpose of (Specific request)." Providng this wording in document form to Ballet Arkansas is an effortless process.
For assets like retirement plans, IRAs, life insurance, donor advised funds, and bank accounts, beneficiary designations guide distribution. To update your designations with ease, request a change-of-beneficiary form from your policy administrator; it's simpler than revising a will.
To designate Ballet Arkansas as a beneficiary, please use the following details: Legal Name: Ballet Arkansas, Inc. Address: 520 Main St., Little Rock, AR 72201, Federal Tax ID: 71-2508968
IRAs
IRAs remain untaxed. Beneficiaries are liable for federal income tax upon distribution. To maximize impact, consider leaving taxable assets like retirement plans to the charitable causes you value, reserving other assets for loved ones.
Life Insurance
If the original purpose of a life insurance policy no longer aligns, designating Ballet Arkansas as the primary beneficiary or for a percentage can contribute significantly to supporting the Ballet's mission.
Donor Advised Funds
Allocate Ballet Arkansas as the beneficiary of your entire account or a percentage of your fund. Opting for a percentage allows your loved ones to continue recommending grants to charitable organizations as well.
Bank Accounts or Brokerage Accounts
Through your bank (Payable On Death, POD) or brokerage account (Transfer On Death, TOD), you can designate individuals or charitable organizations like Ballet Arkansas as beneficiaries to receive funds posthumously. Until that time, you retain full control and can adjust beneficiaries as needed.
To designate Ballet Arkansas as a beneficiary, email Michael Fothergill, Executive and Artistic Director at michael@balletarkansas.org to learn more and to discus your options.