For more than twenty years, the Global Alliance for Arts & Health has provided its members and those interested in the arts in health field with a vast array of programs, events, and services that have helped advance the arts as integral to health and healing. There were many achievements along the way; however, none would have been possible without the generosity of our members and other supporters.
In the future, the Global Alliance will continue looking to members and individuals as a cornerstone of support for our programs and activities. In addition to annual gifts, planned giving, including gifts through a will, allows people to make a donation that is significantly larger than what they might otherwise be able to give, and it often provides tax incentives and other advantages that can help preserve a larger portion of an estate.
Gifts Anyone Can Afford:
Potential donors often worry that they are unable to make a substantial gift, or that by making a gift now, they may end up jeopardizing their own financial security. Planned giving removes this uncertainty, and gives them the freedom to express fully their generosity without risking their own future or peace of mind. It is one of the reasons that planned giving is perhaps the most affordable form of giving available to you.
Bequests/Gifts through a Will: This is by far the most prevalent form of planned gift. If you are preparing your estate plans and would like to include the Global Alliance for Arts & Health, your generosity and the desire to connect your legacy with our mission would be deeply appreciated. The following language is provided here as sample text that could be used in order to designate a gift through your will:
Residual Bequest Language: A residual bequest comes to us after your estate expenses and specific bequests are paid: I give and devise to the Global Alliance for Arts & Health, located in Washington, D.C., all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific affiliate, fund, or program).
Specific Bequest Language: Naming the Global Alliance as the beneficiary of a specific amount from your estate is easy: I give and devise to the Global Alliance for Arts & Health, located in Washington, D.C., the sum of $___________ to be used for its general support (or for the support of a specific affiliate, fund, or program).
Contingent Bequest Language: The Global Alliance can also be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled: If (insert name) is not living at the time of my demise, I give and devise to the Global Alliance for Arts & Health, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific affiliate, fund or program).
Charitable Gift Annuities: This is an agreement between you and the Global Alliance for Arts & Health that provides you with regular fixed payments annually (an annuity) for life, in exchange for transferring assets to the Global Alliance.
Charitable Remainder Trusts: This planned giving instrument is an agreement between you and a trustee that can provide fixed or variable income to meet your specific financial needs, at the termination of which the remaining assets are passed to the Global Alliance.
Charitable Lead Trusts: An agreement between you and a trustee that provides income to the Global Alliance for Arts & Health for a period of years, at the end of which, the trust property typically passes to an heir.
Retirement Assets: Retirement accounts assets, if left to anyone other than a spouse, may be subject to high taxes. By designating the Global Alliance for Arts & Health as the recipient of any benefits remaining in your retirement plan, you may reduce the taxes on those assets.
Real Estate: Gifts of property are unique and meaningful contributions to the Global Alliance. Real estate can also be a valuable asset when used to fund either a charitable remainder trust or a charitable lead trust.
Life Insurance: You may wish to make the Global Alliance for Arts & Health the beneficiary of a policy.
The Global Alliance for Arts & Health does not intend for the above examples or sample language to be construed in any way as either legal or financial advice. The Global Alliance strongly recommends that you consult your financial and/or tax advisor.
If you have already designated the Global Alliance for Arts & Health as a beneficiary of your estate, we would like to ask that you consider providing a copy of all relevant documents to our development office so that we can ensure your gift will eventually be used and recognized according to your wishes.
Thank you for considering this important gift that will continue to help others and be dedicated to advancing the arts as integral to health for future generations.