Have you considered remembering the work of Cappella Cantorum in your will, estate plan or through a donor advised fund? Since 1970, Cappella Cantorum has built an organization that connects its singers and audience with great choral music of timeless beauty and worth for many generations to come.
Cappella Cantorum welcomes a wide array of gifts, including appreciated securities and planned gifts, both for current operations and as named permanent endowment funds. Including Cappella Cantorum in your estate plans is a meaningful way to leave a legacy that ensures the future of great choral music in the Lower Connecticut River Valley and Shoreline area.
Gift planning provides the opportunity to make a substantial gift while maintaining assets for family. Gift planning involves integrating a donor’s charitable gift into his or her overall financial, tax and estate planning objectives to maximize the benefits for both the donor, their family and Cappella Cantorum. The information contained here is for educational purposes only. You should consult with your own tax or legal advisors to explore the benefits relevant to your particular situation prior to making any planned gifts. Our Board Officers welcome the opportunity to discuss any of the following options with you.
Wills and Bequests
A gift by will (a bequest) is one of the oldest, easiest and most effective means to ensure you fully provide for your family and that your assets are distributed as you wish while making a charitable gift. A gift to Cappella Cantorum through your will has several advantages:
- Charitable gifts made through your will are 100% deductible for estate tax purposes.
- A charitable bequest may place your estate in a lower estate tax bracket.
- You may specify that your bequest be used for the general purposes of Cappella Cantorum or for a particular area of interest.
Bequests to Cappella Cantorum can be made when your will is first created or revised or after it is completed through the execution of a codicil. Bequests give you the opportunity to express your wishes as to where, to whom and in what order your assets are to go.
The Board Officers of Cappella Cantorum are available to discuss your wishes and help you create bequest language. Remember to always use the legal name: Cappella Cantorum, Inc. Some suggested sample bequest language follows:
I give, devise and bequeath to Cappella Cantorum, Inc.,
- the sum of $_______,
- _______% of my estate,
- the following described property _______,
After all other specific bequests are made, I give, devise and bequeath to Cappella Cantorum, Inc. _______% of the rest, residue and remainder of my estate,
…to be used for its exempt purposes.
Annuities and Trusts
The charitable remainder trust is an attractive method of achieving a variety of goals while ensuring income for life for yourself and your heirs. Furthermore, many have found comfort in knowing that after their lifetime, the property remaining in the trust will be used by Cappella Cantorum explicitly as they specified. Trusts are wonderful to use for handling retirement assets or converting securities to income producing property.
Charitable trusts can be created during your lifetime or through estate plans. Each trust is tailored to fit the specific financial and philanthropic goals of the individual. The two types of charitable remainder trusts are: Unitrust – where income fluctuates annually with the fair market value of the trust, and Annuity Trust – where income payments are fixed and determined when the gift is made. Each provides you with a charitable tax deduction.
There are many advantages of a Charitable Remainder Trust. For example, you receive income for life, avoid capital gains tax if the trust is funded with appreciated securities, and receive immediate charitable income tax deductions. In addition, there is the possibility of reducing your estate tax, and, of course, the deep feeling of satisfaction gained by supporting Cappella Cantorum.
Both types of trusts allow you to attain your own personal financial objectives while making a meaningful gift to Cappella Cantorum. The best type for you depends on your own individual needs.
Charitable Gift Annuities allow you to make a gift, receive a charitable income tax deduction and receive guaranteed fixed payments for the rest of your life.
A donor-advised fund (DAF) is a type of giving program administered by a third party that allows you to combine favorable tax benefits with the flexibility to easily support your favorite charities, like Cappella Cantorum. It is created for the purpose of managing charitable donations on behalf of an organization, family or individual.
An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals. DAFs allow donors to give cash, stock and other assets where the donor receives an immediate tax deduction when the contribution is made, but can grant specified amounts to the charities of their choice at a later time.
Your gift to Cappella Cantorum will help us bring the life-changing joys of participation in the performance of great music and to our audiences. Your gift may be designated to support the work of Cappella Cantorum in general, or in a specific way most meaningful to you: perhaps by endowing a singer scholarship or a professional orchestral part, supporting a particular chorus, or underwriting a production, season or special project.
Please advise your will preparer, estate planner, financial advisor or attorney of your desire to support the work of Cappella Cantorum, Inc. through a legacy gift. Our Board Officers will gladly provide the necessary information—in the strictest of confidence —to insure that your gift will be received, properly applied and acknowledged when and as may be appropriate, according to your wishes.
For more information on making a planned gift to Cappella Cantorum, please contact: