Planned Giving
CELEBRATING OUR PAST, PREPARING FOR OUR FUTURE
THE JBFC VISION CIRCLE
The Vision Circle is a group of donors who have made a commitment to the future of the Jacob Burns Film Center by including it in their estate plans. There are no dues or fees associated with membership in the JBFC Vision Circle. With their permission, members are listed in our annual report and other publications. In addition, members are invited to Vision Circle gatherings, as well as preview screenings, forums, and other special events. Most important, members of the Vision Circle know they are helping to ensure the future of the Jacob Burns Film Center.
Adding a simple bequest to your will is an easy way to contribute to the enduring success of the Film Center. An unrestricted bequest provides the JBFC with the flexibility to use your gift to meet programmatic and financial needs. However, we would be happy to apply your bequest to a specific program, or to our endowment. A bequest is deductible for federal estate tax purposes and bequests are generally not subject to state and inheritance taxes.
If you have included the JBFC in your will or estate plans, we hope you will let us know so that we can express our gratitude and enroll you as a member of the JBFC Vision Circle. If you prefer that your plans remain private, we thank you for your thoughtful commitment and generosity. To request more information or to talk about other ways to give, please contact Judy Exton, Development Director, at 914.773.7663, ext. 414 or jexton@burnsfilmcenter.org.
.jpg)
YOUR BEQUEST TO THE JBFC WILL ADVANCE OUR MISSION
By including a bequest to the Jacob Burns Film Center in your will, you will be investing in the future of our film, education and community outreach programs for generations to come. There are several options you may want to consider:
- Create a residuary bequest, which will distribute all or a portion of the assets remaining in your estate to the Jacob Burns Film Center after all other obligations are met.
- Make a specific bequest for a certain dollar amount or a gift of specific assets.
- Designate the JBFC as a beneficiary of all or part of the assets remaining in your tax-deferred retirement plan, such as an IRA, Keogh or 401(k), at your death.
Sample bequest language:
| “I bequeath _____% of my residuary estate (or $ _____) to the Jacob Burns Film Center (JBFC), a not-for-profit 501c(3) charitable cultural organization, located in Pleasantville, New York, for its ongoing film, education and outreach programs. (Federal Tax I.D. number: 13-4038441). |
Donors who choose to make the Film Center a part of their estate plans can realize financial and/or tax saving benefits. Please speak with a financial advisor or attorney about what makes sense for you. We welcome the opportunity to provide you with individual assistance and information, in confidence and without obligation.
Please contact Judy Exton, Development Director, at 914.773.7663, ext. 414 or jexton@burnsfilmcenter.org
CASH
An outright gift of cash is the easiest and most common way to make a contribution to the Jacob Burns Film Center (JBFC). Cash gifts are deductible for income-tax purposes up to 50% of your adjusted gross income. If you are unable to deduct the entire gift amount in one year, you may carry the unused portion forward for up to five additional years.
SECURITIES
Donating appreciated securities held for more than one year entitles you to a charitable income-tax deduction for the full market value of the shares on the date of your gift. Donors of appreciated securities avoid capital gains taxes and may use their income-tax deduction up to 30% of adjusted gross income with a five-year carryover.
BEQUEST
A bequest is a gift made through your will or living trust. You can make a specific bequest to the JBFC for a certain dollar amount. Or you can create a residuary bequest, which will distribute all or a portion of your estate to the JBFC after all other obligations are met.
LIFE INSURANCE
Donate a paid up life insurance policy that you no longer need for your family and receive a current income tax deduction. If you designate the JBFC as owner and irrevocable beneficiary of a fully paid life insurance policy, you may take a charitable income tax deduction for the policy’s terminal reserve value (approximately equal to its replacement value.)
REAL ESTATE
Outright gifts of property held for more than 12 months are deductible based on their market value, up to 30% of adjusted gross income with a five-year carryover. If the property has appreciated, you can also avoid capital gains taxes.
CHARITABLE REMAINDER TRUST
With a charitable remainder trust, you make an irrevocable contribution, which is placed in trust. The trust pays income to one or more beneficiaries for a set term. You receive an immediate income-tax deduction. At the end of the term, the Jacob Burns Film Center receives the “remainder” asset.
